sir,
one of my friend has only income from business and he has loan from single house property.
let's me know whether he can set deduction this tax amount from business income to interest from house property and this principal loan amount.
with regards
Binu
One event management company taken services from registered dealer for use in exhibition business, can company take ITC on availed services?
We are two directors of a newly incorporated company currently completing post-incorporation compliance, including INC-22A. Our paid-up capital is ₹50,000, contributed equally in a 1:1 ratio, i.e., ₹25,000 each. For convenience, one director issued a cheque for ₹50,000 to the bank, while the other director transferred their share of ₹25,000 to the director who issued the cheque.
How can we document this arrangement to prove that both directors contributed equally to the paid-up capital? Is the solution of providing bank statements and a declaration sufficient to meet compliance and legal requirements under the Companies Act, 2013?
We would appreciate your guidance on this matter to ensure proper documentation for post-incorporation filings.
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