Partnership firm provided remuneration to working partner as per partnership deed and as per section 40(b). Assuming firm provided remuneration of Rs. 10 lacs and paid Rs. 3 lacs to partner, whether partner can pay tax on Rs.3 lacs following cash method of accounting.

Dear Experts, kindly assist me and let me know whether a chartered accountant in practice can become a director in a private limited company. and if so possible than what legal processor should be followed by him. looking forward to hear from you all soon.
Thanks & Regards

Respected Experts

Our Co.booked stall in Exhibition& Invoice Amount Rs 160000.00, by mistake We have deduct the TDS in section 194 C , TDS amount has deposit & file the return.

But this case covered Section under 194(i)and Tds should not deducted bcoz Invoice amount less than Rs 180000.00

My Query is our co deducted the tds in wrong section and TDS return also filed .Please suggest me how does solve the problem

Dear all
can i take a bank loan on property which in name of my mother.
can she by POA may authorise me to take bank loan OR is she required to transfer that property in my own name.

please reply early

what is the difference between implied contract and tacit contract?

Sir,
I have completed my IPCC in Nov 2013 and I want to start my articleship in Delhi.I have not yet started it.But I want to register for final course now. Can I do that without starting articleship.I wish to start my articleship after six month.Please also suggest me names of some good small CA firms in Delhi for articleship.

One of my client received order U/s143(1) as on 13/02/2014 for the Asst Year 2012-13with Tax Payable of Rs.10/- for the Interest U/s.234A.Actually when we file the return we given the chalan for less than 10/-which was made mistake by clerically.Whats the remedy for that ,is it possible to waive that interest

Dears,
there is two properties in the name of our boss purchased from the same company on same time but property value is 39.30lacs each. now the installment has been due of rs.3.30 lacs. it is need to deduct tds on the property transaction but i am confuse that i do consider both value or separate value for TDS depositing because it is compulsory the property value should be 50 lacs or above.
kindly advice that i deducted tds to consider both property. if i do not consider both properties then no tds will be applicable on it.

According to sec 64 (1) clause4 where an assest is transfered (other than house property) by an individual to his /her spouse otherwise than for adequate consideration or IN CONNECTION WITH AN AGREEMENT TO LIVE APART any such income from such asset will be deemed to be income of transferor. However this section not applicable in the case of : IF ASSETS ARE TRANSFERED IN CONNECTION WITH AN AGREEMENT TO LIVE APART. I'm confused on the highlighted portion. please clarify it thanks! in advance.

Dear Sir,

A registered service provider has provided fabrication services to an exporter ( who is not an exporting unit in SEZ).
Now I want to know whether these services are exempt or any input refund by the exporter can be claimed or not in the following cases:

1. When only services are provided.

2. When services are provided as well as goods used are also provided by the service provider in works contract

I also want to know WCT taxability in the abovesaid case.

In anticipation for your reply.