Dear Sir,
there is a typical situation in one of my clients.
Que:- Minimum 2 Directors are required for formation of a PVT Ltd Co.
Now in the case of my client 2 Directors subscribed to Memorandum. Now the point is only one of the Director made the payment for his share capital ie 50000/- and another director forgot to make payment of Rs 50000/- for his share.and he filed his return of income without showing 50000 as his investment in shares of this pvt ltd. while another who has made the payment and acquired his shares has shown in his personal bal sht.
Now the Question arise is
(1) Return of this Co is not yet file now for filing of return of this co what technical issues arises and how to overcome them.
(2) what abt the co..
(3) what abt the director who has not acquired his shares and filed the return??

Please let me know whether TDS has to be deducted on sitting fee of a director and the reasons for the same. Thank you

1. Can a person get a gift from his relative in foreign currency ?
2. Is it taxfree ?
3. Is he required to report to RBI in any provision under FEMA ?

have a company, we have to pay our C & Fs every month. One of my CAs says that we need to accrue the payment for their services everymonth (irrespective whether I recieve the invoices or not) & pay TDS next month ,other CA says that there is no need for accrual .We should wait for the actual bills to come & only after crediting/payment (whichever is earlier) ,we are liable for TDS deposit.Please suggest

Payment made as follow will be allowed or disallowed.
e.g.: Payment made to x transport co. of Rs. 36000 in single day which consist as below:
Rs.18000 for L.R.no.125
Rs.18000 for L.R.no.126

Dear Mr Srinivasalu

We have decided to purchase the exacavator machine within india only i.e.
interstate purchase. Please clarify whether are we eligible against C Form since we are in builders and developers.

if a co rec. advance from its customer in us doller and want to convert into share capital what will be implications of ROC and RBI in this regard ?

Dear sir,

Payment made towards lawyers fees whether TDS is applicable under sec 194J . Please clarify in case what is the limit of exemption.

Please provide me the latest TDS rates chart applicable for the AY 2008-09.

with regards,


R. Gurucharan.

Sir

Is that there is any guidelines for accounting treatment of derivatives.

Regards

CA DIMPAL GOEL

Dear sir,

Payment made towards lawyers fees whether TDS is applicable under sec 194J . Please clarify in case what is the limit of exemption.

Please provide me the latest TDS rates chart applicable for the AY 2008-09.

with regards,


R. Gurucharan.