Are there any other statutory adjustments with divisible profit, other than current year depreciation?

Our Client, a mandap keeper, receives some percentage say 25% of the bill chaged by the stage decorator to the party booked the hall. The stage decorator separately charges some amount the party and pays 25% of the bill chaged to the mandap keeper for utilising the facility. Whether the same can be treated as commission income? and whether there will be any implications on the above issue to the mandap keeper, who only charges rent to the party.( like above also getting some amounts from the lighting ,shamiana contractors etc )

What is the FBT Laibility on the Medical Exps. incurred for the Director of Private Limited Co.?? will it be treated as salary income in the hand of director above rs. 15000/- or not.

Sir iam a pcc student and i registered on 30/04/08 and i took leave of 18days and i took transfer on 08/12/08 and i joined on 19/12/09 under new employer so can i eligible to take Exam on Nov-09
Weather my delay/gap in articleship is treated as leave.

Dear Sir

The nature of the business of my company is providing astrology and remedy services. it is registered under the companies Act. We are arranding one program named as "Muruga Trip Expenses", for this we have incurred many expenses which includes travelling expenses. further we setoff this expenses against the income which received for this expenses and this expenses is not shown under the profit and loss account.


my question is whether the travelling expensesn incurred for this trip expenses is liable for Fringe Benefitr Tax (FBT).

Sir / Madam ,

I have to apply for a DIN 1 for a Female
who is Foreign National and having Foreign Citizenship . ( Singapore Nationalality )

What will be the requirements for the DIN 1 Application ?

Is mentioning of Husband's name or Father's name is mandatory for Female ?

Will Passport copy will work ?

Pleaes reply .

Can any body clarify the Service Tax circular No.108/02/2009 Dt. 29.01.2009

Dear Members,
Please clarify the following matters.
1.if the income from house property is less than the interest paid, we have to take it as negative know.
2. The interest and Principal both together 1.50 lakhs is the exemption limit for the year or only interest part.
like 89k interest paid, receipt from house property 72k, and principal 717k paid during the year.
the negative income is -17k, and the exemption limit is upto this or 150k-72k = -78k. Please explain.

Thanks in advance.
Amar.

Cir No. 108/02/2009-ST dt 29/01/09. No Service tax on contract between Builder & Buyer of residential flat VAT Cir-6 dtd. 30/01 Fresh/Revised VAT be e-return. so any one suggest me which tax is appicable for this its urgent plz solve my Q.

What is CENVAT credit? Please explain me with an example.