lalit
10 August 2021 at 16:16

Loan from Private Family Trust

Can a Private limited company having share capital take a loan from a Private Family Trust ?

Please advise .......................................


Rahul Singh
10 August 2021 at 15:58

Gst on preferential location charges

can developer charge gst on preferential location charges for ready to move property? in case property gets cancelled after possession (but not registered) then can gst gets refunded by government?


kiran

The query is: As per Companies Act if IND AS are made applicable to parent company then they are compulsorily applicable to subsidiary and associates also. But the criteria to decide whether a company is subsidiary/associate as per companies act is share holding, whereas as per IND AS 110 the criteria is wide which defines power & control.
Now, if a company does not meet the criteria to become subsidiary/associate as per companies act but the same company comes under definition of subsidiary/associate as per the conditions in IND AS 110.
Which will prevail then? Whether the said company has to maintain it's books as per IND AS?
If not, whether it has to prepare its financial statements as per IND AS for the purpose of Consolidated Financial Statements of Parent company?
Please help with appropriate references.


UnaDavidson
10 August 2021 at 14:40

supplements and nutrition foods

You can get more info about medical supplements and nutrition foods on medicalweightlosslehighvalley.com. It's important to note that you need to research and get a bit of advice from a doctor before taking any supplement. Some of them are beneficial for your health, while others can cause you health issues. An important thing to note is that nutrition food, energy drinks, or supplements won't help you with you are not changing your diet. They are working only in the case you have a balanced diet and are avoiding junk foods!


VIJAY
10 August 2021 at 13:06

GST in invoice

hi
we have a vendor in chennai, where we have done 1 veh service for which vendor has generated invoice
charging SGST and CGST for material used during veh service and for labour charges he used IGST in the same invoice was it correct.


CS Divesh Goyal
10 August 2021 at 12:58

Additional Fees on MGT-7

Hello Everyone,

A Query under Section 92 of Companies Act, 2013.

a) Due date of AGM was 31.12.2020
b) Company hold AGM on 08.08.2021 (After due date)
c) Company filing MGT-7 on 10.08.2021 (within 60 days of AGM)

*MCA charging additional fees on the same w.e.f. 31.12.2020. Whether it is correct or not?*

Bcoz, as per section 92 Company have to file MGT-7 within 60 days of AGM. My AGM was held on 08.08.2021 and form filing within 60 days. Why MCA charging additional fees on the same.


raghavendra b
10 August 2021 at 12:49

TDS U/S 194LA UNDER INCOME TAX ACT

DEAR SIR,

COMPENSATION RECEIVED FROM COMPULSORY ACQUISITIO OF IMMOVEBALE PROPERY TDS U/S 194LA IS
TAXABLE OR NON TAXABLE CAN WE CLAIM TDS DEDUCTED U/S 194LA, IS EXEMPTED FROM INCOME TAX

REGARDS


Sujai

Dear Sir/Madam,

I have a query , i have made a sale of car having less than 13 seating capacity, also firm is dealing with manufacturing business, is there any gst applicability for the sale of car

Kindly Guide Me.

With Best Regards

Sujai


Kollipara Sundaraiah

Sir,
Sec 44ad it returns filed person cash loan to debtor rs:10 lacs amount through on cash mode pay in f.y.19-20 .if assess this Loan pay amount transaction mistake not show in books and it returns.
Question:
Assess above transactions show procedure in books and it returns in f.y.20-21


ashish marwah
10 August 2021 at 10:44

CASH DEPOSIT IN SAVINGS ACCOUNT

Hi. I am writing this on behalf of my mother. My mother is a pensioner and she purchased one property in the year 2011 without my knowledge. That property was based upon power of attorney and full cash payment 11.50 lacs approx. Frankly speaking it was some fraudster who cheated her and sold some very bad property in very bad location in Delhi at very high price. Some how i came to know later and we could not sold the property for 10 years. Now recently again i came to know that the property was sold without my knowledge in F.Y 20-21.My mother sold the property in cash @ 8 lacs . and deposited the 6.86 lacs in her savings account . I have already filed the ITR on behalf of my mother this year but did not show the cash deposit. What should I do in this case. Should I file revised ITR and pay the tax by the way its a loss making transaction and I cannot show the property transaction. What source should I mention in the ITR. She has been filling the ITR since 6 to 7 years .Please help






CCI Pro
Meet our CAclubindia PRO Members

Follow us



Answer Query