Rahul
22 April 2014 at 16:21

Goods in transit

Company have import goods but on 31st march 2014 goods in sea (in transit) how can its account treatment in books of account


Hemant Medatwal
22 April 2014 at 16:17

Which itr form to use?

for Assessment year 2014-15 i have Equity shares intraday trading profit & STCG/STCL.... can u pls let me know which ITR to be filled up through e filing?

thnx


Daga

Under Section 164(2), Directors are required to give written representation of non-applicability of disqualifications as provided in 164(2) to Companies (which is equivalent to S.274(1)(g)'s declaration under CA, 1956) The format of such declaration u/s 164(2)is not provided in the final rules yet.
Chapter XI, Rule 14 says "Every director shall inform to the company concerned about his disqualification under sub-section (2) of section 164, if any, in Form DIR-8 before he is appointed or re-appointed."
MCA's Circular No.General Circular no 6/2014 dated 28.03.2014 states that DIR-8 is for-Particulars of appointment of directors and the key managerial personnel and the changes among them.
In view of the above, can someone pls clarify that what will be format for giving the declaration u/s 164(2)? and whether such declaration is to be given by Director only at the event of Appointment/Re-appointment and not yearly?


Mohd Sarfaraz Latibani
22 April 2014 at 15:49

New pvt ltd co. registration

Dear Sir,

Is it true that we cannot create a new Private Limited Company till 28th April 2014, as some forms are going to change.

Thanks


Rahul Sharma

As per Honorable HC order - Supertech has been asked to demolish its 2 40 floor towers in Noida and asked the builder to give 14% interest.

Now assuming someone made a down payment in 2009 for 40 Lakhs using 30 Lakh Bank loan .. his compounded interest would be around 30 Lakhs.

Now My question is -- Will this income come under interest income and be taxable considering below points-

1) This is forced refund to buyers with 14% interest which is much lower than market rate of the flat in that area
2) The buyer has already been paying 10% interest on the home loan
3) The buyer will invest the money in a new property as soon as he gets it

Your advise will be appreciated here



Anonymous

Any body tell us requirement of company secretary in pvt. ltd. as per co. law 2013, and compliance certificate u/s 83 as per co. 1956 continue or any changes


Suraj Singh



Dear Sir,

A Private Limited Company is having its branches at different location(in different states) and the same company is also registered under Service Tax Act

Bills/Invoice are being issued/raised from those different locations.

Now my question is
1) Whether the company can raised bills from different locations(in different states) under one Single Service Tax Number?

2) Whether the Company has to apply for different service tax number for the different branches(in different states)?

What are the provisions for the company in the above cases?

Thanks in advance


GIRISH SUDHAKAR PARWATKAR
22 April 2014 at 15:30

Income tax penalty

Non filing or Late filing of income tax returns the penalty under section 271f is imposed by the officer. The question is that for this payment which challan should be filled up because for online payments the e-challans reflected only 281/282/283 and 280. please guide me.


Anil Singh Baratwal
22 April 2014 at 15:29

Tds

Dear Sir,
194I is by Bifurcated in two i.e. 194a and 194b. please tell me 194a is applicable for what ant 194b is for what.


Shaikh Mujahid

Can any one tell me whether in case of works contract using ratio 70-30, the material cost which is 70 % will be added for calculation of T.O.(for payment of tax on receipt basis). The dealer is not composition dealer.





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