Mr. A – has a property in India which was purchased by him in March 1992 @ Rs. 5.21 Lacs. Now he is UK Resident aged around 80 Years. Now he want to sell the property but cant travel to India. He is willing to sell the property @ Rs 1.68 Crores.

Option 1
If Mr. A authorized one person in India through POA to sell the property & that POA Holder sells the property @ 1.68 Crores. If money is paid to POA Holders account as mentioned in POA. Then who will be liable for Capital gain. Seller who is there in UK or POA Holder & what will be tax amount & its calculation.

Option 2
If Mr. A personally visits to India & sells the property then how the payment can be done to him as he don’t have any account in India. Can the purchaser make the payment in his foreign bank account . Is that allowed under FEMA / FERA. What will be tax implication & tax calculation.

Option 3
If Mr. A not coming to India & sells the property through POA Holder @ 1.68 Crores but the payment is not done to POA Holder. Can the purchaser makes the payment to Mr. A’s Foreign Bank Account. Is that allowed under FEMA/ FERA. What will be tax implication & who will be liable to pay tax & where. What will be tax calculation.

Regards.

Satyam

Please suggest I am wrongly booking Rs 2600/- towards double expenditure of house rent in F.Y 2011-12 ( 2 times j.V passed) but in F.Y 2012-13 I know the expenditure wrongly booked . Can I cerdited the above debited expenditure a/c head in 2012-13

I got a notice under section 143(1), for arrear demand of Rs. 494 for the assessment year 2008-2009, even after my tax liability was zero, so I gave an application to the concerned A.O., with all the supporting documents, so they made the correction accordingly in the system on dtd. 29/04/2013 and as a proof they gave me the rectification order in which the tax demand is shown zero, but even today it is not modified in the outstanding tax demand which is last modified on dtd. 21/05/2013, shown on the income tax department website in my account, so please give me guidance about this.

I have paid a freght of RS 260764/- by cheque . Transporter has provided me the pan card details, i checked the validity of the pan it is a valid pan. But i have not deducted any tds. Am i liable to deduct the tds? i am confused...as the p rovision was if the transporter provides the pan detials the tds need not be deducted...but theere exists the thress limit of 30000/- for single payment and 75000/- the the per annum payment...what to do?

Sir,
We have filled client return on 01/07/2012 claiming refund of Rs. 10319/-, ack of which is received by CPC on 16/07/2012 but same is Not yet processed.
But return filled even after due date which have NIL refund or small amount of refund have been processed by CPC.
So What is the remedy with us in this case.

Dear all,

Please provide me some clarity on the Yield part of dividend on Preference Shares and also please throw light on the provisions related with this subject matter.

Further please tell me whether any provision has to be created for payment of this yield.

Many Thanks in advance.

Sir,
We have filled client return on 01/07/2012 claiming refund of Rs. 10319/-, ack of which is received by CPC on 16/07/2012 but same is Not yet processed.
But return filled even after due date which have NIL refund or small amount of refund have been processed by CPC.
So What is the remedy with us in this case.

Hello,

A Pvt Ltd Company wants to enter into a partnership as a partner along with some other partner(s). What are the compliances that it needs to do and things that arte to be kept in mind? Is there a particular Form to intimate to the ROC/MCA in this regard?

Hello,

I recently joined a small private company about two months back. i.e. 5th March 2013

Since I need to get a car loan, I was told to submit a form 16 by the bank officials if I could. Now I joined this company only 2 months back. My employer told me to get it filled on my own, and it's very confusing how to get it filled.

My basic salary is Rs 22,800.
Rs. 200 as DEDUCTED as Prof. Tax

Could someone pls help me how to fill form 16.

Hi Team,

I have a query regarding the rights of share holder...As we all know that Shareholders represent the ownership of the company and the management is fully committed to provide maximum value to the shareholders.

Now I have Shares of So Many Companies (for e.g. A to Z)...here in these companies I'm getting devidend from the companies end and also getting discount offers on consumer durable items from there end on the products which those companies manufacture.

However there is one company (Maruti Suzuki) and the management/employees are enjoying the benefits/Discount Offer on the products manufacture (consumer durable items )by the company but the company is not ready to share the similar discount offer with there shareholders on the product which company manufacture(consumer durable items ), where as the offer which company is giving to its management/employees (All Employees) are enjoying, But still the Shareholders never fight with the organization or indulge in any illegal activities for e.g. The Manesar Plant Case where the Organization lost the life of some of its Esteemed Officers and infrastructure loss besides fire, strike etc… and MSIL bear the entire loss of the organization/ product manufacturing plant with the money invested by its investors.

As per the company the Shareholder will get the similar offer which they have launched for other customers and rest the shareholder can avail only dividend on the same.

Does the memeber in this forum and investor thinks that this is correct.

As we all know the there is a crunch in market and the sales are droped as compare to the previous months.

Being a shareholder of the company who represents the ownership in the company I can say onething if the company issue a policy in the market where in they mention who so ever invest in there shares/company (Min. Quantity) and stick with the company for atleat 6months then the shareholder is also eligible for the discount offers but the management is not ready to accpect the same.

Please let me know weather is it correct the offers are only for Employees not for shareholders and the same employees are indulge in any illegal activities for e.g. The Manesar Plant Case where the Organization lost the life of some of its Esteemed Officers and infrastructure loss besides fire, strike etc… and MSIL bear the entire loss of the organization/ product manufacturing plant.

If i'm asking something from the company I'm asking this as the shareholder represent the ownership of the organization.


I would request the Forum Members and the Shareholders to share there views on the above mentioned query.

Also I would request the Shareholders if possible please come in the forthcoming AGM and raise the voice on the discrimination which the company/management is doing between its shareholders and Management/Employees on 27-August-2013.