Company A and company B are under the same management. Company A owns a plot, the market value of which is about 2.50 Cr. Company A allows company B to construct a showroom on plot of A. Company B gives proposed map as per its own requirements, which is submitted to development authority by Company A. Map approval charges and development charges are paid by Company A to the Development Authority. The cost of construction of showroom is borne by B. No rent is charged by A from B for giving possession and allowing use of plot by Company B. Period of allowing use of plot is likely to be quite long. There is no written agreement between two Companies.
Any transaction between two companies under the same management should be made at arms length price, whereas in the instant case there is no consideration.
On these facts of the case, my questions are:
1. Is there violation of any Act!?
2. Should the Auditor report such transaction in his Audit report, if no reference of this transaction is made in the Notes on Accounts?
3. How and in what manner the Auditor should report in his Audit Report?
Sir/Mam, i have completed two years in my articleship journey, now i have to cancel my registration due to personal causes. If i cancel my registration whether can i Re-register after certain period of time and complete my remaining year of articleship? or i have to go through three years of articleship period again? and whether can i view my CA exams results after canceling my registration? Kindly help me through this.
i want to appoint a KMP , i believe i can file dir12 before filing 20a.
till 20a is not filed, only annual forms, charge related fill Form SH-7, MGT-14, charge related forms or any annual filling forms cant be filed.
correct?
Do we need to display Annexure A and annexure B along with form gst reg-06 registration certificate in our office? Please clarify?
Dear sir
How deposit the online payment of demand AY. 2021-22, as there is no option showing under Income Tax for that.
Thanks in advance
Sir,
We have imported the Raw Materials. CFS has wrongly delivered two pallets of other customers.
Now we need to send back that material to CFS for taking delivery of our material from CFS.
How sent the material thru lorry by using E-Waybill. please inform the procedure.
Please advice if there is any recovery from employee as per company policy for trainning cost what should be the accounting entry?
if a debtor deposit cash in trader's bank account ? is it a cash receipt or bank receipt ? and will it attract the provision of sec 269ST in case of higher amount recived?
in stock holding , I see that some additional shares received by the shares in FY 2022-23.
by which type , i have received shares.
I checked and found that some additional shares received by bonus,
but some shares additional unit found how to search it.
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