what is the procedure of closing current account and do we eligible to withdraw the money deposited while opening the account since opening of account we have not made any transaction from such account which we want to close. is litigation will arise ??

please guide about the above query,

I want to construct my house. If i take a loan from bank for construction of my house in july 2017 and suppose my house construction completed in july 2018. then how can i claim tax benefit of EMI started from month july 2017

Can a registered partnership firm be a partner of another partnership firm??

Apart Form filling Form 109, do we need to write I plain paper regarding transfer of articles if transfer is taken before one year? Please suggest me urgent

Hello Everyone,
Actually I was pursuing my articleship training under a Partnership firm in ghaziabad, which located me at client place for all the 6 days. And the client was using me as his clerk, that's why i asked for transfer many times to my principal but he used to tell me that ask to the client for transfer, and the client use to refuse every time. But after 9 months they agreed to give transfer after completing an assignment. But they again refused and said to complete 12 months of articleship. Then I discontinued the office. My principal made false complained against me with the institute. After his complaint my cousin talked to him for transfer after a month but on that day he made another complaint that i am trying to make pressure on thim and making political pressure which was again totally a wrong complain, my cousin didn't said even a single improper word or any type of unnecessary stuff which proves that he is making pressure on him.After making complaint he called me and scolded over the phone and when I said apologies to my sir and requested please sign the my transfer form, he called me in his office and threaten me that I will spoil your career, you don't know my family background, my relatives and the persons with whom I used to sit on daily basis. He said "Just Google my father's biodata", he tried to harass me mentally.I told him that i have nothing to do with your family background and I am just a son of a farmer, who died when I was 2 years old, how can I do something with you sir. He asked me to join him again and when i refused to do so, he said now I will show you my power etc. Now it has been nearly 5 months, but i have not got any solution. Whenever I ask him, he (my principal) says that your matter is pending with ICAI, and institute personnel says that we can not do anything. In all this my career has stopped at a point and i am not getting any solution. I just want any guidance that whether I should do anything else for my career or I should wait for ICAI, I mean to say will ICAI do something in this case?

sir
actually we have a society . and recently we have taken on school under this society. now we want to open account to that school . actually our society have account with axis bank.here my doubt is
1.can we open school account in the name of school with other bank?
2.does we require another pan no for school other than society pan no. to open bank account for school?
3.can we open another accounts with other banks?

We buy goods from delhi and sell it in Indore. We are based in pune.Which bills transporter will carry? Invoices raised to me by delhi firm and how will transporter have my invoices raised to Indore party? If delhi bills reach Indore party , they will know my purchase price alsoPl advise

Hello experts,

Can a resident individual own 100% shares of a C corporation US based LLC without formalities of ODI?

The individual won't remit a single dollar but would receive money in the capacity as professional for providing services to this LLC owned by him.

Best regards
Shikha

BEING AN EXPORTER MANUFACTURED GOODS AND EXPORTED TO A FOREIGN COUNTRY AND RECEIVED PAYMENTS THROUGH BUYING AGENT FOR EXAMPLE RS.95/- AND INVOICE PREPARED BY THE BUYING AGENT (SUPPLIER) TO THE IMPORTER FOR BANK PURPOSE. WITH REGARD TO SHIPPING BILL, CUSTOMS CLEARANCE AND DUTYDRAW BACK ARE RECEIVED BY THE MANUFACTURER EXPORTER AGAINST RS.95/-THE SUPPLIER ( BUYING AGENT ) PREPARE BILLS FOR RS.100/- AND RECEIVES PAYMENT THROUGH BANK RS.100/-IN THE NAME OF NOSTRO BANK A/C AND THE BANK TRANSFERS RS.95/- TO THE EXPORTER-MANUFACTURER AND TRANSFERS RS.5/- TO THE SUPPLIER ( BUYING AGENT)
KINDLY CLARIFY THE IMPACT UNDER GST ACT , SINCE INVOICE PREPARED BY THE BUYING AGENT AND PROCESS THE PAYMENT AND RECEIVES RS.5/- ONLY IN HIS FOREIGN INWARD REMITTANCE A/C. THE BANKER SAYS ALL THE PROCEEDINGS ARE AS PER RBI NORMS. KINDLYCLARIFY THE IMPACT OFRS. 5/-AS COMMISSION AND FUTURE CONSEQUENCES FOR BILLING RS.100/- TO THE IMPORTER.
WITH REGARDS
CA.P.SHANGAR

I had a cc limit in HDFC BANK LTD at Ludhiana of 185lakh. I take over my limit to Indus ind bank on 16/06/2017 and Indus ind bank paid all otstandings of HDFC Bank. I deposited interest on outstanding from my own source and requested Hdfc relationship manager for closure of limit and issuance of no dues certificate. Hdfc bank is demanding 2% takeover charges by saying that it's been mentioned in MFA and Sanction letter. Sanction letter says that Borrower is liable to be charged takeover charges of 2% in case limit is taken over by other bank during tenor of loan . In my case tenor expired on 15/06/17 and moreover i refused renewal one month in advance by writing to my relationship manager. Now they are consistently demanding charges and not issuing ndc. Pl suggest what to do. Are charges applicable in case of take over of exposure even after expiry of limit.