3 brothers decided to do joint business.A and B were at native place doing business which after 12 years reached a turnover of say Rs.10 per year.C was at Delhi in service and started part time business which reached same turn over in 6 years.He called B from native place as growth was faster in Delhi.After another 17 years the turn over of Delhi business is Rs.600.In this also his education and contacts played slightly higher role.

Now they want to separate.C wants to retain business at Delhi.Business at native place is closed for last 17 years and A is just looking after family properties.

Shall the goodwill be divided equally? C feels that he should get more as he is the pioneer of the business in Delhi.

I wanted to know the due dates for payment of following statutory liabilities in details (please give the grace days also , if any)

1. Profession tax
2. ESIC
3. Provident fund

I am a person who is studing along with job at pay of more then minimum taxable limit.

Now I want to know taht all the expenses releated to my education like college fees, exams fees, etc. which is paid by my self. under which section can i get rebate or can i get deduction under any section?

Darshan Shah
D+61.

Dear All

(For Gujarat State)

Whether professional Tax from the stipend paid to the trainee is required to be deducted?

(Note: it is More than 3000/- permonth)

Please let me know as i have not find clarification about the stipend in the PT Act.

Regards
Rohit

Our firm has revalued the fixed assets as on 31.03.2007. The amount of revaluation was tranferred to partners capital. The said firm was converted into company under part IX of companies act as on 01.05.2007. The auditor of company wants to show the amount of revaluation in the notes of companies books of account. My query is whether the auditor is correct in showing the amount of revaluation by creating the revaluation account and reducing the amount of partners capital.

Our firm has revalued the fixed assets as on 31.03.2007. The amount of revaluation was tranferred to partners capital. The said firm was converted into company under part IX of companies act as on 01.05.2007. The auditor of company wants to show the amount of revaluation in the notes of companies books of account. My query is whether the auditor is correct in showing the amount of revaluation by creating the revaluation account and reducing the amount of partners capital.

i have a query regarding issue date of tds certificate to salary/ non salary party.
acc to law the date of issue for salary is 30-04-2008 and for non sa;ary 07-06-2008 but my query is that if last quarter tds is deposited on 14 june then how can we give the 7th date as issue date for certificate
also if in case of salary 30april is last date but if tds is deposited after it what date sholud be for certificate

PLS RPLY ASAP

I am an individual and I have a vehicle - Hyundai Santro purchased in 2002. At present there are no liabilities on the car.[ In the sense no loan outstanding ]. I wanted to know whether there will be sales tax implicable on me if i sell my car now and which all kind of tax implications will apply to me.

is there any university which provides BACHELOR IN GENERAL LAW(BGL) OR LLB in distance learning WITH ONLY 10+2 QUALIFICATION.AND IS UGC RECOGNISED

In the campus there is rule that no co. shall fill the bond from the selected canditates related to time period.Now there are many co. which are saying that you have to give notice period of three months before resign. Is this practice right or wrong under the ICAI rules.If yes then what is the Max. notice period. plz enlight me on this issue.