ARUN KUMAR MAITRA
20 September 2013 at 14:27

Section 372a

A Ltd (holding and Listed company ) have 100% wholly owned subsidiary i.e.B Ltd (NBFC) & C Ltd.
C Ltd have D Ltd a 100 % wholly owned subsidiary.D Ltd have E Ltd a 100 % wholly owned subsidiary.
Now E Ltd have come to B Ltd(NBFC) for taking loan of Rs.75 Cr. against commodity as security.
Now considering the Section 372A of Company Act;whether B Ltd(NBFC) can grant loan to the E Ltd and if so,
what would be the compliance requirement?


CA Himanshu Sharma
20 September 2013 at 14:22

Cop

Dear sir/mem
I am member of ICAI, my enrollment date is 26/07/2012 and I have full time COP
but till now I have not registered my office in ICAI.
Can i give articalship to any student



Anonymous
20 September 2013 at 14:21

Rent collector

A propreitorship acts as mediator for rent collection which collects rent from parties in a building and gives it to landlord after TDS. Whose name should the single parties deduct tax and does service tax registration apply to the mediator? TDS made by the mediator.



Anonymous
20 September 2013 at 14:18

Section 43b income tax act, 1961

Contribution to E.S.I.C = Rs. 43000,
[43000 include=15000(employee)+ 28000 (employer)]
Contribution paid on 26.04.2013 then what amount should be reported for FY 12-13 in TAx Audit Report clause: 21, for payment before due date: 1> 28000 or 2> 43000(whole).

(Acc to Act's explaination any payment made by assessee as an employer has to be reported)

so does it include employee's contribution also or only employer's contribution for reporting in Tax Audit Report.



Anonymous
20 September 2013 at 14:11

Sale of urban agricultural land

FACTS
1. agreement to sale done in 2011
2. sale consideration received in 2013
3. the buyer used the asset for commercial purpose
4. sale deed not yet happened

Queries:
1. will it be treated as sale of agricultural land or sale of commercial land?
2. what will be the date of transfer?



Anonymous
20 September 2013 at 14:00

Ca not signing form 112

sir i am a newly quaified chartered accountant during my training i pursued pvt m.com now the institiute is asking for form 112. but my principlal is not signing form 112.please suggest any other solution plz



Anonymous
20 September 2013 at 13:51

Loan in wife's name & income on my pan

Dear All,

In case of an assessee,the vehicle loan is taken in name of his wife whereas the contract charges received on running the vehicle is recorded under his PAN.

How to show this in income tax return?


ANZAR ALI
20 September 2013 at 13:46

Tds deduction

If rent paid above 180,000 then there is liability to deduct tax but has not been deducted by assessee.

Can anyone explain what is the status of deductor to deduct tax.

IT means same rule applicable for Audited persons whether may be...
company
firms
trust/samittee

Am i right .....

Hoping your early reply


Goongan
20 September 2013 at 13:41

Tds due date march 13

Dear All,
Whether due date for TDS for the month of March 13, in case of Indian Oil Corporation is 7th of April 2013.


ravi kumar
20 September 2013 at 13:39

Articleship

Respected sir,
iam kumar compeleted 10 months article period and i had took termination and wasted 3 months period for to join in new firm
my ca final attempt was may 2015, i wasted 3 months.
so, my i loss may 2015 attempt are not plz give rply.... Iam waiting....






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