Hello,

I need some advice from the real life experiences i am facing.

My dad had a proprietory firm from 30 years. I am an MBA by qualification and I was working with my dad from the past 15 years. We both were handling the firm very well. But suddenly last year in April my dad expired due to cardiac arrest and the entire office work load came on me.

I tied up with a CA who is well known to me and we made an arrangement in which all the audit work in which signature of CA is required will be done by him. The sharing is 50% in this and the staff employed will be mine. All the audits got completed in time and returns were filed timely. Some of the existing clients went away as they had more trust on my dad since he was a CA.

Now at present there is less work for me and the 2 staff employed with me, I feel the need of only one. But if I remove one of them then next year audit will get into problem as 1 staff cannot handle everything.

My problem is after sharing the audit fees with the CA and after deducting other expenses like salary, electricity, office expenses there is not much left for me in Profit incase of running the firm.

I also have a Payroll Outsourcing business in which 2 of my clients also do tax audit with me. In payroll work my profit is taken in different entity and this work is done entirely by myself and there is no sharing of this work with CA but if I sell the firm I fear the client might go from me.

Can anyone here suggest me what course of action I must take now. Whether to sell the firm or keep on running like this with not much margin in audit work. I want to think on long term basis as I am only 35 now. My only interest is in Individual returns and Payroll work as CA sign is not required.

Thanks,

Dear Sir/Madam,

I request you to please clear my query regarding gratuity calculation.
As per Payment of Gratuity Act of 1972, if employee having completed 5 and more years of service in a company then applicable for Gratuity
but my question is, in that period employee on sick leave i.e. approx 2 years then he is applocable for Gratuity?
please confirm my said said query.
your co-operation will be highly appreciated.

Regards
Rajnish

Hello,
If i Ship items from India to Dubai for an exhibition and reimport them back to india, For documentation Purpose, who do i Bill the Items to.
Who are the consignees of the shipment.
Can I declare myself as the Consignee, go before hand and collect the shipment myself,

What is the Standard Practice for Shipment of exhibition Items.

Thanks

-Vishag

Pls let me know the procedure to close AOP ?? it is also registered under society act and under 12A income tax

Dear Expert,

As there is a company want to merge its group company, what will be tax implication on merger and after merger.

For Example
"A" Company want to Merge B & C
B Company hold the 20% of Share in A Company, whereas A Company hold the 40% share of C Company.
B company have Properties (What will be the tax implication of Properties as they will trf from B to A)

Please guide me in Merger and solve my above query in detail.

Dear Expert,

As we are planning to Convert our Proprietorship into Partnership Firm, what will be the process.
As we are Peer Review Auditor what will be the impact on Peer Review.
Is after conversion our FRN will change.

Please guide us when and how we should start the process and solve my above query as well.

Dear sir,
We are having OCC A/c in Canara Bank and we would like to submit stock statement in simple format without individual item.This statement we want to submit every three months.Kindly send me the stock statement format in excel

My email id is - pradeep.tbile@gmail.com

Dear sir /madam
Assesse demolished old house 2016-17 FY and paid municipal tax for the same year and 2017 -18 FY the land was empty he didnt constructed so he started construction of new house at same place in 2018-19 FY he gone for hosing plan to municipa office l they collected vacant land tax for both 2016-17 ,2017-18 On which based on assessed for fixation of a Vacant Land Tax,. when was vacant land tax came into force and i would like know the Assessment of the Vacant Land Tax

respected sir,
please send me format of DIR-2 for a query in response to:
DIR-2 should be provided as per rule 17 of the Companies (Incorporation) Rules, 2014 and its format should be as
per rule 8 of Companies (Appointment and Qualification of Directors)Rules, 2014.
please provide the same on mail id cajoshisandeep@gmail.com
thanks.

Hi Sir/Madam, I am planning to buy a plot in Bangalore for a agreed amount of 27.5 Lakhs. The owner wants me to register the property for 21 Lakhs as per the government value. I am applying for a plot loan based on the agreement for 27.5 Lakhs. But if I register the property for 21 lakhs as per the owner requirement. Will I have an issues? The bank agent says this is a normal process that everyone follows and will not have any issues. But i am not very convinced about it. Kindly advice on how I can go about this situation.