Is guarantee commission to director or managing director of a limited company, allowable expenses for the company????

secondly, if the limited company is having a joint venture with a foreign company, than also such commission is allowed???????

Above both questions are to be answered in the context of Income Tax Act, 1956.....

Thanks....

CAN ANY ONE FORWARD ME THE MAIN CLAUSES IN THE MOA FOR THE COMPANT DEALS IN AGRO PRODUCTS AND IN ANIMAL FEEDS ITEMS

After amendment ST on director fees is Company's responsibility.

The query is whether ST is applicable on the reimbursements like Hotel expenses, travelling expenses claimed by the director ?

All the reimbursements claimed are actual amount spent by director & no addition is made in claim ? Original bills are also submitted by director...

Does it fall under pure agent category ?

or Company has to pay ST on reverse charge basis on the reimbursement amount ?

The property is purchased in April 2012 which is still getting constructed and no possession taken but EMI started. When the client sells his old house in April 2013, whether he can claim benefit of paying capital gain tax showing the under construction property which he has already purchased. If answer to earlier question is YES then upto what time frame he can avail that tax benefit?

There is excess of input service tax balance in our accounts after adjusting the cenvat credit towards the output service tax liability. Now can our company who is liable to pay the service tax under reverse charge basis on GTA services adjust the same against the service tax liability to be paid under RCM towards GTA services ?

Dear Sir,
We are a pvt ltd company, suddenly our auditor has resigned (i.e. on 29 september), as we had shortage of time to hold AGM,so conveyed a BoD meeting (all the directors are member also) to appoint the auditor.(meanwhile we got extension of time to hold AGM till December.
Auditor is appointed at BoD meeting(all the director are shareholders also)where 74% director was present.
now can this appointment of auditor is void if same is rectified in AGM.
Pls suggest
Thx

Dear Sir

It would be helpful to know your opinion, views on the following

When A Pvt Ltd company changes its name and MCA duly issues the CoI approving name change. What happens to the PAN Card of the old company.

Do we have to apply for a new PAN card and surrender the old one

or the necessary changes can be requested at TIN center in the OLD PAN Card so that PAN is meant for new entity and no remains the same.

Best regards// Raju Agarwal

Hi,
An assessee has filed his US Income tax return for year ended 31/12/11. As per the Double Taxation Avoidance Agreement between India and USA: How much credit is available in India for US taxes paid? How are Interest Income and dividend income earned in USA taxed in India? The assessee has LTCG (-11632$) ie a loss. How will this impact his Indian Income tax return? The assessee hax expired in FEB 2012 and has Retirement account(USA): $617500 AND Social Security(USA): $19808.Will these be taxed in India? Please reply.

Respected Sir,
For the FY 2005-06, NSDL website is displaying that refund has already been encashed on 28/08/2007. But we have not received the refund.
So, how to get the details of encashment as who has received it and in whose Bank account it has been credited???

Under sec. 293 (1) (3) what shall be included in the amount of total borrowing made by the Company, is it inclusive of both long term & short term borrowings & can a borrowing limit set by the Company in the year 2009 in GM can the same be limit be now followed...??