In the Public company (closely held) this is the first year where there is managerial remuneration being paid to the main guy. There is a huge loss being incurred for the year. however there are adequate reserves even after adjusting the current year loss. How much is the maximum that can be paid as Managerial remuneration and what are the regulations/provision pertaining to the same.
The main two points on which i have a doubt is
1. Loss in the CY, hence should Managerial remuneration paid.?
2. Secondly, if yes then upto what limit.
3. Thirdly the computation need to be done on this years profit right? not last years right?

We want to change our registration office from one place to another within the state . could u pls advice regarding the procedure.

Hi All,
An agriculture land has been purchased and registered in the name of the person who ins no where connected with a pvt ltd co

Eg :-
A pvt Ltd has made payment for purchase of agriculture land to the broker, who has made the payment to the farmers.

now the land should be registed in the name of A pvt Ltd co. instead it is registered in the name of the person who is no where related with the co. i.e. he is niether a share holder nor have interest in the co.

Therefore what should be the treted given in the books of A pvt Ltd
Also the person in whose name the land is regsisted have filed thier return

Suggest the answer

Regards

Hitesh Khona

Hi I am an NRI looking for a HONEST, I repeat HONEST CA who can file 4 to 6 ITR's of our family here. All have PAN#,s, bank a/c in Delhi, have NEVER filed taxes before in India, no other income either. All I have to send you is some basic information along with form 16's. They will get full refund under tax laws of Inda. If anyone of you care to establish long tem relationship wth ys, do respond. Each ITR should not take more than 1 hr for you experts...altogether it is a 5 hr work. Will pay reasonable charges. Pls. reply to gucciraja@yahoo.com soonestpossible.

Hi..

Please advise can
all CA CLUB members use CA logo
or
It is to be used only the Chartered Accountants only..

I suggest and wish that all CA CLUB members can use the CA LOGO being the part of the prestige.

CA TEAM may also give clarification on this please..!!

would you please tel the scope of prepaid expenses.. wat and all includes in it.

1)whether the amt paid towards reneual of digital signature for two years, need to classify as prepaid or not .

2)uniform supplied to staff which is used for two years , need to classify prepaid or not

expecting professional ans

i have an client who is working as a supervisor in a company and he gets Form16A
on which he is Desribed as(payment recv to him under Contractor /Subcontarctor u/s 194C
What his business to be mentioned in ITR 4 form

sir

pls help me in preaparing the MOA and AOA pls guide me by any sample one and and say which are the account books or statutory books to be maintained by pvt ltd


tips for preparing moa and aoa

Sir/Madam,
Under WIP, I am coming across terms like Capital WIP, WIP, etc. Can any one please explain me what all types of WIP are there and how they are used with examples? I am thoroughly confused with this. Please, can any one help me?

Which is the Best book for Final New Course for IDT Laws- V.S.datey or Vandana Bangur from Self Study point of view