when a director is called additional director?
How he/she is appointed & terminated in a private company.

i have to import some material from italy. The material will be sent from italy to its office in kolkata. The indian office will then bill the material to me indicating custom duty, CVD etc. My company is not excise registered. In this case can i pass on CENVAT to my end contumer by doing a Sale-in-transit transaction.

By this method even being non excise registered company we are able to pass on CENVAT benefit to the end user in case of indegineous manufacturer. Is it possible to do this in similar fashion in case of imported supply and passing on the CENVAT.

Kindly advise.

Regards,
Amit.

Dear Sir

Please clarify Freight Charges should be mention either before excise duty or after excise duty. if any rule please tell me rule No.


Durga prasad garaga

We want to Import machine fist time from outside of India through Ship or Air.
So, where and when we have to send waybill if we import through Ship or Air.

in case of a family consisting a father,mother and 3 sons. if the father expires with /without a will then who will responsible for his return filling

Plz. answer the followings:-
1)Is there any limit on deposit in a S.B. A/C ?
2)Is there any limit on deposit in a CURRENT A/C ?

The query is regarding Section 50C. Due to restrictions under Urban Land sealing Act, the Assessee could not get full value of consideration (i.e. Stamp value). This is because the buyer is ready to pay tenancy charges to the current tenant to surrender their rights. This amount is reduced from consideration.

Example:- Mr.X has purchased Land for Rs.20 Lakhs to which provisions of Urban Land sealing Act, (Stamp Value Rs.50 Lakhs) with a condition to pay for the surrender of the tenancy rights to the respective tenants whenever and whatever manner Mr. X thinks fit. Whether Section 50C is applicable & how to calculate Capital Gain in such cases?

Sir,

An employee of a pvt ltd company is selling his car to his employer itself. Is a sale deed or vehicle sales agreement must for the company ?

Or, a simple car sale letter by the employee is sufficient??

kindly explain the legality of this situation.

Thanks,

Subhash

Dear Sir,
Special Allowance paid along with salary for an employee. Is this exempt from Income Tax upto Rs.200/- per month (Annual Rs.2400/-) as per Section 10.
Pl clarify.
Where should this be shown in Form 16
Regards
S. Anand

Dear Sir,

My client is running a hotel, boarding and lodging business. It also arranges taxi , houseboat etc for the guest. Does the company have to deduct tax for the payment made for the taxi or to the firms which runs the business of houseboat? Kindly advise.

Regards,
Priya