As per the company Act and rules made there under,
one of the condition for the applicability of secreterial Audit is
Outstanding loans and borrowing more then 100 CR.

My question is
if the company has non fund based loan of more then 100 CR but actual fund utilisation is less then 100 CR.
(Example. company has LC limit more then 100 CR, but actual utilisation is below the threshold.)

Does company is required to have secreterial Audit or Internal Audit ?

I am applying for registration of a partnership firm under the Indian Partnership Act, 1932 with the Registrar of Firms in Maharashtra.

The head office of the firm will be located in Maharashtra, however the factory (branch/place of business) will be situated in Gujarat.

In this regard, I would like to clarify the following:

While applying for registration with ROF Maharashtra, is it mandatory to disclose the factory located in Gujarat as an “additional place of business”?

If yes, in which form should this detail be provided during the registration process (for example, Form A under Section 58)?

What is the procedure for mentioning an additional place of business located in another state at the time of initial registration?

What documents or proofs are required to be uploaded or submitted for such additional place of business (factory in Gujarat)?

Kindly guide on the correct form, procedure, and documentation requirements for this situation.

Sir.
Few days back, I need to check one sole trading company . While checking GST it found that there is Tds on Gst adjusted in gst payment.
Let's me know.
1. Whether need any return update by sole trading company for deduction tds get back.
2. How to reconciliation of tds gst, for cross checking deducted and collected.
Please advise
Binu

IN THE MONTH OF JAN-26, AN INVOICE OF B2C, UPLODED IN B2B ,NOW HOW TO DELETE IT ?

I had surrendered my cop in the year 2022. I want t restore my cop now. What is the procedure to restore my cop

I am a newly qualified Chartered Accountant. While applying for membership, I am required to upload address proof.

I have recently shifted to a new residence, but all my government-issued IDs reflect my previous address. At present, I do not have any document that shows my current address. Updating my address in government IDs will take some time; however, I would like to apply for membership at the earliest.

please advise on how I can resolve this issue?

Dear Sir,

I have filed Income Tax Return of the firm for A.Y. 2025-26, while filing the Return of Income I have not consider Advance Tax paid by the firm and Income Tax Return is processed also. Now, what I can do for taking Advance Tax for claiming refund.

Please do the needful & oblige.
Vishal Bhalerao

Dear Sir,

A small company was incorporated on 27-04-2024 and has received the Certificate of Incorporation. However, no further compliances under ROC, GST, or Income Tax have been completed to date. I seek clarification on the following points:

1. Since the company was incorporated towards the end of the financial year, is it sufficient to conduct only one Board Meeting instead of two for the first financial year due to the short period available?

2. The subscribed share capital has not yet been transferred to the company’s bank account. Further, Form INC-20A has not been filed and share certificates (Form SH-1) have not been issued to the shareholders. If the subscription amount is transferred now and compliance with INC-20A and SH-1 is completed, can the share capital be reported on a due basis in the balance sheet for the first and second financial years?

3. Is it mandatory to convene a Board Meeting for every Board Resolution passed during the year? Can resolutions be passed without holding a formal Board Meeting?

4. The GST registration (GSTIN) of the corporate state has been cancelled suo motu by the department. Is it possible to apply for revocation after the extended time limit has lapsed? Additionally, can GST registration be obtained for a branch state if the GSTIN of the corporate state has not yet been revoked?

Kindly guide on the above issues.

Dear Sir,

We have purchased used commercial vehicles, please clarify the how to decide the useful life of used commercial vehicles.

Thanks & Regards

Dear Experts,

Greetings

Kindly guide if I claim TDS immediately after builder has deducted or do I have to wait till end of FY to file return.

Will I get refund of total TDS deducted by the builder?

Thank you.
Sincere Regard
Micheal