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LCI Learning


VIKAS KUMAR SHARMA

Sir
in 2012 my friend established a partnership firm as authorised signatory, under VAT registration made FD as surety in Bank of India, after 5 years they shut the business in 2018
but in form 26As of my friend shows Fd since 2017-18 bank also confirm FD but my friend do not have account their do not have any document related Fd
how to get refund(if he opened saving account in same branch possible to transfer FD on his name)
please advise appropriate way to resolve issue


H Thakar
06 March 2024 at 16:34

Tax calculation - Income tax

One of my relative is working as a housekeeper as a domestic worker and is receiving salary around 35K. (Rs 4.20 Lakhs) which is below taxable limit. what will be tax implication if he gets gift of Rs 2 lakhs rupees from his employer. Being domestic worker he is not filing any returns


Sanjay

Sir,

Please solve my below query
our one of the employees is already registered for ESI before three year but last year he is cross the maximum limit of Gross salary ie. Rs. 22000/- now is salary is reduced due to his performance last year is not upto mrk hence his salary is reduced by Rs. 2500 now is Gross salary is Rs. 19500 .
now is again eligibility for ESI please clarify for registration process
we tried his registration using his old ESI number but which is date of appointment is mention while registration in software old actual date of employment is not taken because old date is last 4 years.

Please tell can we registration his esi for date of appointment is today date ?

Thanks & Regards


Kopal Mittal

Canadian citizen has a property in India . She wants to sell it by making her mother ( Indian citizen) power of attorney. And then sell . What will be the provision for stamp duty as she is a daughter . Will there be double requirements for stamp duty
Like stated in this https://www.makaan.com/iq/legal-taxes-laws/managing-from-abroad-how-power-of-attorney-helps-nris-manage-their-assets


Indhu
04 March 2024 at 18:49

SWEEP CREDIT

What is the tally entry for sweep in credit and Interest on sweep in credit from fixed deposit account mentioned in current a/c statement


Laxmi Shah
04 March 2024 at 14:40

SOCIETY ACCOUNTS AND AUDIT

Hello,
Our Society does not maintain accounts and does not audit. so what's the rule


Gagan
04 March 2024 at 10:56

International subsidiary

I wish to form a 100% owned subsidiary for our company in the US. I have already applied for the EIN number.
I wish to know what all steps I need to take in India, and how I can proceed.
I know that I need to get a UIN, ODI part 1. Anything else needs to be done to maintain proper systems and documentation. Can I get an expert to help me out in my journey?


k chakraborty

as per partnership act section 59(2) a firm which is registered shall use (registered) immediately after its name. Now do we need to include this in "for" stamp of the partnership? if any one have info please guide me as to where should we use this word after firm name. as per our rti to the registrar there is no need to change in the PAN so we cant use it in our GST invoice. In such a case where should we use it what does other firms do?


rahul deshmukh
29 February 2024 at 15:46

TDS @ 20% for inoperative PAN

Can 20% TDS deduction made on non-linking PAN be claimed by deductee?


Venkatraman Iyer
29 February 2024 at 15:03

Withholding Tax question

Hello,
Can a Foreign Company with no PE but has a PAN can request for a lower Withholding tax certificate.