Manju
21 September 2013 at 12:37

Moa & aoa as per new companies act, 2013

Dear Experts,

Is there any change in the procedure to incorporate a Private Limited Company as per new companies Act? Is there any change in the documents and format of MOA & AOA as per new companies act and ROC fees as well?

Thanks in Advnace


Mahalingeswar Senapati
21 September 2013 at 12:22

Reverse charge mechanism

Dear Sir,

under Reverse Charge Mechanism Notification Sl. No. 8 Supply of man power for any purpose or Security Services (75%/25%). In this category service provider are such as Individuals,HUF,Partnership firm & Association of persons (AOP).

My query is whether Private Limited Co. is coming under Association of Persons (AOP) or NOT ?

kindly solve my problem

Thank U



Anonymous
21 September 2013 at 12:20

Cash paid more than rs.20000

In a construction Company Labour charges paid weekly for the labourers.

For Eg:- In costruction site 20 labourers are working, each labourer charges Rs.300 per day , So weekly total = 20*300*6 days = RS.36000. This amount being paid to one among the workers to be distributed to workers..

Whether 40A(3) is applicable in this case ??



Anonymous
21 September 2013 at 12:08

Relief u/s 89

Please give advise on relief u/s 89 . I have recieved arrears on salary since 1999-2000 financial year to 2012-2013 Rs.1238140 / - as on Financial Year 2013-2014 . So What amount of Tax Charged on this income.



Anonymous
21 September 2013 at 12:06

Valuation of closing stock

I Want to know ,
whether vat is includable in valuation of closing stock? plz clrfy my doubt



Anonymous
21 September 2013 at 12:04

Levy of penalty u/s 271(1)(c)

While filing the Income tax return, due to different opinions received on the taxability of loss on Commodity trading through exchange, the same was claimed as a loss and adjusted with the business income of the assessee. However to play safe and insulate myself from interest etc, in case if the same is selected for scrutiny and disallowed the advance tax, etc was paid on the business income without considering the loss.

The case was selected for scrutiny, the ITO disallowed the loss claim saying that the loss has no connection with the normal business. I did not go in appeal on the disallowance to avoid unneccesay litigation and expenses. But the ITO levied penalty saying that you have concealed income U/S 271. Thus inspite of paying taxes on the income, a demand has arised due to levy of peanlty.

My query is whether the penalty can be appealed and chances of getting the releif, if so, can any of the experts give reference of any case laws/ judgement etc, favouring the assessee's appeal that can be quoted.

I will be very much obliged, if any information can be given in this matter


pavankumar
21 September 2013 at 11:54

Basic query in accounting

Q1)Whether following are Capital Expenditure or revenue Expenditure?
1)Cash paid to creditors
Bills payable paid
Q2)Whether following items are Revenue receipts or Capital Receipts?
1)Collection from Debtors
2)Bills Receivable Honoured.

I will be very much thankful to u.



Anonymous
21 September 2013 at 11:46

Company section25

Hi friends

My query " is it possible that the directors of the company section 25 to become president and vice president appoint in the company section 25?

if is it possible please tell me the procedure for the same.

Regards


binal salot
21 September 2013 at 11:39

Form 23b filing

HELLO,

I want to ask that if AGM of the PRivate ltd co. as per its annual return is held on 8th October 2012 and i am filing form 23B today than i have to pay additional fees for filing of the form because appointment of auditor is made in AGM held last.
So is there any way out to avoid the additional fees for filing of Form 23B.
Pls reply urgently.
I am filing 23B for F.Y.2012-13.
Thanks in advance


kedar
21 September 2013 at 11:30

Revised schedule vi.

pls help me about revised schedule vi applicable for ipcc students.






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