Dear Sir,

I wants to understand how can a Board of Directors of Pvt Ltd Company change its bank account operation from single authorised signatory to twin authorised signatory?

Brief of the case
Our company have three Board of Directors and one of the director independently handling company account as per board resolution made in the yr 2010. Now other two directors detect some irregularities in the account hence, decide to change single operation mode to twin operation mode in the bank. However the present authorised signatory (Director) is against the proposal. (Also informed that he himself holding 52% of shares of the company and other 2 directors have 40% of share holding, 20% each). Now I wants to understand that a board resolution for change of the above in the bank having two board of directors is sufficient for change in the bank?

Dear Sir,

One of my assesses is engaged in tour & travel business. He is received commission more then 5 lac.

Kindly advise to me he is liable for audit u/s 44ab or not

Dear Sir,

I am a member in practice. I have obtained a mortgage loan from a bank. I want to know whether I can accept appointment as the stock auditor of the same bank. In stock audit the auditor is required to express opinion on the financial statements of the borrower i.e. party of the bank. Stock auditor is not required to express opinion on the financial statements of the bank. So this is not a violation of the professional ethics in my opinion.

Kindly provide your opinion on the matter.

Thanking you.

Respected experts my client have registration under service tax act. he want to pay tax on menpower supply. he is service provider. how much he have to pay tax 25% of tax or complete 12.36%. please guide me.

What is the athentication code in TRACES ?

Dear Sir,
There is a person who is resident of Dubai, earning Income from FDR arising in India Amounting Rs.7000000. so please guide us what tax rate will be applicable for his income???
Is normal tax rate will be applicable or there is some special rate for NRI with reference to DTAA????

Hi everybody !!

I am a CA and working full time with a MNC in India. Can I also run a business on my name ?

Please suggest as to how can I do it if it is permissible by ICAI ?

Thanks.

A FIRM HAVING SALES LESS THAN 1 CRORE AND HAVING LOSS IN ITS BOOKS OF ACCOUNTS, WHETHER THE FIRM IS REQUIRED TO GET HIS ACCOUNTS AUDITED OR NOT .....BECAUSE AS PER SECTION 44AD AUDIT IS REQUIRED ONLY WHEN THE TOTAL INCOME EXCEEDS THE MAXIMUM AMOUNT NOT CHARGEABLE TO INCOME TAX AND IN CASE OF FIRM THE MAXIMUM AMOUNT NOT CHARGEABLE TO INCOME TAX IS 0

One of my clients has paid 10 lacs advance to contractor without deducting TDS in F.Y. 2012-13 and now he is depositing the TDS in July-13 moreover he has not filed his TDS return for last year. what could be the interest & penalties?

Dear Experts,

I am a LIC Agent, Woman Assesse. I have earned Rs. 35000 as insurance commission on which Insurance company deducted Rs. 3500 TDS u/s 194 D.

I have never ever filed Income Tax return as there were no deductions in my commission amount.

Some people suggest me to file ITR-4 and showed this income under Entry 51 as not maintaining books of accounts under Gross Receipts Rs 35000.

Or I have to file ITR-1 and shown this income under Income from other sources Rs 35000.

I have also earned Rs 3250 thru my bank account sb interest.

I am a part time agent and I will operate from my home, work for 4months only.

Pls suggest the correct treatment in order to get the TDS refund as I have no other income apart from that.