Dear Friends,

Is Ceiling for Commission i.e. 1% of Net Profit or, 3% of Net Profit to a non-executive director of a Private limited Co. applicable or, not applicable?

Now, If, the above Ceiling is not applicable then , A private Limited Co. has esteemated Net profit for F.Y. 2012-13 is Rs. 6 Crores and said Co. given the Commission to a non-executive director i.e. Rs. 30,00,000/- (above 3% of N.P., and Co. have no M.D./W.D./Manager).
Is it Correct ? if Not Correct thn what should be Correct amounts of Commission ? Please advise.

Regards,

Vicky Srivastav

Please solve my query its urgent..
My Client A owns a Land and he has made a partnership firm fo developing a tower now my query is wether AS 7 can be applied to partnership firm and whether remuneration can be divided to A and other partners ,..

whether it is necessery to pass both group of ipcc for registration GMCS-I.as per the annonucment of the icai it should be done within 1 year of article ship but if a student is not passed his 2nd group in 1 year what's its effects.

pls reply as early as possible.

Thanks and reagrds

We have setup a new Software Services Company and opened a current account. Our banker assured us (verbally) that we do not need an IEC code (Importer Exporter Code) to recieve foreign inward payments from our clients in US.
However, from other sources, we are getting an opposite response.
What it the correct procedure? Do we, as a software development Service Provider, need it or not ? Or is there a limit upto which, companies can recieve remittances without an IEC code?
Please advice. Please also let us know if you can recommend any consutant who can get the registration done for us in Kanpur?

Regards.

Sir,
my query is about the applicability of Alternate Minimum Tax on Individuals & HUF.
is it applicable on above if yes then kindly give me the complete clarification on Such above matter and also give the Circular OR Notification no. link for Verification.

Thanks

Dear CCI Members
i want to know CAS 4 certificate
1.to be prepared monthly/yearly basis
2.individual product wise/consolidated for all products.
3.how that is going to effect in CAS 4 if there is price increase of raw material in the middle of the month/year.

Sir, My is an SSI unit and I am importing second hand weaving looms under 3% FOB Basis EPCG Scheme.
I am applying for the license of the same.
When i applied the export obligation in INR comes to only 3 times of duty saved where as the actual export obligation figure should be 8 times of duty saved.
How can i change the export obligation figure to 8 times??

i have recently qualified as a CA, now i want to pursue CS. how can i take admission in cs? is there any exemption from any exam as i am a CA? I also want to know about the training period?

what can i do after 12. my stream is commerce

Dear All,
I had started my article ship training on 15-10-2011.I was converting from PE-2 to IPCC. when i can attend my final exam ? can i write this November (Nov-2013) ?