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Deposits
Corporate & Other Laws
answered on 19-Aug-23 21:29
In deposits paid up share capital includes both? Pref and equity paid up shares
latest answer
Tq
Russell Aravinth
CA Inter
★ 12K+
2
446
Deposits
Corporate & Other Laws
answered on 21-Aug-23 10:27
If a company issues only unsecured debentures then deposit trustee is required?
latest answer
Yes, if its public issue (convertible or unconvertible or secured or unsecured) Sec 71(5) states "No company shall issue a prospectus or make an offer or invitation to the public or to its members exceeding five hundred for the subscription of its debentures, unless the company has, before such issue or offer, appointed one or more debenture trustees and the conditions governing the appointment of such trustees shall be such as may be prescribed." Also as per Regulation 4(4) of SEBI (Issue and Listing of Debt Securities) Regulations, 2008 it is mandatory
Russell Aravinth
CA Inter
★ 12K+
6
503
Capital gains
Direct Taxation
answered on 20-Aug-23 19:43
1. Mr. Gyaanchand purchased 1200 shares of "A" limited at 130 per share on 26.02.1979. "A" limited issued him 600 bonus shares on 20.02.2003. The fair market value of these shares at Mumbai Stock Exchange as on 1.04.2001 was 900 per share and 2,000 per share as on 31.01.2018. On 07.07.2022 Mr. Gyaanchand sold all 1800 shares @ 2,400 per share at Mumbai Stock Exchange and securities transaction tax was paid. Compute capital gain chargeable to tax in the hands of Mr. Gyaanchand for the A.Y.2023-24.
latest answer
FMV as on 31.1.2018 is taken as cost of acquisition
Sowmiga Chandrasekaran
CA Inter
★ 7K+
2
934
Capital gains
Direct Taxation
answered on 20-Aug-23 19:44
3. Prabhu Dayal Prem Narain, HUF purchased a house property in the year 1945 for 30,000, On 30.09.2020, the HUF was totally partitioned and the aforesaid house property was given to Mr. Prem Narain, a member of the family. Fair Market value of the house as on 30.09.2020 was 18,00,000. FMV of the house as on 1.4.2001 was 2,00,000. What will be the tax implications in the hands of Mr. Prem Narain and the HUF?
latest answer
Transfer of asset by HUF to members on partition is not regarded as transfer as per Section 47
Sowmiga Chandrasekaran
CA Inter
★ 7K+
2
569
Capital gains
Direct Taxation
answered on 23-Aug-23 09:31
Wants solution please help me anyone
latest answer
LTCG
Deepak shah
CA Inter
★ 630
3
641
Capital gains
Direct Taxation
answered on 20-Aug-23 19:45
Is the final answer will be NIL. And exemption value 5070000 or 5500000 whichever is lower.
latest answer
Perfect 👍
Deepak shah
CA Inter
★ 630
4
454
General
Corporate & Other Laws
answered on 01-Oct-23 20:58
Whether a person can buy preference shares and equity shares and debentures of the same company ?
latest answer
No
Russell Aravinth
CA Inter
★ 12K+
5
528
Exam form
Others
answered on 19-Aug-23 12:23
Is it mandatory to update photo and signature on site? My photo and signature are uploaded since my foundation exam. Is it ok if full the form?
latest answer
Thanks for suggestion
Nakul Dixit
CA Final
★ 4K+
2
482
DIRECT ENTRY
Others
answered on 21-Aug-23 10:49
Is online. B. Com pursuing student( final year)are eligible for direct entry route for ca under new scheme.
latest answer
Yes.
Sai G
CA Inter
★ 6K+
1
680
Question paper
Indirect Taxation
answered on 20-Aug-23 19:45
In question, ITC is blocked for services availed of renting of moter vehicle...why??.....what does the last line mean i.e ajay ltd is not in the same business
latest answer
Perfect 👍
Rifhat Khan
CA Inter
★ 28K+
3
546