Hi Everyone,

Question for the day.

Basically, our company is a railway infrastructure co., where we undertake railway contracts, before we receive the contract we need to pay 10% of contract value as a deposit, out of that 2% will be paid by us & balance 8% will be deducted by railways at the time of generating invoice, now my question is that 8% is to be considered as sales or it should be treated as deposit only?

I want to know if TDS is to be deducted while making payments to party on account of Arbitration Award in its favor. If Yes, under which section and percentage??

Dear Sir/Madam,

My question is

Trust has employee more than 20 then in this case can we registered in PF and Esic.
and also has exemption certificate through income tax department.

Now in this can we get registered in PF and ESIC is mandatory in our case

please confirm me

Dear Experts,

I have a query for which I require your guidance and solution. The query is as follows :-

Case :-
A closely held Pvt Ltd company located in India has set up a company in Europe which is engaged in similar business operations. The Indian Co. is now the holding co. and the European company is the subsidiary.

Question :-
My question to you is what are the statutory compliances required for holding co. located in India with respect to :-
a> Companies Act, 2013.
b> RBI
c> FEMA
d> Income Tax
e> Financial Reporting
f> Any other compliances required.

Require your guidance and solution.

Thanks

Hi,

Greetings!

I have queries related to Capital gain/Loan from the relative.

Background:

The property is newly constructed apartment and built on the land which is in the name of my father-in-law. He would like to gift one flat to my wife.

I have few queries related to this -
1. What would be the tax on selling the apartment? Process, norms & tax slab, etc.
2. Fund received will be considered as capital gain or can be shown as fund received from the relative (Non taxable)?
3. If taxable, what would be the current tax bracket and implications?
4. Can we use this fund to close open loan like Car & Home loan, show as fund being utilized in closing the current loan liabilities.
5. I would like to understand the various tax saving options.

Looking forward to your valuable inputs, suggestions and insights.

Best regards,

REQUIRED FORMAT OF SUPPLEMENTARY AGREEMENT ON DEATH OF PARTNER IN LLP

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Sir we have a society of 11flats nd it is not registered we do not have any rule book to we use common rule of society. We had a bank account but can't operate because of pan card. We wish to have a pan card so that we can open a bank account but as for address proof there is nothing because electric bill is in builder name.

Hi

Can anyone provide me spaceman of MOA and AOA of a facility management services.

Someone please help me on who can be the trustees of a gratuity trust and specifically can the directors of the company be trustees of the gratuity trust?

Sir,
Please provide me an ideal format of Partnership deed between medical practitioners to start a new hospital.