According to Section 196 of Companies Act, 2013 Managing Director of all companies can be appointed only for a term of five years. Earlier this [provision was not applicable to private companies. in that case the period of managing director for five years will counted from 1 April 2014 ( Applicability of THIS SECTION) or before that ?

In case of our company MD was appointed in year 1984 and his term was not fixed as it was as per discretion of BOD. Now as section 196 of CA 2013 has now become applicable for private companies we can appoint MD only for five years. Shall we have to pass a Board resolution stating his term for five years starting from 1 April 2014 or will it be counted earlier from 1st April 2013. Please guide.

Dear Friends
Plz solve my some Problems

1. Building Repair/maintance/advertisment/generator on rent/ all these are consider services

2. If all these are consider services then upto 10,00,000 Rs. they are not liable to registration under service tax..

3. but if they provided services of Rs. 1150000/- they will entitled some abatement in some cases due to supply of material

eg. 1150000-37% (abatement) =724500

for the calculation of Rs. 10,00,000 what amount will be consider 724500 or 1100000

Hi...
If there is delay in payment of professional tax will it be disallowed...

Hi...
I am working in a organization where service tax paid after the due date but the return has been filed before due date.... Will it be disallowed if it is paid after due date ????

Dear All,
I would like to know that I am a salaried person and my salary is below income tax criteria, Can I file the ITR

whether contractors are professionals or business persons?

Sir,
I want to know that my company is paying salary of Rs200000/-P.m to a director from F.Y 2014-2015, In which section TDS will be deducted and rate of TDS and any other related matter to be consider in this regards.

Please help me out.
Thanks.

sir, i want to change cs executive old to new syllabus how can i plzz help.....as due to my job i could nt able to study.

Is rebate of Rs.2000.00 is continued for below 5 lacs Income or withdrawn by July 2014 budget after increasing tax limit from 2 lacs to 2.5 lacs & given tax relief only Rs.3000.00+ cess ( tax relief 5000.00+ cess on 50 thousand Less rebate u/s 87A 2000.00= net benefit Rs.3000.00 +cess) .

Please clear experts
Also please let us know that except increase limit of 80C & interest on Housing Loan any other changes eg.conveyance of Rs.800.00 per month etc. or not

Finance Bill 2014 provides that CSR spending u/s 135 of companies act, 2013 will not deductible under section 37(1) of Income Tax Act,1961.

And my query is this if this is not deductible u/s section 37(1) then what will be its accounting and tax treatment?