Shreyas Bharadwaj
20 May 2020 at 23:20

PAID UP CAPITAL NOT SECURED

I have a OPC which was registered on June 2018. The paid up is 1 lakh, which i have not secured, what happens to the company? Does it become defunct? Are there any penalties? Can i convert the OPC into private limited without any legal issues?
Thanks for your time.


vikram
20 May 2020 at 20:20

ITC claimed Excess in 2017-18

Sir
1. GSTR 9 filing is optional for FY 2017-18 as my turnover is below 2cr but in portal I claimed excess ITC and not yet reversed. since it's not yet paid, do i need to pay penalty? As am paying interest @18%.
2. Following to same query for FY 17-18, some vendors has filed invoices in FY 2018-19 pertaining to ITC of FY 2017-18 . Due to which ITC is reflecting in FY 2018-19 b, but i availed it in FY 2017-18 because the invoice given by my vendor is of FY 2017-18. How to explain it to authorities and ITC excess claimed difference is reflecting in the portal.


Rajesh Gupta

Dear member

Please proide me format of member declaration agreement for opening of new branch for branch incharge or mail me on rajeshh1097@gmail.com


raghavendra b

DEAR SIR,

WE INVESTED CAPITAL GAIN AMOUNT IN THE CAPITAL GAIN SCHEME IN THE BANK TERM DEPOSIT ACCOUNT FIXED ABOUT THREE YEARS. IF WE ARE NOT ABLE TO PURCHASE OR CONSTRUCT NEW RESIDENTIAL HOUSE PROPERTY THE WHOLE FIXED AMOUNT AFTER EXPIRY OF THREE YEARS WILL BE TAXABLE OR ONLY THE YEAR OF INVESTMENT EXEMPTED FROM INCOME TAX.
OR CAPITAL GAIN SCHEME IS COMPLETELY EXEMPT FROM INCOME TAX.

PLEASE CLARIFY ME

REGARDS


soniya
20 May 2020 at 17:22

DTAA Implications

An indian party and an Italy party had jointly provided M&A services to a third party. Now as per oral arrangement between both the service providers the invoice will be raised by indian party also whole consideration will be received by Indian party only and then Italy party will issue invoice as success fee to indian party and upon that their share will be remitted to other service provider in Italy whether this remittance attracts DTAA provision if yes which article which cover this type of transaction?


Nagamani
20 May 2020 at 17:05

Benefits /other perks to MD

Is there any specific mention in the law that a Managing director will be eligible for the benefits other than salary.. for public /private. If so what are they??


soniya
20 May 2020 at 16:56

DTAA Implications

An indian party and an Italy party had jointly provided M&A services to a third party. Now as per oral arrangement between both the service providers the whole consideration will be received by Indian party and then will be transferred to other service provider in Italy. whether this remittance attracts DTAA provision if yes which article which cover this type of transaction?


Abilash
20 May 2020 at 16:43

INC 20A

Company filed INC 20A with 6 days delay. Penalty order for Rs.56000/- received by the company on Jan 23rd, 2020. Company not filed any appeal against the order. Kindly let us know , whether CFSS 2020 benefit available in above situation. If yes what is the course of action to be taken by the company


Abilash
20 May 2020 at 16:41

INC 20A

Company filed INC 20A with 6 days delay. Penalty order for Rs.56000/- received by the comopany. Company not filed any appeal against the order. Kindly let us know , whether CFSS 2020 benefit available in above situation. If yes what is the course of action to be taken by the company


Nidhi Akhani
20 May 2020 at 15:53

REFUND OF INCOME TAX

I am not able to prevalidate my bank account it shows error of incorrect account number.
I have account in co-operative bank.

what action should i take?






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