Hello Every body,

I have a case where we had removed one of the Director under Section
284 of the Companies Act 1956 earlier then the Company realises that
the Director vowes some money to the Company, now the Company sent a
letter asking the Director to pay back the amount but the Director is
not replying to any of the correspondence what would be the next
action.
Regards
Gaurav

Without any statutory obligation company pays insurance premium on some employee just to retain them that after completion of 10 years of service in company they would liable to get the matured amount.At the same time employees assigned this in the company name.
My question is ,
1.Is this insurance expenses allowable for company?
2.What is the treatment for employees?

hii frnds,,
our client sold jewellery in FY 2007-2008. She recd those jewelleries during her marriage... Hw would be d tax treatment????? my sir told tk 1981 for indexation. wht abt d cost???should i tk cost or market value?? pl help frnds...

Sangita..

Please let me know if a private limited co. can accept loan from an individual.

One of my client has got construction work from Sbi for holiday homes. These holiday homes are exclusively for the benefit of the employees and would be given to them at a very nominal rate, i.e. not for profit basis. Will service tax liability arise or will there be exemption as it is not a commercial construction service.

what will be the cenvat credit for commision received from business auxilary service. we have received commision from BAS service which is a output for us, so what can be the input for us

one of my client purchased residential flat on housing loan during F Y 2006-07, His interest on this loan is Rs 3,40,000/-. I had taken loss of Rs.1,50,000/- in his computaion of Income u/s 24.

I want to ask that can I add remaining interest amt i.e. Rs.1,90,000/- (340 - 150)in his cost of flat in balance sheet??

I have not deducted the TDS for the whole year . what can I do now

hIIIIIIIIII
Can i fill the return of nil tax ,without any providindeduction. i mean to say Suppose profit 1,65,000/-,Expenses-32,700.Total Income after Expenses 1,32,300/-.Whether income tax depatrment accept the return or not , if not then please tell me the section.

whether book fee paid is a part of tuition fee and accordingly claim deduction u/s 80C