Hi,
I have given Rs200000/- unsecured loan to a pvt. limited. company (one of my relatives (brother)) in 2012 at an interest of 18% per annum ( applicable for deposits) which is duly acknowledged in the balance sheets of the company till date (Principal Amount only). In the balance sheet documents it is mentioned under "unsecured loans". But I don't have any document for the interest committed by the directors. Now, the directors of the company are not paying the interest. They are even denying the payment of Principal amount on account of financial position of company although directors are drawing a salary of Rs100000/- per month which is also mentioned in the balance sheets filed with MOC. The loan given by me is still acknowledged in the balance sheet filed with MOC i.e. FY 15-16. I want to know what are the legal remedies I can exercise to recover my loan amount?

Dear Expert,

Please let me know whether an LLP can become partner in partnership firm. Please revert back with relevant notification/law/case law and some documents evidencing the facts.

Thanks a lot in advance.

Regards,

Balwinder Singh

Dear Experts,

whether gift ( amount transferred to her bank account ) given to wife is taxable or not.The source of income is sale of Residential building.Thanks in advance

Hi,
there is a trust trust registered under the Bombay Public Trust Act, 1950. They have not carried any activity whatsoever since its inception in the year 2014. They had received donation in the first year for Rs. 1 Lakh and has not received any amount since then. Is audit liable to such trust where no activity is carried out throughout the year.

Thanks in advance.

Hi,
We are Pvt Ltd firm. please let me know that can we deduct TDS on pmt of Rs 200000/- for club membership
If yes please share the Law under which we can deduct TDS. URGENTLY.

Regards,
Mukesh

A director needs to change the details of name, address and PAN w.r.t her DIN. Now, while filing verification form DIR-7, there is a clause "I have not been already alloted DIN under sec 154...".
But, since DIN has already been allotted, and we are just making changes, what do we need to do? Do we need to remove this clause or what?

we are manufacturing aluminium circles and one of our regular dealer taking material from us and its get some problem in Quality. and we have received the material for rectification under Annexure challen & rectify the material and send the same corrected material to our dealer. Now we are issuing Debit Note of Conversion charges of RS.30/- per kgs only. This whole process is ok or not. we are manufacturer not a service provider but having service tax registration and maintain the Inputs credit and challen credit. Now dealer is not interested to pay any Excise duty or Service tax on this process So, we are only charging rectification charges with ED/ST oplease revert back to clear my point 

we are manufacturing aluminium circles and one of our regular dealer taking material from us and its get some problem in Quality. and we have received the material for rectification under Annexure challen & rectify the material and send the same corrected material to our dealer. Now we are issuing Debit Note of Conversion charges of RS.30/- per kgs only. This whole process is ok or not. we are manufacturer not a service provider but having service tax registration and maintain the Inputs credit and challen credit. Now dealer is not interested to pay any Excise duty or Service tax on this process So, we are only charging rectification charges with ED/ST oplease revert back to clear my point 

KG
9845880630

i have received purchase bill after 2 year.how to pass journal entry current year and how to adjust these bill?

In the case of late payment of vat. We should pay both penalty & interest.