Samir
This Query has 4 replies

This Query has 4 replies

27 October 2007 at 12:02

proprietory business?

Can an HUF start the proprietory business?


Samir
This Query has 3 replies

This Query has 3 replies

27 October 2007 at 11:22

Partnership firm registration

Whta is the procedure for registration of partnership firm.Is there any website where we can see the procedure.Also what is the penalty for delay in registration.


Manish
This Query has 3 replies

This Query has 3 replies

27 October 2007 at 02:03

Co-operative housing society

We have registered cop-operative housing society about190 members. we have collected one time maintenance amouting to Rs. 2.5 crores from the all member and deposited in a nationalised bank. Yearly we are getting interest from the bank round about Rs.25 lakhs. From this interest income we are maintaining the society. After making the provision for Sinking Fund there is a defict in the Income & Expenditure Account. There is no cash Loss. The surplus remains not more than 10 to 15 thosuand before making sinking fund provision.
ISSUE:- Whether Bank sholud deduct the TDS on the Interest Income credited to the society?
If yes then how to get refund of the same from the Income-tax department?
Whether co-operative housing society is liable to file for income tax return?


alpesh mehta
This Query has 8 replies

This Query has 8 replies

26 October 2007 at 14:59

FEMA - import and export

i would like to know
1. whether a company can export and import goods in Indian Rupee (INR). ?

2. a company having import from and export to the same party outside India, can make net payment or receive net payment or do they have to settle the invoices individually ?


Samir
This Query has 4 replies

This Query has 4 replies

24 October 2007 at 15:23

Ownership of house

Hi,

I have purchase a house, wherein the first name is of my mother and second name is of mine. All the money has been paid from my mothers account. In this case I would like to know, would I be considered as the co owner?


Sindhu
This Query has 2 replies

This Query has 2 replies

WHAT ARE THE PROCEDURES TO BE FOLLOWED TO TRANSFER MONEY TO A NRE ACCOUNT??? ANY PRIOR PERMISSION REQUIRED FROM ANY AUTHORITIES??????


meenu salwan
This Query has 5 replies

This Query has 5 replies

23 October 2007 at 20:52

training of articles

sir,
I am doing part-time practice . Can i train articles ?


Harsh Raiyani
This Query has 3 replies

This Query has 3 replies

23 October 2007 at 17:21

Unpaid Bonus

What treatment do we need to follow for unpaid bonus (for employees resigning during the year).

Do we need to transfer the sum to 'Employee Welfare Fund' ?


vipan
This Query has 2 replies

This Query has 2 replies

23 October 2007 at 11:55

Basic Processor of FBT

hi all


i want to know what is the basic processor & formalities of FBT like..
Form
heads on which tax is applicable
Tax rates
Date of filing Return ie annually semi annually quarterly or monthly

Thanks & Regards
Vipan


Mridula
This Query has 2 replies

This Query has 2 replies

22 October 2007 at 13:20

Interpretation of Deed


Our Company has A valuable Govt Custmor say X ltd.

The terms & Conditions of purchase order is as under:

In case of delay in delivery beyond specified date then there will be a deduction towards LD (Liquidated damages charges) @ 1% of the basic order value only.

Now,part of ordered goods have been delivered in time. for rest of the goods which we have delivered after due date, the client is deducting LD on TOTAL BASIC ORDER VALUE BUT NOT ON BASIC ORDER VALUE OF UNDELIVERED PORTION.
On another second late delivery of same order, they are deducting LD ON TOTAL BASIC ORDER VALUE BUT NOT ON UNDELIVERED PORTION.

Ex. Total basic order value : 500000
60% delivered in time so no LD

rest 25% 1 week late of basic order value 125000: LD deducted on Rs 500000 whereas it should have been deducted on rs 125000

Rest 15% 2 week late of basic order value rs 75000. LD Deducted on rs 500000 whereas it should have been deducted on rs 75000.

That means for every late delivey ,client id deducting LD on TOTAL BASIC ORDER VALUE.

There is no result of Personel Meetings & disscussions. The client says that we have mentioned in our Order LD on TOTAL BASIC ORDER VALUE but according to my and my directors view it is implied that it is on undelivered portion only.

If iam Correct than what step i should take to recover the payment
Whether i should go for interpretation of deed.

Kindly Solve the problem






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