i was reading AS-17 semgent reporting and and i could not understand the following sentence.
Interest is allowed as an expenses to reportable segment if segment is engaged in financial operations.

what is the meaning of fiancial operations ?

Is there any limit for the remuneration of directors of a pvt co.? I am the director of a pvt ltd co. The Co.s profit before my remuneration is Rs.5,00,000/-. I demanded a remuneration package of Rs.6,00,000/-p.a. But my legal solicitor rejected it saying that my remuneration will lead to a loss picture not acceptable by IT Act and also that a ceiling has been fixed by the Co.s Act. I also came to know from my friends that this limit is not applicable for a pvt ltd co. Can anyone clarify me that whether i could draw excess remuneration than the profits? Whether this will be accepted by IT authorities and MCA authorities?

How Revenu Recognise in folloeing conditione

1> Land own by builder and developed by him
2> Land own by other's and developed by builder.

in above bothe case how revenu recognised in case such building are sold by builder in such a case what accounting stander followed. and method of accounting

reply as soon as eraly possible

thank's

R/Sir
While filling form 56 D for claiming exmeption u/s10(23D)
Which year is to be mentioned whether Financial Year or A.Y for which exemption is sort ti be claimed??

If a compnay is selling its fixed asset whether vat will be applicable on such sale, particularly sale of motor vehicle.

I have got an offer from Sandmartin for articleship. Should I join it or wait as other offers are in pipeline??

A public limited company want to have a new company as Subsidiary. What all exemptions & benefits the parent earn by having a subsidiary. If no benefit of a subsidiary then will it be legally beneficial to set up a new company with same MD & Directors?

A Company wish to gift a car to a consultant apart from the agreed fee, as he helped them in acheiving financial closure of a project in quick time. whether TDS provisions are applicable in case of gift of car. if yes, which section/case law deals with this?

please help me out

Through Notification No. 53/2010 Service Tax CBEC has provided conditional exemption from service tax to the right to use packaged/canned software. Prior December 21, 2010 Notification No. 2/2010 and 17/2010 was present for similar kind of exemption. The conditions for availing exemption from Service tax is as below:

(a) In respect of software manufactured in India - The manufacturer, duplicator, or the person holding the copyright to software has paid the appropriate duties of excise on the entire amount received from the buyer (b) In case of software Imported into India - The importer has paid the appropriate duties of customs on the entire amount paid by him.

Query:- In case the manufacturere covered under SSI and not making actual payment of Excise duty would get benefit of exemtion in service tax. (Mind the word used is appropriate duty of excise has been paid)

If an assessee sells a residential house and purchase the reseidential house from her wife name, whether exemption u/s 54 can be claimed.
If Yes, Whether A.O can treat it as Gift or Loan to wife and taxed the same under the head income from other source.