Dear friends.

I just join a ExportHouse
Many bank int charged in Firm accout
FDBP int.
PCL int.
please help me how many types of int charged and whats method of calculation bank used.
Bank managers are not give me proper response
I saw so many int
like as
normal int
delink int
penal int
other int
relastion int

sir
i have ppf account in my name and in my wife name.i contribute from my salary in both the account.
now i have opened 2 ppf accounts in my minor children name.
My tax planning is that i shall contribute 70k in each of this 4 ppf account.
and claim rebate of one lacs for 70k contribution in my account.
In this way i shall build capital for my children and my wife and be free from clubbing provision as interest of ppf is tax free.
Am i right?
kindly clarify

at present i am assesse only and claiming rebate of ppf contribution in my account.
my query is that can i deposit 70k X 4=280000 in all the account from my current income and claim income tax relief only on my deposit of 70k
is this valid?

Our Partnership Firm has a capital of Rs.2,00,000.00. What would be the Stamp Paper Requirement for the Partnership Deed as per the latest Act?

Recently I was going through the article in one of the magazine which had little bit details of the growth rate of GDP for the year 2008-09 and also annexed were the growth rate of the sectors considered as prime growth drivers of the GDP. While analysing the same I came across certain questions which I wanted to bring it to you people for a confabulation.

Before I put in my analysis (very short one as compared to that of the subject) I request my seniors and experts on this site to correct me if I am wrong.

My analysis--- I find GDP for the year 2008-09 is recorded at 6.7% which is 26% below the GDP growth rate for the year 07-08 which was recorded at 9%. (Growth rates are as on 31/3/09). But at the same time the two of the major growth drivers of the GDP, 1.Agriculture and allied sector (A&AS). 2.Industrial production (IP), both saw a fall rate of above 65% for the current year i.e. the two were recorded at 1.6% and 2.6% for the year 2008-09 as compared to 4.9% and 8.5% for the year 2007-08 respectively.

Now points which confused me and which I need to understand are-

1. How seriously are the above two sectors A&AS and IP are considered as growth drivers?

2. If even after a record fall of over 65% in these two prime sectors GDP can stand with a 26% fall, then how strongly is GDP influenced by these 2 sectors?

3. If these 2 so called prime sectors are really not contributing to the growth of GDP then what is the need of bringing something special for these two sectors every now and then?

Frankly speaking I have not done much homework befor putting up this blog, so you people please, if you can, then do guide me over my observation. I cant find a better way to conclude, do we really need a modification in measuring methods and parameters of our economic growth?

lkj

Recently, I mean we have started one private limited company. PLease help me and inform me what is the procedure by which one shareholder/Director could resign and exit from the firm. Is the process lengthy.Ineed to understand this for back-up

A company has not obtained RBI approval before commencement of NBFC business. Company is mainly trading in share for past 6 moths. Can it apply now and regularise non compliance?

Who is organising this website.

Dear friends
One of my client have interest earned on FD made out of FC A/c. TDS has been deducted from Interest income.
How to show TDS in FC-3 Return.
Whether it should be deducted from Interest income and only net interest should be shown in the FC return or should it be shown under as utilised balance coz we dont have any way to show advcne receivalbe

Dear Sir/Madam,

Till March 2009 I was working in an organisation as an employee and I am also serving as a Director in a company. Company was deduting Profession tax from my salary. I would like to know following:
1. Shall I am eligible to pay profession tax as a direcor, when I am an employee of one organisation and they are deducting profession tax from salary?
2. From April 2009 I am working in the same organisation as a consultant and I am also continuing with the directorship in another company. What steps shall I take to comply with the law.

Kindly guide.

Regards,

Vijay