Good Evening Friends,

Request you to please help to find out the applicable sections of companies Act to private company only.

Looking forward to your response.

Thank you

Deepanshu Sharma

An assessee pays a fixed amount to a person every month who works for him and provides consultancy services to the assessee. Whether the amount paid to him can be considered as Professional charges? or is it to be considered under salary?

Our Co. is engaged in the business of maintenance of Flats ,building and common service of a particular commercial building
Co. is incurring regular repair and maintenance exp.for upkeep of building and paying AMC charges to various vendors for maintenances of :
• Lifts
• Centralized Air conditioning plants
• Genset.etc.

Our query is whether provisions of works contract act are applicable on the co. and it has to pay Service tax under Reverse charge mechanism if yes at what rate.
I

In case of an housing society the developer/builder has transferred the assets like ELEVATORS,GENERATORS,SEWAGE TREATMENT PLANT ...ETC to the collective buyers of the flats of the housing society.so now my query is can the housing society claim depreciation benefit against those assets ??

RESPOND AT THE EARLIEST GUYS

THANKS IN ADVANCE

a private limited company who is not file DIN-3 in ROC whereas Director appointed before 6 month, than What are the Penalty if DIN-3 not filled in ROC.
Appointments of Director after 01-04-2011.

if an assesee has more than one business whether the limit of rs 60 lacks should be applied business wise and not by aggregating the turnover of all the business of the assesse?

hi experts,
if we have purchased business premises and paid service tax on same. now if we are giving it on rent then we are liable for service tax on renting of immovable property. in such case can we take cenvat credit of service tax paid on purchase of property for payment of service tax on renting of immovable property

hi expert,
if we are not paying full service tax liability as calculated. then is there any requirement to intimate to department for less payment of service tax liability? if yes, as per which rule?

I want to know the procedure of closing down or shutting down a private limited company.

Kindly Assisst.

Thanks.

Query:

Regarding miscellaneous expenditures, 12th class TS Grewal book (supplement- preface- silent feature page) says that Unamortised portion of Miscellanous expenditures MUST either be adjusted against securities premium account
or debited to statement of profit and loss.

Some other books and NCERT supplement guidelines say that: The unamortised portion of such expenditures should be shown under "Other current assets" or "Other non current assets" depending on whether they will be amortised in the next 12 months or thereafter.

These two methods seem to be contradicting each other.
Which of the above methods is right. Can we call both of them right Please also suggest some study material (book) to get more clarificaiton.

Thanks in advance