R/Sir,

We are manufacturer of PAPER BAGS & not Registered in Excise. Our annual turnover of PAPER BAGS is less 130 Lacs. But now we have some order for sale of Paper Reels, which is our Raw Material. We also want to do TRADING of Paper from our firm WITHOUT ANY CHANGE IN PAPER.

We want to Know that our sale of Trading of Paper will be also including in exemption limit of 150 Lacs OR NOT.

IF WE CAN DO TRADING, PLEASE TELL US THAT THE SEPARATE BILL BOOK WILL BE NEEDED OR NOT.

Please reply.

Thanks in Advacnce.

It has been stated in Chapter XII of the Companies Act 2013 that for the purposes of sub-section (1) of section 184, every director shall disclose his concern or interest in any company or companies or bodies corporate (including "shareholding interest"), firms or other association of individuals, by giving a notice in writing in Form No. 12.1.

Has Form No.12.1 notified? If so, plz share a format of the same.

Hii..I have already submitted hard copy of my CA final exam for May14 form without office seal of CA ( i.e. only signature, name and M.No.). is there any problem with that, as this time it is clearly mentioned in PDF that signature must be accompained with office seal. please suggest what should I do now?

What are the benefits for incorporating an Private limited company instead of Proprietorship and Partnership firms?


Please reply urgent....

One of our client who is a private limited company wants to raise funds through unsecured debentures/ deposit from public.

What are the rule regulation for the same.?
Can Unsecured Non Convertible Debentures be issued?

hiiii sir,
Please tell me if i don't know a client date of birth so how we are find....dob birth for required for income tax registration....

Dear all,

I have one partnership firm formed with effect from 01.04.2011 and has been allotted PAN by IT department, but i have not filed any return of my firm till now as there was no income in it.

Now all the partners want to regulrise the same.

What is the suitable course of action to be followed.

Please give your valuable suggestions.

A pvt ltd is having 3 shareholders viz A, B & C. In Feb ,2014 B died. Transmission of shares takes place in April, 2014. In the Balance Sheet,whether B'S name will be disclosed in the list of shareholders or his legal heir name?
As the procedure of transmission takes time.
Reply

An employee of a company wants to claim full housing loan interest deduction Rs. 450000 paid by him as an interest, saying that the rental income is 10000 per month from the property. As an employer,how can a company consider it as the employee didn't provide any proof regarding income. How can employer decide the rental income.

Whether cash paid as loan to an employee in excess of Rs. 20,000/- will attract disallowance u/s. 40a(3) of income tax act?