Whether a Karta can in his right keep the money of his HUF in a SB account in his name as a custodian of the family's fund? (Kindly qoate the case law)


CA Sameer Singh
SAMEER SINGH & ASSOCIATES
CHARTERED ACCOUNTANTS
9/2 1ST FLOOR ARPA COMPLEX
INFRONT OF NAVBHARAT PRESS
BILASPUR (CHHATISGARH)495001
PHONE 07752-230024

According to Sec 77 A , of Indian Companies Act , the shares that are bought back are extincted (destroyed), then what is the objective of a Buy Back ?

I am used to the revenue stamp affixing for LIC Receipts / Rental receipts and for any cash transaction beyond 5000.00 Rs. However, Telecom companies do not give receipts at the first instant and even if demanded, they dont affix revenue stamps. Is there any concessions extended to these telecom private players by Govt of India? Pls. clarify.

Can a maternal grand father gift to his daughters son directly. Is it taxable ?

hi,

we the contractors for telecom cabling and we are offering sub contracting to others some of the work in projects. Please let us know, are we liable to deduct ESI and PF as rates applicable if the subcontractor is not registered with the respective laws.

Thanks
Basavaraj

A Charitable trust has got a building as donation from Mr. X. At the same time Mr. X's Son is having possession over the building. Till date he is having his possession. One of the object of the Trust is to provide home or to help in getting home to the members. X's Son is a member of the Trust.
The Trust has decided to Sell the property in AGM and it offers the same for Rs. 2,50,000/- to X's Son. He has accepted the proposal and paid Rs. 50,000/- as an advance to Trust.
How the Trust will take permission to sell from Charity Commissioner?

Whether a NRI Can transferred any amount of Dollars through official banking Channel to his NRO A/c ? or is there any Limit? 2Nd question is , Whether he is lend this money say Rs.45 Lacs to any person without previous permission of RBI? Can he lend money to his friend and earn interest in India?

1. What is the differance between a partner and the designated partner?(w.r.t. liability and income)
2. Is the consent of all the partners or designated partners required for admission of a new partner or retirement of a partner(designated or otherwise)?
3.Why should one go for an Limited liability partnership and not for a company.
4.Extent of liabality of partners in various situations

Please help me as soon as you can. I need all. Mail at anuj4126@rediffmail.com.

Regards

Anuj

1. What is the differance between a partner and the designated partner?(w.r.t. liability and income)
2. Is the consent of all the partners or designated partners required for admission of a new partner or retirement of a partner(designated or otherwise)?
3.Why should one go for an Limited liability partnership and not for a company.

Please help me as soon as you can. I need all. Mail at anuj4126@rediffmail.com.

Regards

Anuj

Anybody who can tell me whether PF should be Deducted at the time of resignation on leave eccashment or not...?