Applicability of sec 372 a and 295
This query is : Resolved
19 March 2012
Dear Expert,
A Private Limited Company has requested a certificate of non applicability of Sec 295 and 372A for submission to bank. My question is whether Sec 372A and 295 applies to Pvt Ltd Co? If no can I give such certificate.
A Private Limited Company has requested a certificate of non applicability of Sec 295 and 372A for submission to bank. My question is whether Sec 372A and 295 applies to Pvt Ltd Co? If no can I give such certificate.
19 March 2012
Hi
Yes, both section are not applicable to private company unless it is subsidiary of public company. You just give a certificate that such provisions is not apply to company.
Regards
Yes, both section are not applicable to private company unless it is subsidiary of public company. You just give a certificate that such provisions is not apply to company.
Regards
20 March 2012
Agree with experts!!!
Section 295 and 372a are not applicable on Pvt ltd company unless such pvt ltd is subsidiary of Public Ltd.
Section 295 and 372a are not applicable on Pvt ltd company unless such pvt ltd is subsidiary of Public Ltd.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Type of Capital Gain
- Error in uploading Form 10BD
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Difff in ais receipts and gst turnover
- Grand in aid
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
