Isen Oommen
31 October 2020 at 15:47

Selling my comapny

I have a small company whose paid-up capital is 13.5 laks. The company was incorporated in 1997.
It was a member of the erstwhile Cochin stock exchange.
Now the Stock Exchange is not trading independently so members became authorized persons.
The company has a carried forward loss of around 3 lakhs .
The company can still trade with Cochin stock brokers ltd
How can I sell this company
Your advise


nitin
31 October 2020 at 15:06

Party name change in Sale bill

Dear Experts,
we had generated the sale invoice of our party in 1st week this month with amt. above 1 lac. Eway bill generated. Now party is saying to change their party name in sale invoice with thier 2nd unit which has different name and gst no. in same state.
my query is that what should we do now?? because we cannot do any change in sale bill because Eway Bill generated. so please give your suggestion on this issue. thanks in advance.


Pradeep Kumar
31 October 2020 at 14:37

Section 54

Hello,
For the purpose of section 54 (to save LTCG tax), can I reinvest in a residential property which is under construction?
Or do I must only invest in a residential property which is ready to move in.

Appreciate your response!

Thanks, Pradeep


Mugdha
31 October 2020 at 12:27

Show cause notice very urgent

Dear Experts,
We have received notice for cancellation of GST number form g Reg-17 due to non filing of return . we have filed all pending return with payment of late fees. But we have not replied still on notice that we have received on gst portal . does it mandatory to reply on notices


P.Madhivadhanan
31 October 2020 at 11:52

DIVIDEND TAXATION

hDFC BALANCED ADVANTAGE FUND - REGULAR PLAN - DIVIDEND IS TAXABLE. aSSSEESSEE REGULARLY GOT 13831 AS MONTHLY INCOME .


raghavendra b
31 October 2020 at 09:57

DEBIT BALANCE SUNDRY CREDITORS

DEAR SIR,

SOME INVOICES ARE MISSED FOR PREVIOUS YEAR ACCOUNTING. NOW MY QUERY IS OUR SUNDRY CREDITORS BALANCE IS SHOWING DEBIT BALANCE I HAVE CARRY FORWARD THE BALANCE FOR CURRENT YEAR PAYMENTS ARE MADE FOR THOSE INVOICES. CAN I SHOW DEBIT BALANCE IN THE LEDGER. IS THERE IS ANY PROBLEM PLEASE NOTE THAT ALL THOSE INVOICES ARE EXEMPTED GOODS CAN WE TAKE TO ACCOUNT FOR THIS MONTH OF OCTOBER 2020.

REGARDS


RP Mohanty

SirThere is a Pvt company whose GSTN is cancelled suo-moto during 2019, since its business is not running. They want to close the company now. What should be the procedure for company closure in connection with GSTN & its implications.


Daya
30 October 2020 at 23:44

IGST Input on bank charges

My company is in Delhi while bank is situated in Haryana
Bank is charging IGST , Can i claim IGST input.


a k

Dear Experts,

Seeking expert opinion on the following issue:

Our is a Pvt Ltd Company belonging to an Italian Group. The group Company is into the business of installing elevators worldwide exporting elevators from Italian production facility. We are also starting importing elevators into India. My question is " If we can sell our product to Indian Individuals directly ?? I have heard we need to introduce an invoicing partner, a pvt ltd company which purchase from us and sold it to INDIVIDUALS!! Is it correct? Please provide specific law/case to support that arrangements.
I will be highly obliged.
Thanks


Gautam
30 October 2020 at 17:40

Loan Processing fees Capitalize or not

Rs.2,83,562 bank loan processing fees and RS.5,49,361 Bank CGTMSE Scheme fees paid in February,2020 for loan of purchase of plan and machinery but plant and machinery put to use in July,2020.
So whether Processing fees and cgtmse fees capitalized or not?





CCI Pro
Meet our CAclubindia PRO Members


Follow us



Answer Query