I am in audit of Private Limited Company. Is there any provision or say in companies Act regarding the personal expenses of Director. In Income tax Act, the same expenses has been disallowed. The nature of Director Expenses is the education fees for their children. IF there is any provision in companies act, pls reply me the section number.
Thanks.

Medical Reimbursement of above Rs 15000/- for whole year i.e. 1250/-PM is liable to FBT or not.
And if a employer reimburse above Rs 15000/- in a year the part above 15000/- will included in the salary of employee?
pl answer the query is most urgent, kindly answer as soon as possible.

thanks

i want to know whether a sub borker having
taxable service i.e commission form the main borker less than Rs. 10 lakh is chargabe to service tax or not.

here in this case the sub broker issues the contract note in the name of the main borker and raises bill for commission receivalbe by him to main broker

Can anyone sugest book on e-commerce.

Can we revise the TDS return filed quarterly / annualy . If yes pls clarify the time limit for filing of revised return.

A company which has been formed in Aug-07. It is not having any employees throughout the year. Only director and Managing directors are appointed as per requirements under Companies Act. The directors have not given any salary / managerial remuneration expenses.

THere are many expenses like motor car maintanence, repair, depreciation, entertainment, travellig etc. expended by directors.

Whether this company will be liable for Fringe benefit tax?

Whether a director can be considered as a employee for this purpose?

We are making some payments related to promotional activity. But we are not taking any consideration from the receiptent just claiming the reimbursement of payments.

Please clarify, these payments are attracted to service tax or not.

Sachin

hi....,

i want to convert accounts prepared as per indian gaap into us gaap.plz tell me the steps.

thanks in advance

What are the difference between whole time director and managing director with respect to their appointment, tenure etc. please answer this in detail?

My father has purchased a plot of land which is registred in his name and he constructed a house by taking a loan from bank. Now i am paying the EMI (Principle + Interest) because my father does not have source of income and he is dependent on me. What should I do so that I can claim the deduction for EMI paid. Please advice.

Thanks
Yogesh Modi