I have a query that if a pvt. co. desires to appoint one of their director as MD and their are only two directors in it and themselves are the only shareholders of that co. and the relation between them is of husband and wife then what are the prov. apply in that case meaning thereby is the second director is automatically interested in his appoint.. does the resolution that the director is interested in his appoint. is sufficient then who will pass the said resolution of appointment.

2; if the remuneration is at variance to schedule V then we have to follow the provisions as contained u/s 197 or we dont need to check the prov. of remunerarion as co. is a pvt. co.
3. the appointing director is also a director of another co. then can he withdraw a small amt. let say of rs.10000/- from that another co.? what are the prov. plz clear me.

thanks in advance

Sir,

An Amount of 60 Lacs is Gifted to an assessee by his Father 25 Lacs and his Mother 35 Lacs out of their own Accumulated Funds for commencing a Sole Proprietorship Business.

How will the amount be Shown in the Income Tax Return of the Assessee and His Fathers and Mothers Return?

And under Which head the 60 Lacs Rupees be Shown in the Balance Sheet of the Assessee..?

Can Father Mother of an assessee gift the specified sum in CASH to the assessee??

I am providing service of construction of house together with material i. e.material and labour are being supplied by me and provides the manufactured house to customer..... whether it can be work contract service?whether vat will be levy on material consumed? whether any abatement or exemption in this regard are available

When can we use itr 5 and itr 3. sir please guide me

Hello, I want to ask about the strategies adopt by all of you to score in Cost and FM paper in CA IPCC. Because I have not scored satisfactory marks in previous exam. Kindly help me.

Hello Sir,

Company booked air tickets of employees and air ticket comes in the name of the Employee can co get input tax of service tax paid on that bills to company??

we are advertising company in noida... in this month, we take service of job placement. we pay charges to consultancy for candidate hiring. now we have paid service tax against full reverse charge mechanism. now I wanna know in which column of ST-3. I have to fill data for this transaction. I have to fill same return or separate st 3 for full rcm. plz guide.

Please advise which ITR is to be filled for trust (employees Provident fund trust which is recognized under income tax ) whose income is totally exempt u/s 10(25)(ii). I have tried with ITR 7 but in drop down list of exemption under section 10, clause 25 is not there. please help

HELLO,

We are engaged in manufacturing of Aluminium utensils. we Import our Raw Material Under Advance license. Now There is two type of procedure we follow.
1. we fulfill Export obligation and than after we import raw material against said advance license.
2 We fist import raw material against advance license and than after we Export our finish goods for full fill export obligation.

Now my question is that, in which procedure we can export goods under claim of Rebate under rule 18 of CER 2002 ?

Sir, Please tell me the effective date from when companies amendment bill, 2016 is going to implement. As I have received name approval of company on 11th March, 2016.I want to know whether I have to complete incorporation of company within 20 days or 60 days??