According to section 164 of Companies Act 2013" No person who is or has been a director of a company which—
(a) has not filed financial statements, or
annual returns for any continuous period of three financial years;"


We want to incorporate a private company in which there are three proposed Director who are promoters also,but after filling INC-1, It comes our notice that one promoter/proposed Director is disqualified because he has been a director of a company which not filled annual returns for more than three years.
Now my question is how we can rectify this mistake as we have given the name of aforesaid person as proposed director of proposed company.

suppose Building of Mr X was in redevelopment after the possession(ie after completion of building) of flat Mr X want to sell the flat and wanted to purchase new flat against that..
nw my query is:
1)Can Mr X sell is redeveloped Flat??

2)If yes than what will be the tax implication
and
if NO than why??
you can also give reference of any case law or explain by any example...

SIR

I HAVE REGISTER FOR CA FINAL ALONG WITH ATICLESHIP REGISTRATION IN APRIL 2013 , BUT I HAVE YET NOT RECEIVE THE REGISTRATION LETTER OF THE SAME. SO WHAT TO DO TO OBTAIN CA FINAL REGISTRATION LETTER.

AND ALSO, WILL I BE ABLE TO GIVE EXAM AT THE TIME OF MY FIRST ATTEMPT EVEN IF I DON'T HAVE CA REGISTRATION LETTER.

Kotak Mahindra Prime limited (KMPL) is a subsidiary of Kotak Mahindra Bank Limited primarily formed to finance all passenger vehicles.Interest paid to Kotak Maheindra PRime Ltd so plz tell me whether tds should be duducted or not

Hi,

I have received notice from income tax dept and after proceedings for the said notice, additions were made by AO under section 68. The additions are about 17 lacs and the outstanding tax is huge on it.
I am a salaried person and want to ask if AO can make the additions under section 68 for a salaried person. I have not maintained any books of account. Also, since last 12 years I am in private job.

Also, please let me know the ways how to get penalty proceedings stopped. Because as per my knowledge there is penalty for section 68.

Dear all,

Plz help me on this query.

My husband changed jon during mid of previous f.y. HRA deduction is not provided by previous co. in form 16.

Can it is claimed now while submitting return!!!

Plz reply.

Thanks

A tiles manufacturing company , ifuse its own truck for transportation of goods from its plant to a customer places for delivery purpose , whether service tax are applicable on this freight charges ? provided company's main business is to manufactur tiles and not of providing transportation service.

Dear All,

I want to ask that how to do accounts work in company day to day. because i am working in co. i am not understanding that how to do work. please help,

Recently I had made an rectification of TDS Return of a firm. The assessee have made payment of interest on late payment which I while doing rectification added a separate column and mentioned amount in interest column and in Anexure against that challan I tagged the respective entry as per justification report with the amount and interest. After processing of that return the department raised demand on that amount which I tagged against the new challan of interest payment. Since, TDS have been paid on that amount thereby no payment of demand required. So now to vacate the demand I have to make rectification again. Therefore, while rectifying TDS return I have no option to delete the column. pls suggest to resolve this issue.

Interest of rs 10000 paid on money borrowed for purchasing shares to be held as investment. Query is that such type of Amount Allowed or not while Computing income from other sources.
plz give yur answer with reasons.