Sanjay Shiwankar
01 August 2020 at 18:17

Opening bank account

I am running private institute under welfare society which is registered under societies registration act,and is having pan card of society.now If I have to open bank account of institute, bank will be asking for pan card.which pan card I have to submit, societies pan card ?. Kindly help.how to solve issue.


Sanjay Shiwankar

I am running private institute under welfare society which registered under societies registration act and have pan card of welfare society. Is it essential to apply for seperate pan card for institute,and if yes how to apply and what documents needed and under which category.


Nitesh Worah
24 July 2020 at 04:05

Role of a nominee in case of death

The deceased had appointed a nominee in her demat account with the depository participant during her lifetime. The deceased has left behind a WILL in which there IS AN Executor (third party) and 11 beneficiaries the nominee being one of them. As per the WILL the assets of the deceased shall be disposed off by the Executor subsequent to grant of probate and the sale proceeds of these assets be distributed amongst the legatees in the required proportion.

Now After the death of the shareholder , the nominee gets the shares transferred in his personal name and is currently receiving all dividends, bonuses etc. in his account. The nominee has also appointed a nominee in his new demat account .,i.e., his wife. The probate is still pending in the court. All the legatees have consented to the grant of probate in terms of the WILL and there is no objection filed by any third party also.
My querry is :
1. Can the nominee keep these transmitted shares in his account knowing clearly that the same needs to be distributed to the legatees as per WILL by the Executor.
2. Can any legatee successfully object in the probate court on the actions by the nominee holding these shares in his account knowing fully well that these shares belong to the other legatees too.
3. Since nominee is simply a custodian of the shares , can he appoint a member of his family as a nominee in his demat account?


vikas
21 July 2020 at 23:22

Period change in PTRC challan

how to change Period in PTRC challan online or Offline?


PREMNATH
21 July 2020 at 11:05

PF Deduction

Sir

In a salary slip from which amount should the PF deducted. Is it 12% of Basic salary or Is it
12% of Gross salary. In our Company we calculate as follows:
Gross minus HRA* 12% if Gross amount is less than Rs 15000. If Gross is more than or equal to 15000 Rs 1800 is deducted. But in many companies payslip I find that PF is calculated on Basic salary.
Which one is correct. Thanks in advance.


Kollipara Sundaraiah

Gst registered regular scheme dealer trading goods of iron and cement commodities.dealer selling transactions for cash mode to un registered consumers rs.5 or8 or 10 lacs high values each person per day.
Question:
High values selling for cash mode transactions to un registered consumers if any problems under gst and I.t. act.


girigattupalli
19 July 2020 at 13:12

Clinics and hospitals under msme

respected sir.
as per my knowldge clinics and hospitals were included under msme udyam registration .
now clinics and hospitals can get benefits of msme .please discuss
thanking you


Mayur Nai
16 July 2020 at 17:18

TDS Utility

Dear Experts !!
I have downloaded justification report utility 2.3 from Traces..But unable to convert text file to excel..I am getting error like this JR-Err 1000 : Text file cannot be loaded as it does not have proper version/ header to convert to excel please get the proper text file and load it ...How to resolve it Please guide ASAP,
Thank you Great regards


Anonymous
16 July 2020 at 06:59

Investment in another business

Can a partnership firm invest in another partnership firm. If so what are the things to be kept in mind in doing so.


MAKARAND DAMLE
14 July 2020 at 17:35

ETDS Return

CHANGE IN PAN NUMBER WAS CARRIED OUT IN ORIGINAL ETDS RETURN FILED AND REVISED ETDS RETURN WAS FILED

NOW THE SAME RECORD IS TO BE UPDATED WITH DIFFERENT PAN NUMBER. I HAVE DOWNLOADED fvu FILE FROM TDSCPC SITE.
BUT IN CORRECTION IT GIVES ERROR MESSAGE AS "FURTHER UPDATE OF PAN FOR THE DEDUCTEE RECORD IS NOT ALLOWED"

IS THERE ANY WAY TO RE REVISE THE ETDS RETURN ?






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