A Partnership firm is engaged in Construction of a residential and commercial units.The 2 partners of the firm wants distribution of unsold flats and commercial shops between themselves.So should the partners transfer the properties in their individual names or keep it in Firm's name and take money as and when it is sold.

What will be the effect in firm's books and individual partner's books of account?

What will be the Tax Liability?

sec 20 of POBA says that generally POBA is not applicable to public sector enterprises but if
public sector enterprises sells any goods manufactured by it or renders any services in competition with establishment in private sector
AND
the gross income from such sale is atleast 20% of total income of public sector enterprise for that year.
then the act shall apply..
WHAT DO WE MEAN BY GROSS INCOME?
THANK YOU

Hi to all could you please clear the term angel investor and capitalists venture under capital venture with clear examples.

Dear Sir,
I am working in school and planning to prepare rule book for our school kindly suggest how to prepare the rule book and has to registered or not if i can provide any format it will be very use full for us

Dear Sir/ Madam

I want to know about PF deduction rule. I know it is 12.33%. But my company is using Rs. 780.00 PF plan. They are deducting fixed amount. My company is Limited firm but not listed in the stock market.
Why they are deducting PF @ 12.36%. Is it according to Government rule or not if not than please tell me how I can make a complaint against my company.

akash jhingan

Can Any one please guide us on explaining & claiming the gratuity,

I was working for almost 6 years with a firm for one of its MNC client. I was offered a CTC Salary without mentioning any provision for Gratutiy in It.
Now i had moved to new firm, Since I had completed more than 5 Years I had claim Gratuity. but my firm had denied me stating that we are not liable to pay you over an above CTC. Your gratuity needs to be consider as part of your salary only so No Gratuity will be paid

I need your Help & understanding on the same.

Thanks & Regards

can any one give what is procedure to be followed to allot shares to non resident?

application of company bill for november2014 final batch

My client wants to change the registered office of his company within the same state,i.e.,from kolkata to siliguri.
So, what are the requirements for changing the registered office according to COMPANIES ACT 2013.

Please reply as soon as possible.

I want to know cost of succession certificate in Mumbai