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

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.

Sir,

Icon for Export 6A in GSTR1 returns is not there, could you please help me out to file the Export 6A in GSTR1 Returns for the month of January 2021.

Thanking you

Amruth Kumar

Dear Sir

Please suggest WE have received advance from Sundry debtors to sale some goods. But stock not available to us same stock to us with 2nd firm. Can firm 1 issued Purchase invoice to 2nd firm and then 2nd firm sold to goods to sundry debtors