The deceased had appointed a nominee in her demat account with the depository participant during her lifetime. The deceased has left behind a WILL in which there IS AN Executor (third party) and 11 beneficiaries the nominee being one of them. As per the WILL the assets of the deceased shall be disposed off by the Executor subsequent to grant of probate and the sale proceeds of these assets be distributed amongst the legatees in the required proportion.

Now After the death of the shareholder , the nominee gets the shares transferred in his personal name and is currently receiving all dividends, bonuses etc. in his account. The nominee has also appointed a nominee in his new demat account .,i.e., his wife. The probate is still pending in the court. All the legatees have consented to the grant of probate in terms of the WILL and there is no objection filed by any third party also.
My querry is :
1. Can the nominee keep these transmitted shares in his account knowing clearly that the same needs to be distributed to the legatees as per WILL by the Executor.
2. Can any legatee successfully object in the probate court on the actions by the nominee holding these shares in his account knowing fully well that these shares belong to the other legatees too.
3. Since nominee is simply a custodian of the shares , can he appoint a member of his family as a nominee in his demat account?

how to change Period in PTRC challan online or Offline?

Gst registered regular scheme dealer trading goods of iron and cement commodities.dealer selling transactions for cash mode to un registered consumers rs.5 or8 or 10 lacs high values each person per day.
Question:
High values selling for cash mode transactions to un registered consumers if any problems under gst and I.t. act.

respected sir.
as per my knowldge clinics and hospitals were included under msme udyam registration .
now clinics and hospitals can get benefits of msme .please discuss
thanking you

Dear Experts !!
I have downloaded justification report utility 2.3 from Traces..But unable to convert text file to excel..I am getting error like this JR-Err 1000 : Text file cannot be loaded as it does not have proper version/ header to convert to excel please get the proper text file and load it ...How to resolve it Please guide ASAP,
Thank you Great regards

Can a partnership firm invest in another partnership firm. If so what are the things to be kept in mind in doing so.

Assess maintained a hospital(nursing home.)
Bill
Consultation (o.p.) Fee
Room rent
ICU charges
Doctor's visiting fee
Surgeons fee
Anesthesiologist fee
O.t. charges
Nursing charges
Others.
Question:
Assess all fees collected charges accepted in I.t. act and any not accepted fees in I .t.act.

SIR
A Steel manufacturing company leased its plant and machinery for a period of five years by the lease agreement to another company for the purpose of manufacturing in Namakkal.
To register the lease agreement in sub-registrar office, directors of both the companies should sign the document in sub-registrar office.

Unfortunately,one of the director who resides in Chennai, is not able to come to the sub- registrar office, Namakkal as covid-19.

At this time, Can that director appoint his manager who resides in namakkal to sign at the time of registration?

Thanks in adv

Dear Sir,
Good Morning,
One of our staff left organisation on 14.03.2020 & she is working as an consultant in our organisation.
She has worked for 14yrs in our company. Now, she wants to withdraw Pf (Rs3 lakhs) & pension amt (Rs.1 Lakh).

She need to fill Form 15G. She is a tax payer & filed ITR for fy 2018-19 (Ay 2019-20). Please help me to fill SLNo.17 Estimated total income of the py (ie. Rs.3Lakhs (pf) + Rs.3.33Lakhs(yearly income)=total Rs.6.33Lakhs. (is it right)
Please let me know after submission of form15g for Rs.6.33Lakhs whether TDS will be deducted or not.
Thanking you,

Dear Experts,

I am planning to buy a school (Land + Building) which is currently registered as a Society under Andhra Pradesh Societies Act and rent it out to the same management. Please note that, I am not planning to run the school at least for next few years, due to different obligations, so I am planning to rent it out to the current management as they are interested in running the school for next few years.

As the School is currently registered under Society, I am not sure what is the best way to buy and rent this school. Could any experts in this forum please answer below questions. Greatly appreciate your help on this.

1. Is it a good idea to create new trust with my family members as members and purchase the School (land/building) in the name of trust and rent the school to the existing educational society which currently owns the school? OR Is it better to buy this property as an individual (on my name) and create rental agreement?

2. Which is better between registering property under my name vs newly created trust name from cost/taxes perspective? In case of trust name, Do I need to pay Property registration charges of 7.5% ? For example, in Andhra Pradesh, the base Andhra Pradesh Stamp Duty rate of apartment/ flat is 5%, transfer duty is 1.5%, and the registration fee is 0.5 %

3. In future, If I want to run the school then what is better option Purchasing the school on my name VS purchasing the school on trust name?

Thanks,
Kumar