In a Public unlisted company, the directors has passed a resolution to pay remuneration to the Managing Director which is crossing the limit of Schedule XIII, in april 2008 for which no approval of shareholders have been accorded. now kindly tell me the solution of the same that how the said board resolution can be approved?

I have not cleared my 2nd group of PCE. In IT & SM, according to me, I should score more than 60 marks but I am not able to cross atleast 40. What is the loose point. How should I prepare for 2nd group in Nov,09

We are having commercial premises. part of premises has been leased out and balance is still vacant.should we take notional income of vacant premises for tax computation purposes. what would be the treatment o interest cost which is incurred for entire premises.if only actual rent is considered as income than whther whole interest cost would be allowed as deduction or only interest cost of rental property will be allowed as deduction

When the TDS on salary becomes deductible? whether it is deductible at the time of making it payable or at the time of payment?Will there be consequences of failure applicable if the tax is not deducted on the unpaid salary to a director?

if an building is considered as fixed asset then rental income from such premises whether would be business income or income from house property.pls help me with this

Is there any requirement of deduction cerificate for donation made under Section 80G (2) (iii) (hf) to any relief fund setup by central Govt.

HELLO, I HAVE CLEARED ALL MY GROUPS IN CS,WHAT COULD BE THE BEST OPTION AFTER COMPLETION OF CS,IS THERE ANY EXEMPTION AVAILABLE FOR A CS STUDENT IN CA EXAMS,M ALSO PURSUING LL.B,PLZ SUGGEST ME SOME OTHER COURSES WHICH WOULD GIVE AN ADVANTAGE FOR ME IN CARRYING OUT MY PROFESSION SUCESSFULLY?

i wanted to know about the validity of the stock transfers made within branches out of the local purchases been made?

what are the tax implications in a negative situation?

waiting for quick response
kanika

Query regarding non payment of service tax by client :

A raised a bill on B.

For instance, bill total value is Rs.27575/-, which consists of Rs.25000/- plus ST 10.3% Rs.2575/-.

B made payment of Rs.25000/- only without making ST payment of Rs.2575/-.

Now, A is unable to collect the balance Rs.2575/- pertaining to Service Tax from B.

Under the above circumstances, whether A has obligation to pay on his professional fees realised Rs.25000/- to Service Tax Department.

It may be noted that A has not received from B the amount Rs.2575/- pertaining to Service Tax.

Looking forward to receive the response on the matter.

wef 1.10.09 , tds on transoprt conracts is not to be deducted if he furnishes his PAN.

now my query is :
1. what about subcontractors?
2. TDS will be deducted if the transporter does not furnish PAN, now in that case whether my ETDS return will be accepted as it will not have PAN of the party, because 85% of PAN is mendatory to file the etds return.