we, HO in Mumbai,have a project in Tamilnadu but not have Reg No there.we have to transfer Returnable Project materials to the site. Can we transfer it directly through the VAT no of Client, or necessary to get the TN VAT No for us? and is there any way bill with DC?
Answer now
Dear Experts,
I have a query regarding the donations made to charitable trusts/NGO.
We are a "For profit" organisation,we raise funds for NGOs on their behalf, and we keep a margin/service charge from all the donations collected from donors.I understand that our 15% margin will be taxable income.
The NGOs will receive the remaining amount(85%)after deducting our margin/commission. Since,only the NGOs will be able to provide the 80G Receipt to the donors for tax benefit/Excemption.
Can the NGO provide the receipt through us?
We want the Donors to make contribution using our services and still get tax excemption for the 85% of the donation amount(which goes to the NGO)
how will this be shown in our books? how to make the tax benefits for donors possible?
your help is well appreciated,
Thank you.
Dear Experts, i want to start a new company with my family members as partners. Pls suggest me as to whether i should start a llP, partnership or a private ltd co. Pls provide detailed info on set backs in each type & plus points. A provide the same at the earliest
Answer nowhii i m a fresher and i want to invest 5000/- in mutual fund one time only . plz suggest me in which mutual fund i have to invest and the procedure of that
Answer nowI have purchased the 18750 Equity shares from two NRI each . The share is of Private Limited Company. I have to make the payment to them. One is holding NRO account in HSBC Bank in India and other is holding NRE account in ICICI Bank india. Both reside in USA. Can i make the payment in India rupee cheque to their NRE/NRO Account.? There is Loss on the sale of the equity shares and No TDS is there as there is loss. What procedure i have to follow. Shoul I require to submit Form 15CB, 15 CA if i make the payment in Indian Rupee Cheque. Should I require to file FC-TRS with RBI.Please suggest
Answer nowI have cleared my final CA in may 2012 and i have joined Godrej Infotech Ltd. I would like to know how many cpe hours i need to complete for the year ending 2012 and 2013. I have heard that we get exemption for the first year after becoming CA but also we need to complete some 45 hours in a span of 3 years and the span of 3 years gets completed in 2013. So according to what i have understood i need to complete almost 45 cpe hours before 2013 ends.
Answer nowi have got 60 above marks in accounts and tax during June 2012 exam in CS Executive.. is it counted for exemption??? can i get setoff of 1st grp in 2nd grp in Dec 2012?
Please help...
Hi,
I have a query regarding appointment of Company Secretary in a Company, whereby section and rules do not specify that appointment should be in Board Meeting.
Suppose a CS resigns at Board Meeting, meanwhile company appoints a CS and in next Board Meeting it is possible for the Company just to take note the appointment.
Dear Experts,
Can a trust registered under FCRA do transfer the fund from its normal account to FCRA to keep the minimum balance? The law restrict to receive any other fund other than foreign contribution in FCRA Account. The trust do not receive any foreign contribution till today, but bank is asking them to close the account if they don't make any deposit in the account.
Dear Experts
While filling form 32, it is asking atleast one manager or secretary of pvt ltd company.
Is it mandatory to provide and if yes can one of direction can be also manager same co.
pl clarify. thanks
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