Sanchi Desai
28 January 2019 at 15:37

Hsn code for customised gifts

What HSN Code should be used by a person supplying customized gifts items like watches,T-shirts, Diaries,Phone Covers,etc.


Pradeep Gupta

What to do if time limit of 20 Days For incorporation of Company is expired. Do I have any option for applying for time extension, or Need to Use RUN utility again. And if anyone have format of letter of condonation of delay which I should use while applying for extension or run utility.


sidhigiri
28 January 2019 at 14:34

Inc20a mca

A company was incorporated on 15 Jan 2019 with 10000 paid up share capital having 2 share holder (rs 5000 each share capital)

now on 20 Jan 1 shareholder open company's bank account with Rs 20000  now INC 20A said that no Company can exercise borrowing if INC 20 A is not filed.

 now how to treat the 10000 excess deposited in the company bank account?


Shyam
28 January 2019 at 14:13

Itr

Sir, in my 26AS of FY 2016-17, one of the deductor wrongly filed an income of 52 lacs under my PAN as professional fees and the same was reversed by filling rectification tds return. After filling of my itr of 2016-17, Income tax department raised query why income of 52 lacs under professional fees is not declared. I replied online stating the above error by deductor but they are NOTagreeing. Please help. Agrawal


JUNED SAIFI

DEAR EXPERT,
THERE WAS A CHARGE OF 7450000 REGISTED ON MCA
COMPANY ENHANCED THE CC TO 9950000
BUT I WRONGLY CREATED A NEW CHARGE OF 9950000 INSTEAD OF MODIFYING THE EXISTING CHARGE OF 7450000
PLEASE SUGGEST ME WHAT ACTION SHOULD BE TAKEN IN THIS REGARD
THANK YOU


Prajakta Potdar
28 January 2019 at 12:22

Applicability of gst

We are a statutory body constituted under Advocate Act 1961. It is not a profit making institution. It functions as per section 6 of Advocate Act 1961.

Further income of statutory body is exempted from income tax under section 10(23A) and also under section 11
of Income tax act 1961 as per the judgement of Supreme Court dated 22.04.1981 and Government notification dated 05.08.1966 w.e.f. 28.12.1961.

We were not applicable for service tax also earlier. Whether GST will be applicable to us or not?


Brijesh

Dear Experts,

Suppose "Company A "(A PVT LTD Company) have taken Loan from "Company B" now the Company A wants to transfer the outstanding loan amount to "Company C"(With the Approval of Company B) so in this case do the "Company A" needs to take approval of Shareholder for transfer of Loan from "Company B" To "Company C".

Please provide your Valuable Suggestions.


Mitrabhanu satapathy
28 January 2019 at 10:53

Claiming of itc

Recently i got to know from an article that, govt is significantly losing it's revenue on GST because of fake claiming of ITC by the vendor through preparation of fake invoices. My question is that, how could someone claim ITC by showing fake invoices, as we know that whatever we purchased from a registered supplier it is auto populated in GSTR -2A and according to which we can able to claim our ITC on inputs.


CS Vasudev Sharma
28 January 2019 at 09:12

Inc 20a

Does the Company already incorporated under Companies Act, 2013 needs to be file this form. Company is in operation since 2011. Is each and every company needs to file this form.

Thanks


Prajna Das
28 January 2019 at 01:59

Finance

I'm currently completed my CMA INTER after completing MBA(FINANCE). I want to do some extra courses with this which will expand my expertise and knowledge territory. Later which will help me to work on more wider job prospects. I'm interested to work on transfer pricing. Kindly suggest some more career aspects and courses to work on international level.
REGARDS,
PRAJNA





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query