Mr. X is a whole time director and has been allotted rent free co. owned accommodation by the company . In addition, he is also on the board of various other group/non-group cos. (all of which are independent public cos.) as an non-executive director. He is paid sitting fees for board meetings attended by him and is also paid commission (along with other non-executive directors) by these other cos. based on certain criteria/performance of the respective co.
Can the commission received by him from these cos. be considered as forming part of salary (as received from other "EMPLOYERS") for the purpose of valuation of benefit under rule 3 for rent free co. owned accommodation provided to him.

My principal want to terminate my training? what is the procedure for joining the new principal and time limit for doing so? will termination with my principal will affect me in anyways?

Apart from minutes book what are the other stautory registers kept as per companies act 1956

We are the service provider to the other institutions like ITI along with software programming. We take Annual Maintence Contracts - Comprehensive. Now the question is Section 4(1) c of KVAT says we have to pay works contract @ 4% and as a service provider we have to pay Service Tax @ 12.36%.

Why we have to pay 2 taxes?.
Our customers are almost govt.dept.not agree to pay 2 taxes.
How to show the same in the books of accounts?.

If an advance to a director is paid in cash of a sum exceeding Rs 20,000.00, for the expenses that he incurs on a business trip, will it be disallowed u/s 40A (3).

Also, if expenses are reimbursed, the reimbursement being more than Rs 20000 in cash will the expense be disallowed?

Clause C of Para 99.1 say : That the amalgamating company has held continously as on date of amalgamation at least 3/4 of the book value of fixed assets held by it two years prior to date of amalgamation .

What is book value ? Gross block or Net block after Depreciation .

Is it required to deduct tds on interest paid on borrowed capital for consturction/acquisition of house property in order to get deduction u/s 24 (ie interest on borrowed capital), where interest payable to a resident. and what is the limit of interest to deduct tds

New Hydrlic Excavator purchase (on hire purpose) value Rs.2081682 on 4.07.2007

Total income arrived at Rs. 2,55,341/- various Sources

How to Calculate Depreciation and Income tax Computataion

whether advance tax paid should be expensed or not?

One of my clients’ Company incorporated in Jan 08 is to b closed down. It’s a Pvt. Need to apply us 560. Can anyone provide a format of application and other docz? Plz. Tq.