What about the companies where the order is issued for belated filing of returns?
Click here to view / answer Share it onNo Late Fee for forms filed between 01.04.2020 and 30.09.2020: Announced by FM at PC Today:
Which forms of which period are covered by the said relaxation, though subject to Notification?
Dear members
If a unlisted public company gives its fixed deposit as collateral security to another body corporate pvt co. then whether sec 186 applicable and the company has to file Board resolution with MCA towards the same. .
security
collateral
regarding
Dear all,
As all of you are aware that CBIC in its special drive has started sending mails demanding interest for belated filling of 3B after passing an internal order no CBEC-20/16/07/2020-GST dated 10/02/2020 by Special Secretary,CBIC . One of our clients got such type of mail.We have given our submission citing provisions and case laws.In response to that submission honble superintendent revert following mail to us.I am sending that mail in toto to all of you for my information and knowledge that WHETHER A SPECIAL SECRETARY HAS GOT POWER TO SUPERSEDE HIGH COURT`S JUDGEMENT ??? Awaiting for your response. Dear Taxpayer, in response to your letter, this is for your kind information that the amendment what you have stated in your reply has not been notified by the Government till date. Section 50 of the CGST Act, 2017 is very clear in this regard. Hence, you claim of payment of interest on cash amount is not sustainable. Secondly, despite of judgement of Madras High Court, Special Secretary, CBIC superseding the Judgement of Madras High Court, vide D.O. letter dated 10.02.2020 has ordered to recovery the interest on Gross Tax and Gujrat High Court's interim stay order is not a final order. Therefore, you are again requested to deposit the interest amount failing which recovery proceeding under Sub-Section 12 of Section 75 of the CGST Act, 2017 will be initiated against you. Thanking you Yours faithfully (Nikhilesh Bhattacharyya ) Superintendent of Central Tax & Cx Range-IV: Junglepur CGST & CX Division
Dear Sir,
How to calculate Dividend that can paid depending upon financials whether anyone have excel sheet for calculation of Dividend payout or to find percentage of Dividend to be paid in compliance with Companies Act, 2013.
A proxy is submitted 54 hours ago and another one is submitted 36 hours ago. Which one is valid?
Click here to view / answer Share it onDear All,
I have a small query, that 2 members collectively holding more than 20% Voting Right in the corporate Debtor can be treated as Related Party to the Corporate Debtor?
and if the same shareholders/members have given a Loan/Deposit to the Corporate Debtor, are they eligible to attend the Meeting of CoC and Vote in the meeting?
Dear Learned Members,
A Public Company holds equity shares of another Company.
Can that public Company go for Strike off, without selling off Equity Shares of another company?
Kindly suggest.
Dear Learned Members,
A Public Company holds equity shares of another Company.
Can that public Company go for Strike off, without selling off Equity Shares of another company?
RBI has rejected NBFC (non-deposit taking) application of an existing Private Limited company. Please let me know can we go for appeal against the order and if yes, who is the appellate Authority.
Dear All
Since yest i am trying to make payment of Pay Later challan but unable to do so...System is continuously throwing error
I tried through Chrome and Internet Explorer both
Any other option through which i can make the payment pls
Dear Friends
One of our Client Company has a huge sum lying in their General reserve Account and now they want to utilize this amount without declaring any dividend for the Current Year.So please suggest the possible ways through which they can utilize this general reserve Amount. Please refer section and rule applicability also.
