ABC Ltd. took loan worth Rs. 50 crores from bank against mortgage of property worth Rs. 100 crore. Company failed to repay the loan and interest. Bank issued notice under Sarfaesi Act and fixed a date. Company did not adhere to it. Bank has again issued a notice under the above Act and fixed a date which is yet to come. Company while sending annual results ended March and quaterly results ended June to the stock exchanges did not include above information in the results nor auditors were informed about above notices so they did not mention it in their report.

If a shareholder brings the above information to the knowledge of stock exchanges what action they can take against the company.

Sir,
SBI deducted TDS even after submission of Form-15H. After reporting Br. Manager of bank advised me to take refund through filing of Return . The FD was for five years and TDS was deducted for first two years. It has come to knowledge on maturity . Is it possible to claim refund of three years back and if not , where complaint can be lodged against bank for compensation for loss of interest . Then it will be an extra burden of cost for filing of return by Income-tax expert for consecutive two years.
with regards,
Sudhir saha

Hello Sir

Can we adjust commission paid to the broker for selling our property from the capital gain and if yes, does it mean that broker should issue us the receipt for the commission paid to him ? Thanks

Sir
Agriculture land was converted into commercial property
And sold
So it will be taxable under capital gain or business income

If it is capital gain ,exemption will be available under sec 54f for purchase/construction of residential property

Hello Friend

I have tried to validate the 24Q4 retrun through 3.3 rpu utility, but due to below error unable to validate the same.

Line No Record Type Statement Type Field Name Challan Details Record Number Deductee/ Salary Detail No. Error Code & Description
1 File Header NA NA - - T-FV-1039 Consolidated Hash does not match.

Kindly help me .
Regards
Prasad Moghe

Sir
I got a Notice u/s 139(9) of income tax Act 1961,Error Code 332 the letter description "Tax Payer has claimed gross receipt of income under the head "Profit and gain of business more than Rs.1 crore,however he has not filled balance sheet and profit and loss account and has not got the books of account audited. So my Question is that as an individual his turnover cross 1 Crore but profit shown in the return above 8% then there was not required to submit file audited,but Income tax department wants to get audit copy U/S 44AB, is it correct? if there is any other to came out this problem Please help me, and i wants to say that there is option if turn over exceed Rs.1 Corer and he show profit above 8% then it was not required to audited, and from starting of his filing, return file did not required to audited as per turn over limit, So, why Income tax department wants file audited,
Please........
Please........
Please........
Please......
Help me

sir/Mam,

I am filing refund RFD01, kindly help how to caculate adjust total turnover
Example
Export Sales 27
Inter State Sales 30(including tax)

Input Tax 18 Thousand
Less: 5 Thousand Tax adjusted in interstate sales
Total Input Tax 13 available

How to calculate adjusted turnover and how much amount refund to claim explain as per above example

Thanking you

Hi all, my quarry is while filling ADT -1 what is the date of Appointment to be filled in case of Appointment of Auditor due to the casual vacancy arises by resignation of previous auditor and New auditor is appointed by board at the board meeting on 26/10/2019 and approved by the members at the EGM on 29/11/2019 then which date is the date of Appointment ?

And When Form ADT-1 to be filed in the above case either after Board meeting or EGM ?

Hi sir, Query : GST cancellation process

I have Taken GST Registration on 07/09/2019 & till now I Have not Done any monthly Returns and Now i want Cancel my GST Registration.. But there is some around 20000/- Input Available in fy 2019-20 ...What to do sir ???? please Tell me the cancellation process & total Penalty ,Interest , late filing fee & is there any cancellation charges ...??? please do the needful sir Thanks in Advance
Madhu M

Assess joint loan amount rs:30 lacs from bank(15+15).One Assess bank loan repayment rs:30 lacs( own 15 lacs +15 lacs brother)
Question:
Assess joint loan repayment one person paid accounting treatment in books.