A co. having a share capital of rs. 1 lac has loans from directors and their relatives for Rs 25 lacs on 31.03.2012. After that the co. did no operations. No filing etc . Now the co wants to start operations.
As per companies act,2013, a special resolution should have been filed till 31.3.2015. Exemption was given on 5.6.2015.
But the co has not filed any resolution so far.

Now as per companies act, 2013, is there going to be any contravention of the act regarding the loans?
Can the co. Continue with these loans?
Sir plz answer...

Please help me in clarifying on service tax calculation for construction of a house in my owned land.

I have a DTCP approved land on Chennai Suburb and i want to construct a house with built up area of 1482 sqft (GF+1 villa type for self occupation). When approached a builder, he calculated service tax as follows:

[Built up area+ Building plan approval+ EB charges+ Compund wall+ Extra filling work] *40%*15%

Is it true that service tax will be calculated @ 40%*15% from the components mentioned above. If not, how should the actual calculation should be.

Thanks in advance.

Dear AllIn the recently concluded Ca final exams, i secured 14 marks in Ama (i too am shocked by this)Costing was traditionally my weak subject.Due to my repeated failures in Ca final, I was contemplating to take up Certified Management Accountant course (US),due to the relative ease and quicker course period.But my apprehension is due to my costing weakness.Please advise if I should further venture in this.

my client is engaged in fashion designing.
manufacturing cloths and selling the same product
engaged in exhibition also what is vat rate applicable???

Dear Expets, One of our client is about to start spa training services in which they are going to issue a certificate for completion of a course. Do they need any special permission from govt authority or any other authority..? or required to get register under any other laws excluding service tax...?

MY FRIEND HAVE GIVEN ME RS. FIVE LAKH LOAN THROUGH CHEQUE .
CAN I RETURN THIS AMOUNT HIM IN CASH IN ONE TIME OR IN MANY INSTALLMENT OF LESS THAN RS. 20000 ?

Dear Sir,

One of our assesse is having income from two different businesses. As he is maintaining books only for one business now my query is, can he file his IT return with both the cases i.e. with maintenance of books of accounts and non maintenance of books of accounts
Please give me the right solution in filling of IT return

Dear Professionals,

Can anyone please provide me the procedure for normalising a dormant company.
In my case the Company has not filed accounts since 1997 and wanting to file the same and complete the pending annual filings till date.
However the company is dormant and view signatory details on MCA is also showing the following error - The Company has made default in filing DIN 3 / DIR 12.
I want to change the status of the Company from dormant to active and complete the filing formalities, what should I do????

Thanks and Regards

I made advance payment of Rs. 740000/- as interest free unsecured loan in F.Y. 2015-16 (Note: F.Y. 2014-15 is not audited u/s 44AB). I adjusted such amount for job work expenses in Qtr-3 (F.Y.2016-17). Now should I deduct TDS in Qtr-1 or Qtr-3 of F.Y. 2016-17 ?

kindly help me wheather gift received by member from HUF is taxable or not