Dear All,
How to treat assets of Section 8 company that remains after winding up or dissolution after satisfaction of its debts and liabilities?
dissolution
company
section
assets
treatment
Hello Friends
A private limited company has a paid-up share capital Rs. 40 lakh
and its turnover as per the last audited financial statements is Rs. 20
crore. Will the company be treated as a small company ?
Hi Members!
Whether specific intangible assets will be considered under the head “other intangible assets” while computing net worth in e-Form DPT-3 or all intangible assets will be taken into consideration?
form
assets
intangible
treatment
Dear All,
Greetings!!
Where CSR activities lead to profits, how should such profits be
treated?
can it be included in 2% of net profits that is to be spent on CSR that year.
Thanks in advance
activities
profit
treatment
Dear Friends,
Greetings!!
My company is liable to spent first time in CSR for the FY 2021-22, I have some questions:
1) What is the due date to spent this money?
2) Can I transfer that money to unsent CSR account and spent for CSR activity along with next year's liability ?
Please help.
Dear Members,
We have planned to distribute educational equipment to underprivileged students studying in various levels.
The equipment purchase including GST ?
How do we treat the CST Contribution for Compliance ?
1. Purchase materials including GST and should not claim GST input
Ex:- CST Contribution is Rs. 1 Lakh
purchase material worth Rs. 1 Lakh (including GST 18,000/-)
or
2. Purchase the materials to the extent of Rs. 1 Lakh and pay GST 18% GST and total payout Rs. 1,18,000/-
Payout Rs. 1,18,000/- and claim 18,000/- the input tax credit ?
Which is the best practice of compliance ??
contribution
under
purchased
goods
treatment
Dear Members,
We have planned to distribute educational equipment to underprivileged students studying in various levels.
The equipment purchase including GST ?
How do we treat the CST Contribution for Compliance ?
1. Purchase materials including GST and should not claim GST input
Ex:- CST Contribution is Rs. 1 Lakh
purchase material worth Rs. 1 Lakh (including GST 18,000/-)
or
2. Purchase the materials to the extent of Rs. 1 Lakh and pay GST 18% GST and total payout Rs. 1,18,000/-
Payout Rs. 1,18,000/- and claim 18,000/- the input tax credit ?
Which is the best practice of compliance ??
contribution
under
purchased
goods
treatment
Dear Members,
We have planned to distribute educational equipment to underprivileged students studying in various levels.
The equipment purchase including GST ?
How do we treat the CST Contribution for Compliance ?
1. Purchase materials including GST and should not claim GST input
Ex:- CST Contribution is Rs. 1 Lakh
Purchase material worth Rs. 1 Lakh (including GST 18,000/-)
or
2. Purchase the materials to the extent of Rs. 1 Lakh and pay GST 18% GST and total payout Rs. 1,18,000/-
Payout Rs. 1,18,000/- and claim 18,000/- the input tax credit ?
Which is the best practice of compliance ?
contribution
under
purchased
goods
treatment
Hell Everyone,
Here is the situation -
1. Company has issued shares through right issue and they have passed a resolution for that as well & Form PAS- 3 through back date has been filed with late fees. (Date of allotment - 30th March 2021).
2. Above allotment has been done in order to be eligible to get a loan from the bank.
3. However, application money has been received after 4 months of allotment.
4. So the question is how it can be shown in a balance sheet or eventually its treatment.
5. However, there was an option earlier that allotment be done to set off the borrowing of directors but resolution has already been filed for Right issue against the money. So, this can't be done now.
Dear Friends,
What would be accounting and tax treatment in case a private limited company is having Securities in the Books and the company opts to Convert the Pvt Ltd into LLP?
into
conversion
case
treatment
An Individual has who was an NRI has permanently shifted back to India. There are NRE deposits in his name.
What will the tax treatment of interest earned from the NRE deposit post change of residential status from NRI to resident?
How will the surplus be treated in case of winding up of Section 8 Company?
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