Dear Friends,

I have two doubts regarding resignation of Company Secretary.

a).Whether the resignation letter is mandatory to attach in E form 32
b). When is the effective date of resignation either on the date of resignation letter or else date of acceptance of the board.

It is quite urgent kindly help.

I have another doubt regarding EGM Notice.

Whether it is mandatory to place EGM notice in the board.

Regards,
Vidhya

Need ur help……

There is a pvt.ltd.comp.(incorporated on 13.01.09) which gets converted into a public ltd.company on 27.01.2010.
And the problem is that this comp. has not filed any annual returns with ROC so far…..

So for annual return of the period 13.01.09 to 26.01.10 what can be done?? Can we file annual return of the period 13.01.09to 31.03.10 together(15mths)??

Asking this coz of two reasons-
1). company’s identity has changed so whether it will be correct to merge both the period?
2). secondly, we cant file the return of 31.03.09 as a “pvt ltd.comp.” coz the existence of comp.as a pvt ltd.has ended up.

So wats the solution????

Facts:

- Excise Duty levied on Readymade Garments under section 3(2) w.e.f 1st Mar 2011 , giving 40% abetment initially and subsequently increased to 55% and finally to 70% w.e.f 16th Mar 2012.
- We are a Company engaged in manufacturing, whole selling and retailing of Readymade Garments through our own Exclusive Brand Outlets all across India.
- The goods are cleared from our factory on payment of full Excise Duty and brought to our central warehouse and from central warehouse, the materials are dispatched to various stores as well as sold to dealers.
- The stores has been taken on Rent and therefore are paying Service Tax on Rent besides on Advertisement, Professional Fees etc.
- Input Service defined as Services used for “Transportation and Storage up to the place of removal” besides all other cost used directly or indirectly incurred in relation to Manufacturing or clearance of goods upto the place of removal and several other charges.

Query:

- In the light of the above facts, we would like to know Whether we are eligible for Input Credit of service tax paid on various charges including Rent for Stores.

you can also reply the above to me at caharunansari@gmail.com/md.ansariharun@gmail.com

Hi Experts,
My friend have an annual income statement is given below,his income below Rs 200000.But he have short term capital gain from share trading.In such a case is he liable to pay tax.

Salary 120000
Capital gain(Short term) 30000

Regards
Rajesh

Our client has started a new project(Building Complex).We are capitalising all the expenditures incurred till now and thereby leaving the profit & loss statement blank.According to another CA the expenditures should be shown through P/L and do not leave it blank.What is the correct procedure?Plz answer with material arguments!

i had for incorporation of a company but later i was asked to resubmit moa and aoa because moa was incomplete so sir what should be the date on moa and aoa pages ?
whether it should be the date of earlier filing or date of resubmitting with ROC
PLEASE REPLY ON psvjain.associates@gmail.com

Hi all,

If a company has 3 segments and only one of the segment is subject to Cost Accounting Record Rules (CARR). Is it mandatory to disclose the Segment - wise Total revenue of the Company in the Compliance Report in XBRL form

Thnx & Rgds,
C.A. Neel S. Doshi

DEAR SIR/MADAM,

PLS TELL ME WHAT IS THE TREATMENT OF TAXATION FOR THE AMOUNT OF RS.9 LACS RECEIVED AT THE TIME OF RETIREMENT FROM PARTNERSHIP FIRM.

Sir,

I am a accountant of a pertnership firm , this year we have open one new shop as rent basis from previous shop user, previous shop owner take rs. 25 lakh as this shop,

please tell me how i can post this 25 lakh on account.

Mr. A died 20 years ago. Mr. A was having 4 sons and all have died. Now 6 grand sons of Mr. A are alive. Mr. A has left behind him a plot which was purchased in 1951. Now 6 grand sons are selling that plot. Now my question is whether the capital gain which would arise on the sale of above plot would be taxable in the individual capacity of all grand sons or in the HUF capacity of all grand sons ? Please clerify in detail.