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Question & Answer


M

Malaya

2 Jan 2019

Hello,
I incorporated my company as a pvt. ltd. on Jan 2017, but due to severe financial situation I was not able to begin any operations, its been 2 years. I have not even opened any bank a/c to perform any transactions. I don't know what to do next whether to close it or not. Please advice.
Regards
Malaya

Replies (4)                          

CA Yash Jain       2 Jan 2019

Now you can file Annual forms and again activate the company or you can further opt to wind up the company as well.
Our Team at Finaco would help you in getting the work done at faster and cost effective manner

Malaya    2 Jan 2019

Thanks for getting back to me
If I choose to activate what process I have to go through and how much it would cost me? Or
if I choose to wind up what would be the process and how much it would cost to me?
If I wind up now will I be able to incorporate a company in the future or are their some restrictions?

CA Yash Jain       3 Jan 2019

Let;s take each option seperately
1. if you go trough process your government costs would atleast be 25-30k
2.Wind up Process requires clearing up old filings along with penalty
3.Yes if you wind up now, you can set up a new company in future, there are no restriction however in case for 3 years if you don't file annual returns of existing company you would be disqualified for 5 years.

Malaya    3 Jan 2019

Since its been 2 years, what would be the penalty upon winding up now?

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H

Harsh

30 Dec 2018

I am about to join a central government job soon. I hold shares of various companies amounting to a total of Rs. 1 lakh approximately.
Will this create any problem for my job if I continue to hold these shares for long term ?
Is trading in shares/stock market allowed for central government employees ?
Please provide details.

Replies (1)                          

CA Abhishek jha       31 Dec 2018

need not worry about investment, for more details call on 9708549709

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K

Kartik

30 Dec 2018

My PF(<1L) + ELSS contribution = 1.50L, if i invest 50K in NPS will i get additional tax benefit of 50K ?

Replies (1)                          

CA Urvi Gandhi       3 Jan 2019

Yes.

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M

Md Tauseef

29 Dec 2018

My father's income Tax gets debited at the source, as he works in a Public Sector Undertaking.I am a student, whose account balance rarely goes above 30000. Recently my father invested in some Real Estate. The amount of about 13 lac was first credited to my account from his Salary account, as there was some emergency in his office: so he was very busy and I was asked to transfer the amount to the Real Estate agent, as soon as the agent made a phone call.

The amount was in my account for around 8 to 9 hours.

My Question is: am I liable to pay tax for 13 lac Rs which was in my account for 8-9 hours

Replies (1)                          

CA Abhishek jha       31 Dec 2018

No, for more details call on 9708549709

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V

Vin

27 Dec 2018

I have been providing IT Software Repair Service to USA clients and hence get paid in USD via Bank Wire. I think I am entitled to export incentive. What's the procedure and fee involved?

Replies (1)                          

CA Harsh Rathi       27 Dec 2018

Yes, you are entitled to export incentive. You can feel free to claim the same via filing your return of income through us. You can mail or call us on : 07922160685/harshrathiandco@gmail.com

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