Radhakrishnan

kindly give us draft for Death of Partner ( father ) and Admission of Partner ( son ) , is it necessary to get the consent from all the legal heirs of the Late Partner, OR CAN WE GET A INDEMNITY BOND FRON THE LEGAL HEIRS FOR CONSENT TO ADMIT ONE OF THEM AS PARTNER


CH. Sai Ramadasu
24 February 2023 at 17:40

Associates on Probation & EPF eligibility

Dear Sir,

Employee on probation can be given the compensation as per the trainee specific to salary component Stipend.

Whether these probation employees are eligible for provident fund and calculation on the stipend.

Could you plz share any article or policy related to this.


Shreyoshi Dasgupta

There is a contract between JSW Co. and XYZ Company. The terms and conditions of the contract reads as follows that:

XYZ Co. shall send the manpower to carry the air conditioning machines from the gate of JSW Co. for repair. The necessary repairing has been done in the workshop of XYZ Co. The repaired air conditioners need to be handed over, to the security of JSW Co (main gate office). Whether the CLRA Act shall be applied in this situation?


swamy

Husband gifted one apartment and one plot to his wife {She is house wife.) in good time. Also helped financially to purchase a plot on her name. Also helped financially to build a house on gifted plot by her. Now Wife is owner of One apartment, one constructed house {Ground +1 flour on 40 X30} gifted plot, and one plot that purchased in her name but financed by her husband. Currently no movable or immovable property is in husband's name. Both are senior citizens. Husband retired and working part time for lively wood. House is running on husband's earnings only. Two daughters are married. Husband's PF/Gratuity /Insurance money used for daughters’ marriage expenditure. Now wife not treating husband well. Planning to sell one of her properties {Gifted) for her own security purpose. Husband is not agreeing. Now what is the rights of Husband/Wife?


swamy

Two sisters and one brother got their share of assets after death of their father. Now one sister "A" thinking to gift one of her property to her sister "B" 's son "C".
1.Age of the donour sister is 55.
2.Her husband's age 60.
3.Her children (Son & Daughter) are all major and married.
4.Her sister's son major 35 years old , not married.
5.All are in good relationship and no dispute to this gift procedure.
Now what is the formalities and procedure to follow please?
1.Just Gift deed from one person "A" to "C" is sufficient?
2.All the major mebers of "A" 's signature required? {Son & Doughter -in Law,Daughter & Son-in-Law}


swamy

Partnership firm converted into Private limited company during 2010.But one immovable property (office /godown/manufacturing unit) documents still showing "Partner ship" firm name. All these years Converted Pvt. Ltd. Company operating in this premises only. No change in registred address .Claiming depreciation also .Same partners now working as Directors. Now what is the procedure to change owners name from Partner ship firm name to private limited company's name in the property documents? Fresh registration? GST payable?.


P.Madhivadhanan

A NRI who got gift from his mother (who is a green holder in USA) . He wants to transfer either as a gift or loan to his father in law & Mother in law . Both Father in law and mother in law are citizen of india. Is it permissible and if it is permissible how much transferable as gift or how much transferable as a loan under income tax act and fema act. What procedure to be followed


sangeeta

WE HAVE RECEIVED RD ORDERS FOR CONVERSION OF PUBLIC UNLISTED COMPANY TO PRIVATE COMPANY.
DO WE NEED TO FILE INC-27 OR INC-28.
THANKS IN ADVANCE.


Abhishek Gupta

I am buying an under construction apartment in Bangalore from the landowner's share. The title and other documents of the apartment are clear. There are 4 owners of that apartment - Mother, Son1, Son2, Daughter (who is a NRI). Mother has the power of attorney from Son1, Son2, NRI Daughter for the purpose of sale of apartment in the society built on their land, signed and registered at sub-registrar office. Does the Power of Attorney need to be certified by the Indian Consulate/Embassy of the country in which the NRI Daughter resides?

I have already paid 10% of property sale consideration to the Mother's bank account for signing the sale agreement.

Now I got to know from a bank employee that I am supposed to pay the amount individually to each of the owner's account proportionate to their ownership share (so 2.5% each to the 4 individuals account instead of 10% to the account of POA holder) and while paying the NRI Daughter's share, I am supposed to withhold 22.88% of that payment as TDS (and pay it to Income Tax department). The same process would apply to future payment by me as well as the loan amount paid by the bank.

In case I don't deduct the 22.88% TDS from the NRI Daughter's share (pay her 100% of her share's sale consideration), the income tax department may ask me at any point in future to pay that TDS from my own pocket and also levy a 12% penalty from me for failing to deduct the TDS.

Is my understanding correct or am I missing something?

Did I make a mistake paying 10% to the POA holder (Mother)? Should I get that refunded and make payment of 2.5% to each individual, deducting 22.8% from the NRI Daughter's share?


Chaithanya Anne
31 January 2023 at 17:00

Sole Proprietorship to HUF

Can I transfer my Sole Poprietorship firm to HUF by MoU? Pls provide format of such MoU?





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