According to section 164 of Companies Act 2013" No person who is or has been a director of a company which—
(a) has not filed financial statements, or
annual returns for any continuous period of three financial years;"


We want to incorporate a private company in which there are three proposed Director who are promoters also,but after filling INC-1, It comes our notice that one promoter/proposed Director is disqualified because he has been a director of a company which not filled annual returns for more than three years.
Now my question is how we can rectify this mistake as we have given the name of aforesaid person as proposed director of proposed company.

Recently I had made an rectification of TDS Return of a firm. The assessee have made payment of interest on late payment which I while doing rectification added a separate column and mentioned amount in interest column and in Anexure against that challan I tagged the respective entry as per justification report with the amount and interest. After processing of that return the department raised demand on that amount which I tagged against the new challan of interest payment. Since, TDS have been paid on that amount thereby no payment of demand required. So now to vacate the demand I have to make rectification again. Therefore, while rectifying TDS return I have no option to delete the column. pls suggest to resolve this issue.

one of my client wanted to take the credit of cenvat form the purchase of the immovable property like admin office...he is a professional....he may be a ca or a doctor or an architect....
i think he can avail the cenvat for the purpose of service tax.. bu i am still in a dilemma please help...

Siddhartha

What is the procedure for changing registered office of Private Limited company with in same state and in same ROC?
what is the format of Special resolution?

i am confused a lot!!


companies act 2013 has been introduced so what effect will it have on ca final accounts paper.

i have read the notification but cannot understand what is the CHANGES CHAPTER SPECIFIC FOR NOV 2014 EXAM IN FINANCIAL REPORTING.

like i have taken tution from from praveen sir so what additional chapters do i have to read or what are the chapters which have become obsolete

kindly help frnds in deep doubt

thans a lot for answering.

Our company going to appoint Independent Director, and I want to know that limits up to which we can pay him remuneration.

and definition of Remuneration.

Hi

One of client sold the property in Aug-13, and before e-filing of his returns FY-13-14 he would like to open the capital gain ac to reduce the tax amount and further purchase of property in coming years.

but in that capital gain amount 25% nearly utilized to purchase of property in his spouse name. hence at present he has only 75 % nearly having capital gain funds with him.

my question is whether he can open the capital gain ac with 75% amounts or he need to be open with the 100% capital gain amount.

Please clarify.

Co-op Hsg Society has undertaken repairs for one of its buildings? Would works contract and service tax be applicable for such transactions? Also would WCT & Service Tax be applicable to Coop Hsg Socities and under which regulation?

We opened a FD account of rs.1.5 crore. Bank informed us that we cannot closed the FD within one month. SO,We opened OD of Rs.50 lakhs in same bank. after one month we closed the FD a/c, on which we received interest, bank deducted TDS on interest and also taken OD amount of Rs.50 lakhs. The remaining amount transferred in our CC account. Now, In which account group we create the accounts and how the Entry should be passed in Tally. Plz reply as early...

Proplem: ABC Ltd wants to transact with XYZ Ltd for a sum of Rs.15,00,000 and XYZ Ltd wants to transact with PQR Ltd. for a sum of Rs.15,00,000. Where as one Director of XYZ Ltd. is aslo a director in PQR Ltd. (i.e., Cover u/s 185 and 186). Now question is that : there is any voilation of law or panelty attraction and is there any disclosure requirement for ABC Ltd and PQR Ltd.