Is it necessary to file any form under partnership act, 1932 if there is a change in profit sharing ratio between the partners. well that partnership was constituted in Maharashtra so please reply accordingly and let me know any Specific form, if any, to be filed.


Regards

my friend name is raj ps (p stands for pollachi(AREA)NEAR COIMBATORE and s stands for his father sundaram) . but he have id for raj ps ,pan alloted to him in the name of raj S ,HE HOLD DOCUMENTS IN THE NMAE OF RAJ PS ONLY ,

NSDL ISSUE PAN WITH NAME RAJ S ,ONLY FATHER NAME ONLY ALLOWED , HOW CAN I PROCEED,
HELP ME IN THIS QUREY,,,

Dear Experts,

Is wealth tax applicable on FD of a individual assessee worth Rs. 1 crore.

Kindly refer applicable provisions and case laws.

Regds,

Hi,

We (me and my father) sold piece of our ancestral property in Lucknow on 1st December 2009. The type of land was "Commercial" and the person to whom the property was sold had been occupying that piece for last 20 years or more. As per the Sale Deed, these are the details:

Sale Consideration : x
Market Value : y
Stamp Duty Paid : z -- This is on market price.


Since it an ancestral property I understand that valuation of the land on April 1st, 1981 would be the actual cost of land. The confusion here is about the selling price. The stamp duty was paid on Market Value but the money we got as per the Sale Deed was x. Please note than x is lesser than y in this case. The property was sold lesses than market price because the tenant was holding the property for last 20+ years or so.

1)For calculation of Capital Gains Tax which amount will be taken into consideration – selling price or market price ?
2)What is the time frame to purchase Government Bonds after the sale ?
3)Even if I purchase the bonds do I need to file for tax showing that I have invested the money in bonds ?


Let me know if you need any more info from my side.

Thanks in advance.

Regards,
Saurabh

1. in which group i can create vat tax (it which amount is to pay )
2. in which group we can create partners withdrawal accounts.
3. in which group we can create finacial creditors (hand loan givers, security loan givers other than bankers)
4.in which group we can create TDS (what sundry creditors deducted from us and what amount we deducted from others)

i had made a deed in the name of my Wife and one of my relatives for carrying out a Financial services business. it was dully registered and with pan card and tan no. allotted. now due to some regulatory issue i wish to remove my wife's name as add my name in the partnership. what should i do and what steps should i follow?
i should make a fresh deed or amandement deed and should i inform the income tax and nsdl for making changes in PAN or Tan also?

What is the meaning in accouting ?
A, Sales
B, Production
C, Consumption of Raw Materials
D, Consumption of Stores
E, Sundry Creditors

thanks in advance

Please tell me what is the last date for applying for membership if a person has passed CA Final in May'09.

I've read somewhere that it is 31st March'10. Is it True?

Please reply

It was told that
employees working at
HAMARIZ FREE Zone at UAE
are surrender their passport to HFZ till the contract of employement..

Pl. advise is it so...?

How a passport to be..?
Is there any (international) law
covering this..

Pl. advise..

1. The sales and profit of ABC Ltd., is as follows for 2007 and 2008:

2007 (in Rs.)
Sales 30,00,000
Profit 3,00,000

2008 (in Rs.)
Sales 45,00,000
Profit 6,00,000

Calculate:
1. P/V Ratio.
2. Fixed Cost.
3. Margin of safety of two periods.
4. Sales required to earn a profit of Rs.7,50,000.
5. Profit when sales are Rs.20,00,000.
Could anyone solve this plz.....thank u in advance