Dear Experts,

We are a charitable & welfare association (regd under Society regn Act 1860). We applied for a PAN card under the category of 'AOP',the closest category to our status,we thought, in Form 49A and received the PAN. But our a/c says with this PAN,you can NOT claim any Tax exemptions available to a Society nor can we apply for 12 A regn !
We are told that we should apply for a PAN under the category of 'AJP' ie 'Artificially Juridic Person' instead ! We are confused and worried about receiving the wrong PAN again !
Are we really an 'AJP' ? Kindly advise !

Tom

We are having a listed entity having investment of 9.5% of its paid up capital from B (a Foreign Corporate Body).

Now, B wants to sell the half of its investments i.e. about 4.75% to Mr. A an Indian resident who is also a director of the same listed entity.

Now my query is :
a) Prior approval of RBI is required to sell the investment?
At the time of investment 10 years ago, approval of FIPB was granted to the listed entity.

b) What are the compliance's required to be done?

I wanted to know how can we find out the MLWF Establishment Code of a particular company.

Hi, Eligible start up can take the tax holiday for 3 out of 7 years. If in the first year, Start up has opted for tax holiday, then do they have to pay Advance tax and Minimum Alternate tax that year? Or they are exempt?

What is the process of applying for a tax holiday year?

Dear Sir / Madam,

I wish to understand the possibility of not charging the balance of amortization of Leasehold improvement asset, after returning the office place.

To elaborate, I am putting the below pointers.

The office space was taken on lease rent.
These expenses were capitalized and is being amortized over the period of 5 years.

after an year, due to covid, we are forced to return this additional space and we have the amount of Rs. 60 lacs still to be amortized.

however we are not in a position to bear this one time hit in PL.

Could we park this in BS under the head like " pending for Appropriation" and take this charge in PL over the period?

Please help.

Thanks,

Sangita

Board resolution format for KYC updation in bank

I need a CA for opening OPC. I have everything thing ready. I just need someone to help me validate and enter the final declaration to finally submit SPICE+.

Please contact me as I want to complete this real quick.

DEAR SIR,
PLEASE PROVIDE DETAILS HOW TO RENEW THREE STAR EXPORT HOUSE CERTIFICATE EITHER BY WAY ONLINE OR OFFLINE

I was registered under Service Tax & currently my Service Tax Audit is going on. I had taken 2 shops on rent to carry on the business (same business in both shops in same name & nature). But, at the time of registration under service tax I mentioned only 1 shop.
Now, the officer is disallowing my CENVAT Credit by 50% as I registered only 1 shop to service tax. So, what can I do now...???

Dear Sir, , i have submit form 103 delay beyond 30 days so icai has asked me to provide stipend proof, work diary i have already submitted stipend proof and work diary but again i received mail from icai through ssp to provide further documents . My exams for ca final are very near and i am very confused about reply to icai. Please suggest me as soon as possible about following matter. This refers to submission of required documents for considering the delay in submission of form 103 beyond 30 days of commencement of article training of your article assistant 1. Submit the copy of attendance registered maintained in your office bearing the name of all the article assistants taking training under you including Article Assistant.
2. Work dairy true copy day wise by employer.
3.The stipend has been paid to me in cash/ lumpsum. Icai said with remark that employer had to pay stipend every month in an a/c payee cheque in article's bank account.

Please suggest me what to do to make my registration complete. If this fails i will end up wasting my last 1 year and i have to do my articleship again.