LAW queries [Resolved] [595]

All Resolved Open

Subrahmanyam

This Query has 5 replies

14 October 2008 at 15:04

Patnership Act

(a) - i think only managing partner is eligible for remuneration in partnership firm for salary as per IT act. what r the consequences if other partners also draw remuneration - is it is not given any deduction as an expense in P&L a/c, if so then is it tax free in the hands of partners.
Can partnership deed authorise salary payment to partners who are not managing partners.

(b) can a firm have multiple managing partners.

Subrahmanyam

This Query has 3 replies

14 October 2008 at 15:01

Partnership - PSR

Is it possible for a partnership firm to have PSR like this
say 3 partners:
A - 30%
B - 30%
C - 30%
Reserves & Surplus a/c - 10%

Res & Surpls a/c to be distributed equally among the partners or as mutually agreed upon by them at any time or at the time of distribution

mayank

This Query has 1 replies

14 October 2008 at 10:26

Competition Act

What is the term of office of
chairperson 67 or 65 years?

Restriction on employment of chairperson and members is 1 or 2 years?

CA. O.P. Agarwalla

This Query has 1 replies

13 October 2008 at 15:17

PROTOCOL- TAX OFFICERS

Is their any precribed protocol for delaers and pleaders while dealing eith Ta Officers? How far it is true that, being the quasi judical authorities, they must be addressed as "Sir"?

aditya goel

This Query has 2 replies

10 October 2008 at 20:20

Minor liability

Can a company validly transfer shares to a minr by allotment/transfer & if yes then is the minor really a legitimate owner of these shares as regards to its rights and liabilities towards the company?????

Arindam Roy

This Query has 1 replies

10 October 2008 at 15:08

Accounting Period

Sir,
I want to know if there is any provision by which accounting period as per Companies act and as per Income tax Act can differ, if yes then please suggest under which section of companies Act.

Raj

This Query has 1 replies

10 October 2008 at 14:46

Labour / Industrial Law.

I want to know about Labour / Industrial law. Please send me complete details asap.

Excellent Coaching

This Query has 2 replies

09 October 2008 at 07:01

Gratuity Act - Probation Period

Whether probation period is counted for the purpose of calculating 5 years?

Suppose an employee completes 1 year in probation and immly the organisation confirms the probation. After that the Employeee completes 4.5 years under confirmation. Is he eligible for Gratuity under the act.

CA Abhishek Jain

This Query has 1 replies

06 October 2008 at 12:13

Formation of Institute of music: Formalities

If some one wants to get register his Music institute (small institute)in delhi, then what would be the formalities to get register.
Pls guide.....

Thanks,
Abhishek Jain