Queries for Form-23AC & ACA

1729 views 5 replies

I am verymuch confused about the following points in case of Public as well as private company, please can anybody clear my doubts?

1). Form-23AC- Point No.12(II)(6) - Deposits accepted or renewed during the financial year - which deposits are to be mentioned, whether U/s 58A, or deposits taken from Directors, relative of DIrectors, shareholders and others???

2). Form-23AC- Point No.12(II)(14) - Gross value of transaction as per AS-18 - which transactions?? and whether are they shown in B/s.??

3). Form-23ACA- Point No.2(Part B)(II)(6): Rent - Which rent is to be mentioned?? Whether paid or received??

Thanks in advance.

Replies (5)

(1) Deposit U/S 58A


(2) Transaction with the related parties U/S 301.


they are shown in the notes of accounts.


(3) Rent paid by the Company any either Office or Godown

Sir,

Rent paid to any body or to related parties only??

No, rent paid to any person

whether he is related or unrelated party doesn't matter.

---------------------------------

If you need further clarification than contact me

Ankur Shah (Practicing Company Secretary)

“Guru Gautam” Bungalow, Inside Parshwa Tower,

Nr. Shyamal Cross Road, 132ft. Ring Road,

Satellite, Ahmedabad – 15

Contact: + 91-9427633901

E-mail: ankurjewel @ gmail.com

Blog: csankur.blogspot.com

 

 

Ohk, Thank You sir...

Hello friends

Pl clarify me what has to be written in Gross Value of transactions as per As -18 in form 23AC & 23ACA . Whether in items like loan paid - loan recieved back and loan taken - loan given back during the year, Net amount has to be shown  or we have to add all four and then show the entire amount .

 

Thanks in advance

Regards

Preety

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