A company registered on 17 January 2018, Started its business and opened Bank Accounts from 19 March 2018...do they required to get their Annual Accounts submitted to ROC. Thanks in advance

In November 2018 exam there was one question as under :
Mr. Ramesh promised to pay Rs. 50,000 to his wife Mrs. Lali so that she can spend the sum on her birthday. Mrs. Lali insisted her husband to make a written agreement if he really loved her. Mr. Ramesh made a written agreement and registered the agreement under the law.
Mr. Ramesh failed to pay the specified amount to his wife Mrs. Lali.
Now Mrs. Lali wants to file a suit against Mr. Ramesh and recover the promised amount. Referring to the applicable provisions of the Contract Act 1872, advise whether Mrs. Lali will succeed?

The suggested answer as posted on ICAI site shown the answer as under :
To create a valid contract, there must be an intention on the part of the parties to create legal relationship between them. In social agreements it is presumed that there is no intention to create legal relationship. So social or domestic types of agreements are not enforceable in court of law and hence they do not result into contracts.
In the given circumstances wife will not be able to recover the amount as it was a social agreement and the parties did not intend to create any legal relations.

Is this answer correct? Is there any relevance of section 25 of ICA which provides for exception to consideration - Out of natural love and affection, written registered agreement and close relation between the parties.

Please give answer with reason

Ours is a pvt ltd company. Directors are being paid remuneration as upon which TDS has been deducted. Now TDS Return has to be filed latest by 31st May 2019. Please let me know which form from the site of NSDL I should download.

In terms of order by addl commissioner gst service tax is determined as payable. our contention that services fall under pure agent is not accepted by service tax department

The order also asks to pay interest for delayed payment

My question is interest liability will start from which date ? from due date of payment as per ST3 or date on which service tax payment has been determined

Dear Sir/Madam,
We are a Body Corporate , Sponsorship received from unregistered dealers(Firm/BC/Individual)
So, what is the Impact of RCM on Sponsorship Services?
Suggest the GST Payment liability applies to Which person - ?

Can I claim tax rebate under section 89 for arrears without filling form 10-E, while e-filing ITR-1?

my customers purchased and also claimed input on the purchase. He also has a bill and a bilty and the payment has also been made from the bank.
But now their phones are coming from the department that either reverse input or go to jail but not issuing notice
And they are saying that these firms have these bills. These firms are bogas. Now what do we do to reverse input or go to appeal
What is the wrong way to tell the truth that the front firm has done it, what is our fault in it

Dear Expert

Kindly advise i have forgot to declare our Exempted sales details in the month of Dec-18 after reconciliation i got this mistake how to amend that column in March-19 return or shall i mention the amount of dec18 in march-19.

It is correct or any other method is there

Hi,

We have Received an order from Merchant Exporter for Supply of Goods. we have purchased raw material from Vendor specified by him. The Vendor has raised Tax Invoice to us. We have provided the Fished goods to Exporters in time.
Now, The Exporter has paid our Vendors for the Invoices which vendor has raised in our name. The Exporter has given us the Letter of Payment to Our Vendor against our Purchase Invoices and has deducted the amount due to us for the order.

can we pass the JV for the Tran section?
How to Show the same in GST ?
Is the same allowed according to Income tax Laws (We are a registered private limited Company)
kindly guide for the same ASAP
Gaurang

Sir there is sick cash credit account in our Bank. We trying to convert that into WCTL .But I do not know how to calculate sacrifice in case of converting CC into WCTL. Sir my second doubt is that the pre-restructuring rate is 12% and post restructuring rate is 10%. So while calculating PV of CC and WCTL ,which rate will be used in both.
Regards.