Kindly answer my following two querries:
1) Articles of Association of XYZ Pvt. Ltd. contains provision to hold one Board Meeting every month. If for any month, Company fails to hold a Board Meeting, then what would be the legal consequenses?
2) What is the legal penalty to the Company, if it violets the provision of its Articles of Association?

Dear Sir,



Kindly advice on the Computation of the Deferred Tax for the following case:

Particulars

Amount (Rs.)

Profit as per Profit & Loss Account
790.00

Add: Depreciation under Companies Act
25,069.00

Less: Depreciation under Income Tax Act
59,904.00

Taxable Income
(-) 34,045.00

M A T under Section 115 J B


Profit as per Profit & Loss Account
790.00

Adjustments
NIL

Book Profit
790.00

M A T @ 10.30%
81.00








What would be the Deferred Tax for the year?



Thanking you.

Yours truly,

Srikanta Adhikary

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