Kindly let me know is there any tax concession for canteen subsidy incurred by companies.

We are having the canteen run by the contractor. We are paying 100 % to the contractor and recovering 25 % from the employee. Balance 75 % treated as subsidy.
If you provide both accounting treatment and taxation aspect, it will be helpful to me.

thanks

A director of a public company has taken loan from a bank ask the bank to draw cheque in the name of the company. now company is paying installments and interest to the bank.

Is there any violation of law either companies act, or any other if so how can we make it good.

Thanx

PLEASE TELL ME DETAIL PROCEDURE ABOUT INCREASE OF AUTHORISED CAPITAL.

Can anyone help me to know whether a private company can take loans from their shareholder's or Relatives u/s 58A and if they are exempt u/s 58A then is the same contradict with Sec. 301 (Director's Interest)

Presently we are having a 4% cumulative redeemable preference shares in our capital structure now we want to convert these shares into the debentures can we do so. If, yes what is the procedure to do so and under what section permission is given under the Companies Act, 1956.

Can anyone tell abt the Legal Compliance & Procedure for adding word "India" in existing company having Authorised Share Capital Rs. 4.00 Crores & Paid up is Rs. 2.00 Crores as Equity & Rs. 2.00 Crores as Preference????

can any one tell me dat in a private limited co. treatment of excess share application money which has not been refunded & not transferred in investor protection fund.....is there any due date for allotment of share in pvt. co.after which it will be due for refund....?

If form 2 is not filed within 30 days what is the penalty?

One of the company has not filed its annual return and Balance Sheet with ROC for last 2 years. What are the consequences that company may have to face???

While filling form 2 what are the documents required to be attached? what are the general rules and things to be borne in mind while Filing form 2?