Dear Experts,

Please suggest if a pvt. Ltd. Corp entity has accepted the unsecured loan more than Rs. 10 Crore only from its shareholders and directors till the year ended 31/mar/2014, would it be considered as a SMC or Non SMC with respect to definitions under Accounting Standards Regulation??

Hoping for a prompt reply on this urgent matter...

Thanks in Advance
Amit

I had uploaded my service tax return (late return)with proper challan details.

Now the return is showing following issue:

1. the challan no in H1 section doesnot exist and/or is not matching with the registration no available in the database.


I have checked that all the challan details are proper.


What should I do now

For example : I deducted made payment of interest on 12-03-2014 and deposited TDS for that amt on 12-03-2014 but in books i am showing as i have made payment of interest on 31-03-2014

which date should i use for filing TDS return 31-03-2014 or 12-03-2014

A Student taken a Education loan from bank.

The Bank has payment the Fee directly to Collage through DD of regarding Education Loan .
Query of this when Bank issued a DD for payment of fee then not DD Charged From Student .

the DD charge mention in Service Charge of Bank
Please Expert express his Opinion
why bank relief to DD charge for Student .
what is not loss of Bank revenue .

A doctor has maintained books of accounts on cash basis. He has received a cheque of Rs. 180000 (net of TDS) as professional fees from a company in MAY 2014. The company has made TDS of Rs. 20000 on 31.3.14 and had deposited the same in April 2014 as it follows accrual basis.
Que.

1. Can the doctor take the credit of the said TDS of Rs. 20000 for AY 14.15 .

2. Whether TDS of Rs. 20000/- the credit of which is available for AY 14.15 constitutes the income of Doctor for AY 14.15?

while upload forms on MCA site I m not able to file forms...
can anyone please guide me with the basic requirements on the computer for filing forms ???

hello ... i just want to know whether anybody cn avail service input tax credit ..... for payment made towards coaching fee to coaching center ... n wat will be d procedure ...??

Whether the provision for NPA created under RBI guideline is eligible for deduction u/s 36(1)(vii) as bad debt in view of Vijaya Bank vs CIT (323 ITR 166) as the banks discloses Debtors/Advances in Balance Sheet net of provision to comply with the guideline?

Sir

I am an article assistant working in a small audit firm. They use genius software to file the return .
While filing I forgot to add the challan details and uploaded the return then in return it appeared as tax payable.

Now can we rectify that return

Hi All,

This is in reference to the recent changes made in Corporate Law i.e. the sections of Companies Act, 2013 that have been notified by the MCA.

My query is that whether the notified sections of Companies Act, 2013 shall be applicable for the December 2014 examination or not. Till now, I have not seen any notification on the ICSI website regarding this.

Kindly clarify.