Income tax

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gayathri (Querist)
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11 July 2013 A company pays subscription to madras club on behalf of director will it attract 194C ? In which section it has been specified or is there any case law for this?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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12 July 2013 Membership subscription not attract TDS

gayathri

gayathri (Querist)
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18 July 2013 thanks for anwering my question i also have another question a private limited company does not follow depriciation in accordance to companies act. an auditor says it can happen in accordance sec 350 of companies act can u please clarify

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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18 July 2013 Sec.350 of companies act is provides the depreciation allowed for calculating the managerial remuneration u/s.349. so incase any deprecation calculated while computing the managerial remuneration u/s.349 the same can be provided.