Can a pvt. ltd company borrow unsecured loan other than Share-holders ? And if so ? Upto what limit, and if it not mentioned in MOA @ AOA.

Dear experts, a co s running under loss and the co has issued dividend for the preference shareholders. and it has been validates by a CA. now that equity shareholders of that co s questioning d auditor. How can an auditor justify d report? any sections r provisions relating to that?

I've incorporated a pvt ltd company in march 2014 and completed my all legal formalities in same time but business in company will be starting from the month of april.

Whether it is necessary to file Nil Income tax Return and Statutory Audit of the company for FY 2013-14. Or I get any grace period as my company started in the month of march.

please advice.

thanks in advance.

My business is trading in food products.. My Gross profit margin is 6%.. My turnover for the FY 2012-13 is Rs.59 lakhs.. My approximate net profit is 2.5 lakhs.. should my books of accounts audited by CA u/s 44AD?.. please help me..

Do I have to get my books of accounts audited if my gross turnover including vat is 42 lakh and my net profit is 5%?
However if I donot opt for sec. 44AD even then do I have to get my accounts audited?

1.Are there any rules restricting investment in Fixed deposits out of funds received from Government??
2.Can unsettled balance in PF Account invested in Fixed deposits??
3.Can Rent amount accumulated be invested in Fixed deposits,any rules for restrictions?

Abc is a company working in hotel industry and using the name of ITC Hotels and as per ITC norms they have appointed their two employees in that company and Abc is giving money for the service provided by employees of ITC ,treating it under head salary but deducting only service tax. ITC is issuing debit note for the same.
So my question is what should be the name of service provided by them, what would be the tax treatment and under which category and head they should be accounted for ???
Hoping for a soon reply from ur side and i will b very thankful for ur response. . .

As an itr was uploaded with wrong address a revised return was done. But in that also a mistake was committed and an other revised return was uploaded. Now my question is whether I should sign both the revised itr or only the final one to send it to CPC.

Hello, while going through an IPCC level book of auditing, I came across the question, "What are the special steps involved in framing a system of internal check?". Is the the same thing as, "General considerations in framing a system of internal check?", I'm confused because technically and as far as I know, steps and general considerations are not the same thing. if not, then what should the answer to the former question?

Hi
According to Circular 1/2014 TDS is to be deducted on amount exclusive of Service tax.
For example
I have come through an entry indicating
Exp - 2500
Service tax + Edu. Cess - 309
TDS(2%) - 57
Is it correct?
From which date this circular is applicable?