In e-form INC 21, particulars of stamp duty payment has to be filled in clause 5. In case of private limited company, which amount has to be filled up the said column,ie., stamp duty paid at the time of incorporation or zero should be filled in.

Dear Learned Members,
Mr. A is a relative of a Director of a Private Company, PQR Pvt Ltd. Mr. A has given a loan of Rs. 1 Crore to the Company at different dates but all before 1st April, 2014. As per the Companies Act, 2013 all loans given by a Shareholder or a relative of a director to a Private Limited Company before 1st April, 2014 would now be treated as deposits and has to be repaid back within 1 year from the date of the commencement of the act (i.e., 1st April, 2014) or the due date of the loan whichever is earlier.

Mr. A is now appointed as a director of PQR Pvt Ltd (post 01.04.2014) and as a director gives a loan to the Company of Rs. 2 Crore by which the Company repay his amount of Rs. 1 croreback to him for the loans taken previously from him (now being treated as deposits).

Request you to guide me whether such arrangement is possible.

Thanks & Regards,
K C Palai

apart from CS, Cwa, Mba what course should i go with along with CA which can give sm meaningful return in future. Presently i am on inter level having huge interest in taxation &Finance field.Advice me..Thankyou

dear sir,

our service provider(contractor) is raising bill on us for servicing of motor car inclusive of spare parts cost & labour charges also.

my query is whether tds u/c 194 c is to be deducted on full bill amount or labour charges only.

please explain
thanks & regards

I have taken housing loan during last Jun-13 for purchase of new house, paid Interest around 3 lakh for FY 2013-14. The house property was vacant till end of Nov-13 and let-out Dec-13 onwards. I need to understand how much Interest I can calim as deduction for FY 2013-14 and how much Rental Income is to be taxable.

Dear sir,

My client is earning salary for four month.and remaining 8 month he was working as a consultant.so tds was deducted u/s 194 j.Now I have to file return . my quary is can I file ITR 1 or ITR 4.becasue he he working as a consultant in F.Y 2014-15 also

Hello,
I have a pvt ltd company... We deal as sub brokers, I have around 12 to 13 lac as pending dues from client(as debtors in b/s) that is not going to be recovered...
Can I adjust this debtors against unsecured loans(loan taken from family members?

We suggest

permissable expenses means

whether each establishment to which the EPF AND MISCELLANEOUS PROVISIONS ACT is applicable required to establish separate fund as per the EMPLOYEES PROVIDENT FUND SCHEME 1952,or there exist any common provident fund for all establishments?

Dear Sir
I am partner in developer firm. We have constructing one building. During the financial year 2013-14 construction of building was not complete.Now we want to pay interest on partners capital & paid regular expenses like salaries to staff for FY 2013-14. Now my question is that whatever expenses incurred during FY 2013-14 like interest, salary should be debited to the profit and loss account or it should be added to the cost of the building like cement steel and show as stock in hand ???