Dear Sirs,

Would you please tell me about the circular of Cetnral Excise under which an E.O.U. can purchase HSD (High Speed Diesel)without payment of duty from Depot as well as Refineries.

Kindly tell me asap.

Regards

I want to know if a company incorporating a new comapny then whether it should go for incorporation of new subsidiary co. or incorporation of new co. as a Joint venture.
what are the major advantages or disadvantages of subsidiary or joint venture.

Please reply

Sir,
Can a director of a pvt ltd company bring in funds which he received as gift from his relatives as capital/secured loans and meet the expenses of the company?


Regards,
priya

1.My client is pvt ltd company doing hotel, boarding and lodging.Should we deduct tax for laundry charges paid?

2. We conduct musical concerts and dance for the guests. Will that expense be within the purview of TDS and under which Section?

Regards,
Priya

In case of Cash Credit and OD A/c's (Stock) what amounts to Diversion of Funds. Whether transfer in Savings or Current Accounts and to what extent. And also how much cash withdrawal dosn't come within the definition of Diversion of Funds.

As per sec. 73 amendment..w.e.f. A.Y. 05-06, the permissible years of carry forward of losses are 4..(before that it was eight).. so what will be the consequence for the loss which are already been carry forwarded as on A.Y. 05-06..
Suppose loss incurred in A.Y. 2003-04 will be carry forward till 8 yrs. or 4 yrs.?

sir,

There is problem that i,m working in a Pvt Ltd firm and paying brokerage to commission agent about Rs. 5000.00 for 2007-08. by mistake i could not deduct the TDs on above amount and paid full amount in april 08. So this amount i credited in the month of june and deducted tds because The omitted Tds i came to know in June 08 while audit then i deducted tds on this amount by crediting the amount as on date of payment. This Tdspayble is deposited in to the A.y 2009-10. Now coommission agent want confirmation of account for 2007-08 in which he has debited to our account. What should i do.

Under which head will we enter secured bank overdraft - secured loan or current liabilities?

Can I use Form "C" in case I am Purchasing Machinery and equipment (For Media)ang give them on lease to other company.

V.S. Malhotra

As we are passing on the fringe benefit to the employees like Telephone Reimbursement and reimbursement components like entertainment, vehicle running expenses for manager. Is there any way that we can recover some FBT from the employee. For example 20% FBT on vehicle running expenses can we recover 6 or 8 % from employees pls let me know