Does paying Exgratia over Rs.20000 Comes under the preview of this section if yes please provide me with the law.
And also salary for one employee over Rs.20000 comes under this secion or even if i am paying it for more than one employee will attaract it.

Hi, can Anbody tel me whether there has been any tax liabilty u/s 194c in case there is a single bill is more than Rs. 20000/- on which liabilty is made to deduct the TDS but if in whole year amount does not exceed Rs. 50000/-
then whethet we have to deduct tds on the bills following the bill of Rs. 20000/-

Dear experts,
please answer my query.

An unlisted public company gave an loan interest free Rs.265,000 to a director X in contravention of Section 295 during the FY 2006-07. The auditor qualified this in his report, but no action was taken by ROC.
Now this director has resigned from the company on 01.04.2009 and transferred his entire shares. During the period, he has returned only about Rs.3,000. The company is considering to write off Rs.262,000 due from him.
Is this possible? what are the procedures to be followed?

Another Director Y was given a advance for conducting the business of the company. Mr.Y has resigned from the board with some surplus money due to the company, and he also transferred his stake. Can this amount be written off as an irrecoverable debt? Is there a process to be followed?

What are the adverse implications from govt authorities in both the cases?

Please explain to me what to do.. i will be very grateful.. thanks in advance...

Dear All,

Any body could tell me the list of documents required to getting TIN No.?

Thanks & regards

Deepak Gupta

90% revenue recd on completion of contract & 10% will be recd after 1 year or after furnishing bank guarantee, Whether revenue recognised 100% or 90% on issue of invoice & bal 10% after recipt of payment

what should be tds rate charged for sofware upgradation

An assessee has sold a land last year and invested in buying a residential house for claiming deduction u/s 54F. Whether the assesee can invest the balance amount in bonds u/s 54EC and claim deduction under both sec 54F & 54EC simultaneously.

Dear experts,
Is it compulsory to write off Sundry Debtors
beyond 3 years??
If yes then under what section, please mention??

Whether payment made directly to employees of some party more than Rs. 20000 is a violence of Section 40(A)(3)?

Hi Experts!
Plz tell me is it necessary to hold an EGM to allot equity shares if we have sufficient Authorised Capital & Unissued Capital