BALAKKRISHNAN
23 September 2020 at 22:47

Authorized Capital

Pls. clear me what is optimum figure for authorized capital? even though it starts from 1,00,000 onwards what would be the long term impact if i put 10,00,000 in place of 1L as authorised capital (except number of shared). Whether it will impact anywhere in future like balance sheet, repayment if company goes shut, any other legal criticalities? where are all it will reflect exactly?


Srishti
23 September 2020 at 21:29

MGT 14

When is MGT 14 required to be filed?
Is it required to be filed when FS are adopted in AGM?


Nitish Agarwal
23 September 2020 at 19:48

LTCG or Business Income in Real Estate

Hi Experts,

My mother owns a residential property in Hyderabad, Telangana. The property is a plot with house construction and was purchased in 2001. She intends to dismantle the old house and develop the land into residential apartments. She is willing to finance the construction by herself and will be giving a construction contract to a builder. The residential apartments so built will be sold to homebuyers.

The query is, will the sale proceeds of the residential apartments be taxed as LTCG or Business Income? Will she able to offset cost of construction against the LTCG? Will there be any STCG component?


Jaysukh Ghetiya
23 September 2020 at 19:46

Canara Bank nf 1003

Dear Sir, We are having occ A/c in canara bank.My email id is jaghetiya@gmail.com


santoah raju
23 September 2020 at 19:30

Condonation of delay - Urgent

Hi respected experts,

Is there any powers to officers or commissioners under GST to condone and give relief to tax payer for genuine reasons.

Our client has availed ITC against sec 16(4) with delay of four days.

The department is ready to condone but they are not able to take power from any provisions of the act,

kindly advice


MOHIT TANK

Under the companies Act 2013, can a chairman and Managing Director be a same person for a Unlisted Public company whose paid up capital is more than 10 cr. ? Please suggest.



MAHESHA R
23 September 2020 at 14:47

TCS on Sale of Goods w.e.f 01st oct-2020

Kindly advise the details how the TCS applicable for goods with details.





MAKARAND DAMLE
23 September 2020 at 14:08

GST payable on Transport Charges under RCM

Value of GST payable on transport charges by recipient under Reverse Charge Mechanism was not shown in GSTR 1 & 3B monthly returns for f y 18-19

Can it be shown now while filing annual return of f y 18-19 ?


shinu
23 September 2020 at 13:48

Tax

Sir,
While comparing gstr 3 b and 2 A we came accross some purchases on which input was not claimed. Perhaps bills may be missed while claiming the input in 3 b.. So while finalising the balance sheet can we show the purchase including tax as total purchase.. We are claiming gst on it


tapan patel

hi ,
pls send sample of above






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