Hi
Can a public company waive the loan due from directors. What are the consequences.
Can the company declare dividend and adjust the balance due from directors against the dividend to be paid by the company and pay the dividend distribution tax.

Thank u
Regards
CA Sayeeda

Please refer the following order of Delhi High court dated April, 20th 2009:-
Companies cannot be subjected to service tax for renting premises to run their businesses, the Delhi High Court has ruled while disposing of petitions filed by some retailers against a government directive.

The court struck down Centre's notification, by which renting of immovable property for use in the course of business was brought within the ambit of service tax.

"We hold that law does not in terms entail that renting out of immovable property for use in the course of furtherance of business or commerce would by itself constitute a taxable service and be eligible to service tax," Justice B D Ahmed said.

The court passed the order on a number of petitions filed by corporate houses in retails sector, including Shopper's Stop, Lifestyle International and Fun Multiplex, challenging Finance Ministry's notification issued in 2007 by which rent was made taxable.

"The interpretation placed by the impugned notification and circular on the said provision is not correct.

Consequently, the same is ultra vires the said Act and to the extent that they authorised the levy of service tax on renting of immovable property per se, they are set aside," the court said.

my question is whether this is applicable to all across the india or in the satate of New Delhi.

Regards,
Suresh Choudhary

Wether company deduct and paid professional tax on half yearly basis?
or it is mandatory to deduct and paid prof. tax on monthly basis?

Wether company deduct and paid professional tax on half yearly basis?
or it is mandatory to deduct and paid prof. tax on monthly basis?

concept of job worker under rule 4 of cenvat credit rules

Dear Sir,

Plz help..
we r into cunsultancy firm & we charge serv tax in our in to the curtomers, but if a customer is not paying us the part of service tax we charged, Should we pay the Service tax for the same???

Thanks & regards,
Bharati Sharma

If any one has given the PCC Examination in Nov 2008 and cleared only one group, and would like to give exam of Second group in June 09, can he be eligible for C.A Final Exam to be held in Nov 2010

ABC co. has purchsase The DEPB through agent from the market at 95% (including VAT).The bill amt raised by the agent was = DEPB Amt. + Commission + VAT.

Query :
1) wether ABC co. deduct TDS on whole amt. or only on Commission amt.?


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k.k. agrawal

hi
i had completed my PEE II and also BCOM and MCOM. would u tell me what is stipend payable under articleship as per latest rule from icai.
during 1st year, 2nd year and 3rd year.
please provide with me amount payable to PEII cleared article