There is a Joint Venture between Indian Government Company and a foreign Company. As per the articles of the Company both the Companies have the right their person as directors in the JV. At present one of the JV Partners have replaced their nominated directors. I want to know whether the new director has to be appointed as "Additional Director" or " Nominee Director"? Articles give right to each JV Partner to replace director at " Any Time:.
Further there is no mention in articles about appointment of additional director.

A company is paying rent on behalf of a professional doctor. The company has rent agreement with landlord and honorarium contract with the doctor. Now the company is deducting Tds on rent as well as tds on honorarium on the gross amount, i.e. tds on the same amount twice . Whether it is correct

Please tell any one an we file income tax return without tax audit U/s 44AD on 8% of Sales when original profit is more than 8% of sales as per books of accounts maintained i.e.as per profit and Loss A/c?
(Ex : Sales Rs.25,00,000 ; Net profit Rs.5,00,000; Declared Income u/s 44AD is 8% of sales i.e.Rs.2,00,000 )

SIR
R THERE ANY CHANGES IN ADVANCED ACCOUNTING (PAPER 5) SYLLABUS FOR MAY 2014 EXAMS LIKE
ACCOUNTING STANDARDS OR ANY OTHER
THERE R NO ANNOUNCEMENTS YET IN BOS PORTAL OF ICAI

Dear Sir,
loan documents are executed in some Banks by affixing and witnessing common seal of the Company only on last page. A few other Banks insisting on signing on each page of the documents by the authorised persons/Directors under for seal of the Company and also affixing common seal duly witnessed on the last page of the document. The Banks says that affixing Common Seal alone required. Pl clarify which procedure is correct and enforceable.
C.R.Ravichandran

Hi Dear

What will be the recource if the society has been registered under society registration act, 1860 in Haryana and no application for registration under sec 12A has been filed within 1 year of registration despite the income is below the minimum taxable income exempt limit

Will be all income above Rs 2 lac will become taxable for all the future years.

whether interest is charged if income exceeds Rs500000,the income tax return on due date is submitted as paper return to department.suggest

I AM HAVING 4 RESIDENTIAL FLATS OUT OF WHICH ONE IS SELF OCCUPIED AND ANOTHER IS GIVEN RENTED THE REMAINING TWO RESIDENTIAL ARE VACANT WHETHER NOTIONAL VALUE OF VACANT FLATS TO BE ACERTAINED AND ADDED FOR TAXABLE INCOME FOR AY 2011-12 PL EXPLAIN

MY FRIEND HAS BOUTIQUE INCOME HE WANT TO FILE HIS INCOME TAX RETURN I.E. ITR 4 HIS LAST YEAR INCOME WAS 175000 AND NEXT YEAR RETURN INCOME IS 210000 MY QUESTION IS WHETHER THIS COMES IN BOOKS NOT MAINTAINED I.E. ITEM 51d OR FULL PROFIT AND LOSS SHOULD BE FILLED. TURNOVER IS APPROX 700000 AND 850000 RESPECTIVELY PLEASE HELP

I interviewed for articleship and got selected and it starts from 20th of december. but i got the news that i have to do itt & orientation course. but the batches of mine itt starts from 14th of feb, 2014. Can i start my articleship befre enrolling in itt & orientation. please help.