what is the maximum remuneration that a managing director can draw from 2 companies(appointment has been made under section 269)?

Prosecution proceedings u/s. 276C(1) can be attracted, if it is proved that the assessee has willfully or deliberately concealed his income.

what is cenvat credit in excise. how it is adjusted.
what is procedure for credit adjustment.
kindly solve my query.
Thanks for viewer.

Sir,
We have filed an appeal with the CIT(Appeals) against the Assessment order of the assessing officer. The appeal is in our favour. We have paid some amount of tax laible to be paid as per assessment order to obtain stay before prefering to go on appeal. Now that the appeal is in our favour, we will be eligible to get the tax paid to get the stay orders. I want to know is there any form available in the Act to obtain the tax amount paid? what is the Procedure to be followed in this matter. Please let me know

The CA firm is followed Cash Basis of Accounting System. The client of the firm has created a provision of audit fees on mercantile basis. So, the client has deposited TDS within Due date of TDS. In which year CA firm claimed TDS???

FY 2008-09 RS 500000 is provided in the books of client. He has deposited TDS in April 2009. The fees is received in the month of Aug 09. So income will be Recorded in FY 2009-10.
TDS is claimed in FY 2008-09 or 2009-10????

I hav made a sale to a person on 28.03.09 for $1 at that dt INR was Rs.45
debtors A/c 45
To Sales A/c 45

on 31st march the INR was Rs.44 so i restate the debtors to Rs.44 by passing entry
foreign exchange loss A/c 1
To Debtors A/c 1

so whether can i claim this Re.1 loss under the income tax act
pls support ur answer by necessary circulars/notifications/case laws etc

In case of Finance Business(giving loans to others) What should be limit for Tax Audit? Is it considered on Loan Given Basis or Interest Received from parties.

What is works contract tax ? what is its rate? how is it levied and on which amount levy is made?

Sir,

I am dealer in Maharashtra. I received order from a dealer from Maharashtra. But he told to despatch the material out of maharashtra.

In this case i should charge local vat or cst

pls advice

sudheer

What is the excemtion limit for first financial year for an assessee

Swcondly,If exemption limit is crossed in first financial year then what amount should be considered for service tax ? say exemption limit in first financial yeat is Rs 10,00,000 and the assesse has provided service for Rs. 12,00,000 then at what amout tax will be levied , on Rs balance 2 lakh or whole 12lakh??