A company is registered in the year 2005 and filled annual returns till the year 2010. The company is not carrying any operation. Following are the queries in this regard:-
1.What is the process for dissolution of company?
2.Is there any difference between dissolution of company and strike off of name of company
3. Can the name of company be strike of by filling STK-2? Will there be any problem as company has not filled annual returns from the year 2011 to the year 2016.
Dear All An automobile workshop company provides AMC facility to its customer. The company charges an anuual fee from customer and provides free of cost services to its customers. The customer paid fees for the period Feb 1, 2017 to Jan 31, 2018. Books are closed on March 31 every year.
Questions:
1. Should the company recongnise the income for only 2 months during FY 2016-17 and treat the amount received for another 10 months as deferred income?
2. How should the billing for free of cost services be done in the books and how should the accounting entries be passed?
Any help in this regard is highly appreciated. Thanks
Dear sir one of my client receive a mail from IT department for depositing ₹ 800000 in CC A/c from 9.11.16 to 31.12.16. The cc limit is ₹ 10 lacs. The amount deposited cc a/c is ₹ 5lacs which are previously withdraw from cc a/c or utilising of cc facilities and other 3 lacs are received from various customer please suggest me how I should deal with notice of income tax.
What's are the measures to be taken if a private limited company paid up capital is 10crs and above
In Sec 44AB(a), the clause mentions that whenever the sales, turnover or gross receipts 'exceed or exceeds' Rs.2 crore whereas in clause (b),the gross receipts from profession should 'exceed' Rs 50 lakhs.Why is it 'exceed or exceeds' for business and only 'exceed' for profession..Thank you.
dear sir
one of my client is making payment to a customer in UK ( no PE in india) towards advertisement expenses (banner campaign). Whether tds has to be deducted or not
What is the procedure for issue of ESOP under companies act 2013? Whether any forms need to be uploaded at mca site as there is increase in share capital also is every time when ever ESOP is issue valuation has to be done?
I have my IPCC Group 1 exam this may and I want to know the amendment in AS relevant for that exam.
Dear sir,
I was filing ITR by using Java utility n by mistake I selected the wrong assessment yr(A.Y.15-16) in place of 16-17 .. n return is processed also.n demand is determined due to TDS..
What should I do??
Can it will be solved by online rectification request and by filing new return of A.Y 16-17?
hello, Sir our hotel works as LLP, in MP, pays commission to Make My Trip and Goibibo etc on hotel booking. I receive bill for the commission plus service tax which is 15℅ with no abatement as per amended provisions. My query is whether I need to deduct TDS and if yes under which section and at which rate. (194-c, 194-H, and what will be the exemption limit) please guide
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Dissolution of company