can you tell me that how to post to ask question from every one plz m a new user...

Can a partner of the firm lend money to the firm in which he is a partner and charge interest?

If a co. XYZ is engaged in promoting & marketing of real estate and wants to open a finance company with its own name. what are the strong and loopholes in such task. and any suggestions regarding the topics are also welcome.....

THANKS

MRIGANK TIWARI

My client has issued some cheques to vendors in July`12 out of which 2 have been dishonoured due to insufficient fund and that time there was very financail crunch of my client

The vendor has lodged a complain in the court against against my client vide section 138 of Negotiable Instrument Act.

The court has issued Summons against the above issue.

Now the fund position of my client improved and ready to pay the whole amount.

Is it possible to solve this case out of court by meeting with the vendor and his advocate.

Pls. advise

i hav completed my degree so m eligible for taking ipcc under direct entry scheme....i had sent my application on 15 september 2012 to chennai for registration of ipcc n artcleship n till now i dont know whether m registered or not.. m working under a CA since 1 n half months....but now i want to take transfer from him for which his consent has also been obtained....so can anyone help me to know d procedure for transfer....

i own a flat which has been rented .The interest on the home loan for 15 lacs comes to Rs 1.3 lacs for this house and rental value as per actual rent received is 85000/- .The property value was 20 lacs .

Now i have purchased a second flat for my own residential purpose in the different city . the property value is 20 lacs.The home loan taken is 15 lacs . Yearly interest is 1.47 lacs .

What could be wealth tax implications in this case . Will the first house property value be considered for wealth tax and if yes is it considered current value of property as per market rates or old purchased value .

As per my understanding there will be no tax implication as the home loan for 75% of property value has been taken for the second property and there will be no wealth exceeding 30 lacs if i consider the other wealth upto 5 lacs including gold and car . the first property value may not be considered for wealth assessment as only second property is considered for this .Please correct if i m wrong

Transactions Closing
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Dear Experts,

Can you Suggest me that which Option shoul;d be select by the Existing IPCC Students,Who already Passed CPT & Done PG.

I had purchased an apartment in bangalore in june 2010 registering for 31 lakhs and paying 240000 as registration + Stamp duty.
Also 400000 were paid towards furniture in apartment.
I have sold the apartment in sept 2012 for 57 lacs.(Sale deed registered for 57 lacs).

Please advice on how i can invest 57 lacs to reduce my short term Capital gain tax.

Hello frendzz good morning.
Can ny1 lemme know the provision of transfer in 2nd Year..
Is it possible by mutual consent of our principal??