My husband is working as a freelancer, it is a new setup started in April 2013. I am working under him as an employee involved in maintaining books of account. I am not in employment elsewhere. Also he is transferring certain amount in my bank account as salary. Can deduction be allowed to him on salary transferred by him to my bank a/c?

Please suggest me weather Accounting Standard 22 is applicable to Section 25 Company.

Also guide me on weather preliminary expense of Section 25 Company will be amortized as per Section 35D of Income Tax Act.

Please suggest as early as possible.

Trader imports goods & pays CVD on that. at the time of selling he pass on the credit to buyer.
My query is trader has to show CVD amount in separate ledger in case if rate is inclusive of CVD?
is your answer will be same if rates are exclusive of CVD?
Any special requirements in this case with regards to MVAT for eg. we have to show basic amount separately & CVD separately?

I want to know whether a single person/ member of a listed company, have have 2 different folios in his name, now the question is that while counting the quorum at AGM it is mentioned in the companies act that the requirement of quorum is setisfied if 5 members now 15 members (Comp. act 2013) "personaly present at the meeting "
so whether the said single person would be counted as 1 member or 2 members ( as he has 2 folios in his name )
pls rply

Ours is a Pvt. Ltd Company. One of our Director Ms. X, was appointed on 26th March, 2013 as an additional director u/s 260 of the Companies Act, 1956. The notice dated 6th july, 2013 was sent to shareholders for conducting the AGM of the Company, scheduled to be held on 26th September, 2013. Even a notice u/s 257 from a shareholder was received. In the mean time, Ms. X resigned and declined to continue after AGM via her resignation letter dated 14th September,13. There were no Board meetings held between 6th July and 26th Sept.

The said notice also contained a special business about her regularization as an Director.

Now, it is confirmed that after AGM she has ceased to be a Director.

But my only dilemma is that when should be the resignation letter be accepted? At AGM, by Shareholders or by Directors in a Board meeting, after AGM?

It would be extremely kind of you if anyone amongst you could kindly explain the procedure in details.

Dear all,

The date of execution of Indenture is 27.06.2013.
The date of registration of Indenture is 25.09.2013.

Kindly confirm which date is correct for filing Form 8 (30 days to be calculated from when) as per company law provisions.

I am salaried person & booked under construction flat in October, 2011. This is my second flat(first flat is free). I have taken the loan from SBI. SBI has collected 12 months post dated cheques from Nov 11 to Nov 12 for interest on disbursement of loan. As per agreement with SBI, EMI was started from December 12 (i.e. after 12 months). The builder has given the possession in June 2013. Now for tax calculation I have considered the following points :-
1. Estimated rent to be received from Jul 13 to March 14
2. Expected Municipal Tax
3. Net Rent Received
4. Standard Deduction
5. Taxable Rent

Now my query is about pre-emi interest component is to be considered upto which period(i.e.Nov.11 to Nov 12 or Nov.11 to May 13,possession date is 13th june 13)and divide in 5 equal installments. This is my first year to take income tax deduction. Kindly reply in detailed. Regards.

Hi, i have taken membership alongwith fulltime cop but want to establish a firm. Should i have to submit any firm for approval of Firm name or only the Firm 18 is sufficient?

Sir,


1.Is TDS applicable on Postage and Courier charges even if there is no monthly or yearly contract?

Please reply

Dear Memebers,
my assessee is director in a Company & he takse a bank loan in a personal capacity & he gave some amount to the company in which he is a director..the assessee receives Rs 1600000 as interest on loan..which he give to the company !! Also the assessee receives a salary of Rs 1200000 p.a from that co.
My Ques is in which head the interest amount is taxable either in Other source or in PGBP. & is interest amount given TO THE BANK IS ALLOWED PROPORTIONATELY ALLOWED AS SETOFF AGAINST RECEIVED AMOUNT OF INTEREST i.e 1600000/-

please give ur comment in this case