Clubbing provision for ssi exemption under excise
This query is : Resolved
29 January 2012
Mr A & B are Common Directors in a two different Companies.
Both the Companies are Manufacturing same Product which is Excisable.
Presently 1st co in enjoying SSI Exemption Limit.
My question is whether Turnover of 2nd Company is clubbed for calculating Exemption Limit of SSI by way of Common Directorship or Shareholding of common Director who are relative.
Both the Companies are Manufacturing same Product which is Excisable.
Presently 1st co in enjoying SSI Exemption Limit.
My question is whether Turnover of 2nd Company is clubbed for calculating Exemption Limit of SSI by way of Common Directorship or Shareholding of common Director who are relative.
29 January 2012
if A&B are common and have managing stake in both companies then these two companies would be clubbed always.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- ITR returnFY25-26
- NON- SUBMISSION OF LLP FORM 3
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
