Loan to a closely held co. to the extend of reserves is taxable as deemed dividend in the hands of recepient. My query is whether in case where reserves consists of only share premium and no ther profit can loan given be added as deemed dividend.

Loan to a closely held co. to the extend of reserves is taxable as deemed dividend in the hands of recepient. My query is whether in case where reserves consists of only share premium and no ther profit can loan given be added as deemed dividend.

Loan to a closely held co. to the extend of reserves is taxable as deemed dividend in the hands of recepient. My query is whether in case where reserves consists of only share premium and no ther profit can loan given be added as deemed dividend.

DEAR ALL,

CAN A SSI UNIT CAN TAKE CENVAT CREDIT IF HE REGISTERED WITH THE EXCISE DEPARTMENT AND TAKING ADVANTAGE OF 150 LACS TURNOVER.

IF HE IMPORT RAW MATERIAL, THEN USED SUCH AMOUNT FOR PAYMENT OF ADDITIONAL DUTY?

PLS CLERIFY THE SAME .........

my doubt is that

In context of working capital management finished goods stock is calculated on the basis of cost of goods sold. and cost of goods sold comes out after adding administration costs to factory cost but if in the question there already given abt the sales and gross profit % . then there cost of goods sold would be sales less GP .

as one have two ways to calculate cost of goods sold. So how should i deal????

THERE ARE SOME SHARES IN THE NAME OF COMPANY . AFTER SELLING THE SHARES LOSS HAS OCCURED . IS THIS LOSS IS ALLOWED OR DISALLOWED AS PER INCOME TAX

Hi Sir
I want to Know what all things a Private Ltd company has to do w.r.t Income Tax Dept & ROC yearly.

a person has one motor car & he earns income by hiring out that car then in such a case such income will be shown in income from other sources?
if this is true & that person has one proprietory buisness also then the dep. on that car will be added in drawing?

If TDS is not deducted on payment of certain expenditure within prescribed time in sec.40a though the expenses at the end of the year is not debited to the P & L A/c

Whether it will be disallowed u/s 40a OR just a default in Chepter 17B and Sec.200(1)???

For change in name of the firm, form II needs to be filed , is there any attachments required? should we alter the existing deed or new deed has to be drafted ? If alteration is permitted, does it need to be attested? Kindly reply