Urgent merger related query
This query is : Resolved
16 November 2009
The Company had gone into merger in the year 2008 the problem was the company adopted the pre merger balance sheet in the AGM of 2008 as the merger had not taken place till the due date of AGM . Thereafter the auditor had filed the merged balance sheet with the I.T dept but the problem was in the Annual Report of 2009 the auditor recasted all the figures of 2008 with the merged figures.
Please ascertain if any default has been done by the company by such recasting and such contravention comes under which Act and whats the way out.
Regards
Divya
Please ascertain if any default has been done by the company by such recasting and such contravention comes under which Act and whats the way out.
Regards
Divya
16 November 2009
Pls reply urgently
16 November 2009
no problem at this time, leave the matter, if income tax department raised the notice for assessment of the said period, then u can clarify the same. ok.
16 November 2009
Agreed
Do not worry about that , If IT dept will ask any clarification in scrutiny then u make settlement with them.
Do not worry about that , If IT dept will ask any clarification in scrutiny then u make settlement with them.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
