Query regarding the due date of AGM for a new company

A is a private company.

Date of Incorporation : 24.01.2007
Financial Year end date : 31.03.2008
Date of First AGM : 04.06.2008
Due Date of AGM : 24.07.2008

[Every company shall in each year hold in addition to any other meetings a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it; and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next:

Provided that a company may hold its first annual general meeting within a period of not more than eighteen months from the date of its incorporation; and if such general meeting is held within that period, it shall not be necessary for the company to hold any annual general meeting in the year of its incorporation or in the following year;]

Experts' view is appreciated for the above stated 'due date of AGM' – whether it is right or not.

We are paying Service tax under CONSULTING ENGG. for our Foreign consultant and we paying the service tax on behalf of our consultant. we have the agreement for consultation, as per the agreement the local taxs are extra. He will raise the invoice and we will make the payment gross amount billed by our consultant.

in this case where we have to compute the gross amount?. It is inculusive of TDS are with out TDS, If it is inculusive ot TDS under which rule it should be?

I have purchase cotton waste & sale it to retailer & consumer whether i have to collect TCS from them?

Kindly let me know the following resolution is in order so that I shall follow :

“Resolved that Mr. X who was appointed as an Additional Director with effect from 1st May 2008 by the Board pursuant to the provisions of Section 260 of the Companies Act, 1956 and also in accordance with the Articles of Association of the company shall hold office until the date of the First Annual General Meeting of the company, be and is hereby appointed as a Director of the company and whose office is liable to retire by rotation”.

Await the response of experts.

Is there TDS on Compensation for surrender of Rights & at which rate is applicable as per new ammendment w.e.f. 01.10.2009 ?

HI,

My brother prepares and sells reports and newletters to his clients in foreign countries.

Please let us know what all tax will it attract.

Also, as the reports are sold as indipendent goods...will it be beneficial to pay service tax..or any other tax?

Hi, All,
Kindly solve my query; We have supplied some quantity to a SEZ unit through ARE1 under claim for Rebate of Duty, What are the documents to be submit to Department for taking Rebate of cenvat credit?

if an assessee having other incomes and long term capital gain but the aggregate of both the income is lessthan the basic exemption limit. Tell me longterm capital gain is taxable or not in such a situtation and tell me in such cases assessee can avial the unexhausted basic exmption limit.

What will be the appropriate accounting head for purchase of Router Firewall and Modem.