MR A HAS TAKEN A LOAN FROM MR Y . BOTH HAVE BANK ACCOUNT IN THE SAME BANK. LOAN AMOUNT IS TRANSFERED FROM THE BANK ACCOUNT OF Y TO THE BANK ACCOUNT OF A. NO CHEQUE WAS ISSUED BY Y FOR THIS TRF. AMOUNT WAS TRF THROUGH INSTRUCTIONS TO BANK BY Y THROUGH A LETTER FOR SUCH TRF.IS IT A VIOLATION OF SEC 269 SS FOR MR A BECAUSE HE HAS ACCEPTED THE LOAN WITHOUT ACCOUNT PAYEE CHEQUE.PL ANSWER WITH MATERIAL

can a co-operative claim the dividend paid to its members as business expenditure because if it had not issued the shares then it would have borrowed funds and invested and also dividend from co-operative is not exempt in the hands of members. ( thus there is double taxation). If it is only appropriation of profit then it should have been exempt in hands of share holders.

for a Public Ltd Company :-

1) Minimum Directors Remmuneration which does not require Central Govt permission.

2) can a Company pay remmuneration to their Directors more than 3 Directors & to all Executive Directors.

Is there any restriction on the nos of Directors

Regards
Binod Choudhary
Kolkata

Can deduction U/s 80C for payment of LIC premium for minor son be claimed by father in first year of payment and by mother in subsequent years

Thanks
Sameer Upadhyay

Sir, i'm manu. I've a BBA and i'm now planning to join cs executive level. Sir, i would like to know is it better to do it full time and find a job and then study part time. Also i would like to know whether it is possible to find 15 months practical training nowadays.
Thanks

we are distributor firm.we are filling monthly vat returns. we have missed one vat purchase bill in august month. we have already submitted quaterly returns without that bill.Can we add that bill in october monthly return.

ANY ONE PLEASE GIVE ME THE FORM TO CLAIM SECTION 80 U

we are distributor firm.we have submitted our balance sheet for 2008-09.Due to some wrong entry by accountant,our sales were shown 1 lakh extra
in balance sheet.now,we have to file vat-20 form.according to returns our sale is 2000000.but according to balance sheet our sales is 1 lakh extra i.e.2100000. now what can we do as there is difference in sales according to return and balance sheet.we do not want to show differnce in vat-20 form.The sales in balance sheet are wrong.Can we revise balance sheet

Dear sir,

Is income tax is paid on Net loss in a trading account ?

By,

Rajeesh

WHETHER THE LOAN PROCESSING FEES COLLECTED BY THE BANK AT TIME OF SANTION OF LOAN IS LIABLE FOR SERVICE TAX UNDER THE SERVICE OF BANKING AND OTHER FINACIAL SERVICE.