LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Urgent query

CA. Animesh Kumar Jain (ACA DISA (ICAI) B.Com) (226 Points)

18 December 2014

Dear Members,
I have filed DPT-4 for One of my Company Client, now he is not in position to repay the loan within 31st march 2015 which is the last date to repay the same, He want to converted the loan into share capital, is this good idea?????

Reply
Follow
Share

4 Replies

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 18 December 2014

Yes, it is a good idea.

B Lokanadham (CA Practice ) (11 Points)
Replied 18 December 2014

Halo I am CA Lokanadham Burle a practising Chartered Accountant.

One of my friend presently working from germany and earning salary in India and germany want to develop and and sell apps for mobiles and he wants to know the tax implications of Andhra Pradesh VAT, Service Tax and Income Tax. in India. Please give a light on the same that wheteher he need to register under APVAT and Service Tax.