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Recent Questions

Question added Jun 10, 2014 Banking By Chanderkant Sharma , Delhi

answers

520 views

Q. Registeration - i want to start a finance business like Sahara with chillar deposit.. Deposit from members, loan given to members, etc. i ask which type of registeration i require..society, pvt. co., firm, llp or any other. document requirement. investment charges.

Question added Jun 10, 2014 Corporate Law By naveen , CA , ghaziabad

answers

365 views

Q. appointment of auditor - required form after appointment for F.Y. 13-14 not filed with ROC till date--Now which forms are to be filed after Companies Act 2013

Question added Jun 09, 2014 Corporate Law By varitansh , CA , New Delhi

answers

337 views

Q. Bonus Act - Is it mandatory to pay maximum bonus(20%) in case of excess surplus are available.

Question added Jun 09, 2014 Audit By Subodh Narang , CA , West Delhi

answers

326 views

Q. Practice - Is there any criteria for taking a part time COP?

Question added Jun 09, 2014 Excise By Subodh Narang , CA , West Delhi

answers

522 views

Q. Export - Is there a mandatory requirement for printing MRP on export goods?

Question added Jun 04, 2014 Corporate Law By CS DIMPLE JUNEJA , CS , North Delhi

answers

488 views

Q. Share Application Money - Dear Sir,
Please help me with the following: Our Company, a Private limited Company has Share application money pending before the Commencement of the Companies Act, 2013.
According to Section-42 of the Companies Act, 2013 Company is required to allot shares within 60 Days from the date of receipt of Share Application Money. If the Company is unable to allot the shares with in time it shall repay the application money within 15 Days.
Now our query is:
1) Whether Section 42 is applicable on the Share Application Money received by our Company before the Commencement of the Companies Act, 2013? If it is so, then from when the 60 Days criteria shall be taken into Consideration (From the Commencement of the Act, i.e. 01.04.2014 or any other date)??

Now, According to Section- 73-76 (Chapter V) of the Companies Act, 2013 and as per the Rules notified by the MCA under this Chapter, if the Company fails to allot shares and also fails to refund the share application money with in time prescribed then such money shall be treated as deposits
Now our Second query is:
1) If Section 42 is applicable and Company fails to allot the shares or refund the money, whether such share application money due for allotment shall be treated as Deposits? If Yes, from which date it shall be treated as Deposits?

2) Financially, If the Company is not in a position to refund the same even till the end of the Financial year and want to retain the same for a longer period then what step should be taken into consideration to retain the same?

Thanks in advance.

Question added Jun 04, 2014 VAT By CA Jaswant Rohilla , CA , NAJAFGARH

answers

472 views

Q. DVAT- Work Contractor - I am a Work Contractor under DVAT, Whether I require Sale Tax Assessment every Year

Question added Jun 04, 2014 Income Tax By CA Jaswant Rohilla , CA , NAJAFGARH

answers

279 views

Q. TDS - I file TDS return for 2009-10 Q2 where PAN of One Dedutee not Available, Now I received a notice for Interest on TDS late DEposit, for filing Correction Whehter I require to quote PAN of the Deductee not avaialble at the time of Filing original return available at the time , if the PAN still not avaialble whats the penalty.

Question added Jun 03, 2014 Income Tax By RK Gupta , CA , East Delhi

answers

252 views

Q. TDS-CPC -

I am at the moment overseas and need your kind help to know whether the TDS-CPC website for Form 26AS is not working?

Thanks
Regards
CA Rakesh Kumar

Question added Jun 02, 2014 Corporate Law By NAROTTAM MAHESHWARI , CA , Indore

answers

489 views

Q. Resignation from Director-ship. - I resigned from director-ship of a pvt. ltd. company by giving a regd. letter, but other director inform that due to company has changed the office hence he can not received resignation letter. As desired by them I handed over a resignation letter prepare by them on the letter head of the Company to them and take acknowledge by other director but more than fifteen days over still my name is appear as director in MCA site. What is the remedy available to me to resign from director-ship.

Question added Jun 02, 2014 Corporate Law By NAROTTAM MAHESHWARI , CA , Indore

answers

252 views

Q. Executive and non executive director. - May I know from MCA site who is executive director and who is non-executive director of a Pvt. Ltd. Company.

Question added Jun 02, 2014 Income Tax By bipin hirpara , CA

answers

313 views

Q. HRA & Sec.24 deduction - I have vacant house at city A, for which I am paying EMI, At city B where I am working I am paying rent. Can I claim HRA(City-B)& Interest U/s.24 & Principal u/s 80C (City-A)simultaniously

Anwered By : shankygarg

Question added Jun 02, 2014 Audit By Kavita , South Delhi

answers

431 views

Q. Empanelment for Concurrent Audit - Canara Bank - Please confirm whether online applications for empanelment of concurrent audit for Cananra Bank 2014-15

Question added Jun 02, 2014 Income Tax By RK Gupta , CA , East Delhi

answers

113 views

Q. ITR 4 - I am at the moment overseas and was for some time in CA practice in 2014-15 and also have capital gain income.

So accordingly I should be using ITR4 like in earlier years. But I don’t see the required form on incometax.gov.in http://incometaxindia.gov.in/download_all.asp

Could you kindly help.

Thanks
Regards
CA RKumar

Question added May 29, 2014 Corporate Law By ANURADHA AGRAWAL , CA , East Delhi

answers

342 views

Q. Company law - whether a private company take loan from its directors, relatives, friends . if yes , in which section of companies act 2013.

Question added May 28, 2014 Audit By Shripad Deshpande , CA , Dombivali

answers

454 views

Q. Company Audit - Hello, I am newly practincing CA and a newly formed pvt ltd co had approched me for the Statutory Audit Facts are as below:
1.The Company was formed during the year 2013-14
2.however they have not appointed first statutory auditor in their first board meeting.
3.Till date they have not appointed any audtor as their first auditor
What is remedy for the Company and Can I become the First auditor of the Comapany?
please help

Anwered By : shankygarg

Question added May 28, 2014 Audit By dharmendra kumar jain , CA , Kota

answers

596 views

Q. regarding campany audit - i am newly ca in practice. i received a aasingment for pvt campany audit and income tax audit, am i done borh, whose permission letter required for this audit

Anwered By : shankygarg

Question added May 27, 2014 Income Tax By AMAR , CA , Surat

answers

295 views

Q. capital gain - 5yera old lan (value 200000) and construction of bunglow on it 1yera old (value 300000) and now sale for rs 700000 ..so what is capital gain...whether land portion gain called long term and bunglow portion gain called short term? if yes then how to calculate the land gain meand cost and sale value????

Question added May 26, 2014 Service Tax By Bhavya , CMA

answers

486 views

Q. SERVICE TAX - Can I claim Input credit on ST on Bank processing fees from Customer & vendor

Question added May 26, 2014 Service Tax By MANISH JAIN , CA , Ujjain

answers

365 views

Q. SSP exemption - whether the threshold limit of Rs 10 lacs would be granted to every individual in case of renting of immovable property by co-owners. please provide the citation or notification if any.

Question added May 23, 2014 Service Tax By CA VANDAN J JANI , CA , MUMBAI

answers

454 views

Q. Service Tax Applicability - THE COMPANY HAS PURCHASED A PLOT AND INTEND TO BUILD COMPLEX ON ITS OWN, AFTER COMPLETION OF CONSTRUCTION ,PART OF IT WILL BE RENT OUT & PART OF IT SALE OUT. WHETHER THE SERVICE TAX APPLICABLE FOR THIS PURPOSE???

Question added May 23, 2014 Service Tax By swati , CA , patiala

answers

564 views

Q. Service tax on rebate & discount - whether service tax will be attracted on rebate & discount received (shown under the head other income in books) from the suppliers of goods; however no tds has been deducted by the suppliers on rebate & discount

Anwered By : shankygarg

Question added May 23, 2014 Corporate Law By CA Shraddha Vora , CA , Mumbai

answers

205 views

Q. queryall@rcjainca.com - I am a Lebanese national residing in Dubai. To apply for DIN I need to provide attested copies of my permanent as well as present address proofs. For attestation of my proofs, whom can I approach? Do I need to travel to Lebenon and get the Lebanese address attested?

Question added May 23, 2014 Service Tax By Abhineet , CA , East Delhi

answers

399 views

Q. cenvat credit of Service tax on R & D - can we utilize the credit of Service tax on R & D to pay other unit liability in case at the time of booking the Registrationn of R & D & other unit was not centralized but now we are movinf towards centralized registration

Experts Panelist

Rambabu Senkarasetti

Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 409

CA Satuti Mahajan

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 291

Vikash Kumar Jha

Accounts, Audit, Banking, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 270

Rishabh Upadhyay

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 257

Ashish Karundia

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 257

Mrattunjay

Accounts, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 220

PRIYANKA

Accounts, Audit, Corporate Law, Excise, Finance, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 136

CA. SURESH Kr. AGARWAL

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 131

Vaneet Gupta

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 120

Ketan Samdani

Accounts, Audit, Corporate Law, Excise, Finance, GST, Income Tax, Service Tax, Students, VAT

Answers Posted : 117

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