Rent received from rural godown is chargeable in which head wheather under Income from House property or income from business and profession...Kindly let me know with reason

hi
this relates to loan given by a private limited company to another private limited company.in my query there are there are three private limited companies ; A,B.C

'A' COMPANY HOLDS MORE THAN 10% SHARES IN SHARE CAPITAL OF B COMPANY.

'A' COMPANY ALSO HOLD MORE THAN 205 SHARE IN THE SHARE CAPITAL OF 'C' COMPANY .

'B' COMPANY GIVES THE LOAN TO 'C' COMPANY.

PL GUIDE WHETHER LOAN GIVEN BY 'B' COMPANY TO 'C' COMPANY WILL BE TREATED A DEEMDED DIVIDEND U/S 2(22)(e)of the income tax.


my doubt is about the word 'HE' in the latter part of section 2(22)(e) in the following para

" or to any concern in which such shareholder is a member or a partner and in which 'HE' has a substantial interest ( hereafter in this clause referred to as the said concern,

in the above, the word is 'HE' it means section 2(22)(e) may be applicable where in other concern, only individual has the substantial interrest either as sharehodler or partner.

pl advise me at your earliest.
regards
anand agrawal

Anyone please explain in simple words WITH EXAMPLE as to when Forms E1 and E2 are be used under CST Act.



Thanks

Hello Friends
I want to know the accounting of tools and dyes that whether they are to be treated as Fixed assets or consumabels and what treatment they are to be given in accounts

A company for its expansion purpose inagurates its branch (Manufacturing Unit) in the mid F.Y. 07-08 in other state, where the company incurs all the revenue expenses (viz. Car Expenses, Electric Charges, Flat Rent, General Exp., Staff Welafre, Postage & Stamp, Printing & Stationery, Professional Fees, Telephone & Traveling Expenses) and till the F.Y. 2007-08 production is also not started. All the abovementioned Expenses are directly attributable to such Branch, Can these expenses be Capitalised and added to the cost of the Project, Can these be recognised as pre-operative expenses and added to the work in progress?

What is the max penalty for not depositing the S.Tax collected.

If anybody collect the service tax and do not deposit it with the department. What would be the maximum penalty or punishment.

Arvind Aggarwal

Dear Sir,

Can you give any reference for complete RBI guidelines on consortium banking arrangement to borrowers. Please give reference of master circular/notification if any.

We are Private Ltd. Co. We had appointed Director by Passing resolution in AGM of the company.

But Director wonn't applied for DIN in 2007-2008 & pending till the date.

My Quary is wheather Remmuneration paid to that Director will be allowed as expenditure in 2007-2008 or Not.

For calculating delay in deposit of Provident Fund, Actual Payment Date (as shown on the Challan) or the date of credit in Books which of the aforementioned dates will be taken?

what do you mean by interest accrued but not due?