Dear Members,

Please give your views on my following query;

Can ABC (a partnership Firm) give unsecured loan to ABC Private Limited.?

Where, the Directors of ABC Pvt. Ltd. are also the partners of ABC.

What provisions of Companies Act or Income Tax Act are required to be seen in this condition.

Please share your views.

I want to know the procedure to close a private limited company. The company has three directors and one of them is a foreigner. The company does not own any assets except some amount of cash in the company's current account with a bank. There is no liability of the company as well.I am told that there has recently been some changes in the law which has not yet been notified. Kindly let me know the procedure under the new law.

Dear Sir,
U/s Section 44AE prescribes 5000/- P.M. on heavy vehicle, thus annual income comes to rs. 60000/-.
Now my question is that if assessee wish to show Rs 100000/- as income instead of Rs. 60000/- then what is the way to show Rs. 1 lac income in itr4S.

Please advise me.

Hello

sir,

I have make contract for trannig of CS & send contract form to institute ICSI before Registration of Professional Praogram. so Pls. Advise me that contract is valid or not if valid which effective date. or ans. no pls. advise me what step can be taken.

1.what is the entry for provissional WIP?

2.after enter in provisional entry RA bill submitted to Client What is the journal Entry?

3.what is entry for Difference in Provission WIP and Submitted RA Bill Entry?

4.Client approved RA Bill Less than the provission and RA Bill? what is the entry?

Please explain in detailed about all the above mention issues and Overall WIP Concept.

can we book Bill of Entry for Import Purchase in Import party ledger is it correct. or we can book the Import purchase Bill which is given by party. please advice ...

I have uploaded tax audit report and ITR of my client but due to slow site it is uploaded on 1/10/13 at 12.05 a.m. since the uploading was going on from 15-20 minutes now what will be the consequences and what should be done further please help urgent

One of Travelling ticket booker raise combined bill of Actual travelling faire & service charge, Whether tds on deducted on total bill amount or only on service charge & under which section ? ...

Thanks

Hello

Sir/Madam

My Friend is labour worker & his saving income last 20 year he want to investment in Land/building approxy 7.00 lakh Rs. but he is not file IT return because his income below the taxable Limit. I m waiting your valuable advise.



pls. aurgently.

Currently, clause 49 of the listing agreement requires that a board of a listed company will have an optimum combination of executive and non-executive directors with not less than 50% of the board comprising non-executive directors. It also provides that where the Chairman of the board is a non-executive director, at least one-third of the board should comprise independent directors. In case the Chairman is an executive director, at least half of the board should comprise independent directors.

The Companies Bill states that every listed company will have atleast one-third of total number of directors as independent directors, with any fraction to be rounded off as one. Unlike the listing agreement, the Companies bill does not contain any specific requirement of 50%independent directors if the Chairman of the board is an executive director.

Query: within what time can should a public limited listed company appoint another Independent Director, if at present it has 4 directors, Chairman as Executive & Promoter and one of its Independent Director resign from the Board reducing the Composition of the Board from 4 to 3.

As per the Companies Act, 2013 an existing company has a transition period of one year to comply but as there is no non-compliance of the Companies Act, 2013.

Also confirm as to what is the transition period to comply with the non-compliance of Listing Agreement.