Clubbing provision for ssi exemption under excise
This query is : Resolved
Rajesh Kumar Agarwal
(Querist)
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.
U S Sharma
(Expert)
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- 18% Rent a cab
- Import of Capital Machine
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- TDS Return Statement Status
- Appointment of Auditor By Form ADT-1
- Capital gain on commercial property and investment in residential property
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
