What is the difference between business promotion expense & entertainment expense for the purpose of ITR 4?

Dear Friends,

I ve read some discussions on the above topic which concluded that section 185 overrides section 186 of the Act,2013, since Section 185 is a saving provision when Section 186 starts with a phrase " without prejudice to ................ ".

As far as my knowledge goes, this phrase applies only to sub section (1) of Section 186 which speaks about investment through investment companies.

Can we say that Section 186 prevails over Section 185?

One of my client companies is a partner in a firm and one of its directors is also a partner. Before the Act,2013, this Company has been providing security to a Bank which has granted loan to the firm.

Can you throw some light on this?

Hi, Can any one please let me know the latest date by which auditor can be appointed for the company formed on 29th March, 2014.

According to Section 196 of Companies Act, 2013 Managing Director of all companies can be appointed only for a term of five years. Earlier this [provision was not applicable to private companies. in that case the period of managing director for five years will counted from 1 April 2014 ( Applicability of THIS SECTION) or before that ?

In case of our company MD was appointed in year 1984 and his term was not fixed as it was as per discretion of BOD. Now as section 196 of CA 2013 has now become applicable for private companies we can appoint MD only for five years. Shall we have to pass a Board resolution stating his term for five years starting from 1 April 2014 or will it be counted earlier from 1st April 2013. Please guide.

Dear Friends
Plz solve my some Problems

1. Building Repair/maintance/advertisment/generator on rent/ all these are consider services

2. If all these are consider services then upto 10,00,000 Rs. they are not liable to registration under service tax..

3. but if they provided services of Rs. 1150000/- they will entitled some abatement in some cases due to supply of material

eg. 1150000-37% (abatement) =724500

for the calculation of Rs. 10,00,000 what amount will be consider 724500 or 1100000

Hi...
If there is delay in payment of professional tax will it be disallowed...

Hi...
I am working in a organization where service tax paid after the due date but the return has been filed before due date.... Will it be disallowed if it is paid after due date ????

Dear All,
I would like to know that I am a salaried person and my salary is below income tax criteria, Can I file the ITR

whether contractors are professionals or business persons?

Sir,
I want to know that my company is paying salary of Rs200000/-P.m to a director from F.Y 2014-2015, In which section TDS will be deducted and rate of TDS and any other related matter to be consider in this regards.

Please help me out.
Thanks.