Anonymous

I was looking to buy Law coaching for ipcc by CA Rajiv Singh from toppers.
Is it worth it? is the teacher good? and are the videos in order or its messed up?


CA SAJANA

Dear Sir,

Can a Private Limited Company provide temporary loan to it's sister concern companies..? Is there any violation in provisions of either Companies Act or Income Tax Act in doing so?

Thanks and best regards...
Sajana



Anonymous
14 June 2013 at 19:02

Direct & indirect expenses

Dear Sir / Madam

Please give the knowledge for direct & Indirect Expenses & which expenses are includes in direct Expenses & which are includes in Indirect Expenses.


Guest
14 June 2013 at 18:31

Interest on loan treatment

can we consider interest charged by bank on loan taken for purchase of asset as addition to assets during the year while preparing depreciation chart.


SAGAR
14 June 2013 at 18:27

Regarding form 32 of pvt ltd

DEAR SIR,
I HAVE TO FILE FORM 32 FOR REMOVAL OF PROMOTER CUM DIRECTOR AND ADDITION OF 2 DIRECTORS. WHILE FILING THE FORM I AM GETTING SOME QUERIES...
1. SHALL I GIVE DETAILS OF ALL DIRECTORS CONCERNED i.e. REMOVING, NEWLY APPOINTING AND EXISTING IN POINT NO. 4? OR ONLY 2 DIRECTOR'S GETTING APPOINTED NEWLY's DETAILS?
2. IN POINT NO. 5 SHALL I SELECT PROMOTER OR INDEPENDENT SINCE BELOW THE POINT IT DOES NOT GET TICKED TO EXECUTIVE DIRECTOR?
3. CAN NEWLY ADDED DIRECTOR BE A PROMOTER? IF YES, WHAT DOCUMENTS SHALL I ATTACH IT?

PLEASE ANSWER ME... THANKS IN ADVANCE..

SAGAR


Sagar Bhadra

Section 194A(3)(iii) allows payment without TDS, if made to Notified Institutions, which includes Banking Company to which Banking Regulations Act, 1949 applies, LIC, UTI, etc.

But to my understanding section 194A(3)(iii) does not cover other financial institutions.
Is there any other relaxation available for such Interest payment?

As we all know that Interest (Other than Interest on Securities) is liable for TDS u/s 194A
The repayment of such financed amount are made in EMI, which includes principal+Interest. Such Interest normally crosses Rs.5000/- in a year.

So whether TDS is applicable on Interest payment made to such institutions?

Can any one throw some light on above issue.

Thanks in anticipation,

Regards,
Sagar Bhadra


CA Ashish Joshi
14 June 2013 at 18:00

Company formation

Dear Sir,

I have filed up & ready Form 18 and Form 32.
When I am preparing Form 1, it asks for stamp duty payment details.
The payment is to be done electronically.
The MCA portal shows invalid SRN of approved Form 1A. So, I cant make payment of stamp duty before uploading Form 1.

What is the process to file the same?
Should I upload all three forms together & then it will take me to payment portal?

But again before uploading, Form 1 would not be pre-scrutinise itself in absence of duty payment details.
Need your guidance.


sheetal manohar jadhav
14 June 2013 at 17:37

Mba

Is IIBM institute vaild of MBA. its good if i will do MBA from This institute by correspondance.



Kindly suggest & refer me any other institute for correspondance MBA in mumbai


Girish Sharma
14 June 2013 at 17:34

Chargeability of service tax

Dear Sir,

One of my client has taken service tax registration in financial year 2010-11 under renting of immovable property services and is charging service tax and filing returns in time. Now in the year 2011-12 and 2012-13 his rent receipts are below the exemption limit, so my query is as follows:
1. Whether I should continue charging service tax on the rent receipts below the exemption limit and file returns or

2. I should stop charging service tax and file nil returns only in the current financial year as my receipts in preceding years are less than the exemption limit.

My client does not want to surrender the certificate as the rent receipts may again cross the exemption limit in future.

Please clarify.

Thanks


SOMMU
14 June 2013 at 17:30

Board meeting

Please confirm whether Board Meeting can be conducted through a teleconference.





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