My friend tells me that PAN no should be compulsorily qouted if we remit above Rs. 49,999/- in cash to our SB Accounts . Is it so?

If yes, Can u tell me the source of such rule( i mean whether it is compulsory as per ITR Rule or RBI Guidelines or Circulars)

The main business of the company is making members by accepting subsciption under any sheme of Rs. 5000,or 10000 or 150000 against which one suitlength (One Pent Pc.) say of Rs. 250 is given by the Co.and instruct them to prepare down chain link of three member under them. Co. gives commission to initial member and further commission when down chain link is completed by initial members.
My Questions are :
1.Whether the nature of activity being carried out is legal or contravenes any statutory laws in India. As according to me this is neither trading nor any service providing activity.
2. If it is legal, what should be the Object in the memorandum of assocation ?
3. What should be the appropriate accounting treatment for such transactions ?
4. How the huge amount of profit earned by the Company is absorbed ?
Pl. guide us on the above mentioned matters.
Thnaking You.
Mukesh Tiwari.

Dear Members,

Can a private limited co. issue debentures & what r the requirements by Pvt Ltd. Co. to do so.

Hoping a positive feed back from your end

Thanks

Amit

When we are filling up Form 32 of a pvt. Ltd. Company with ROC for appointment of a Director it asks for the category of Director i.e.whether Promotor, Independent or Professional. Please guide us about these category explaining which category to be selected and when.

Can anyone tell me the minimum period for which industrial training can be pursued and the formalities to be complied with the institute regarding the same?

Thanks

Dear Expert,
I am CS(final`s result awaited). I wanted to do LLB Via distance learning or by correspondence.Annamalai University is the good option for it but such university provides three courses for law program i.e.

1.BAL
2.BGL
3.BBL

which one is equivalent to LLB? AND which course is most benificial for me?If u have any other option pl. guide me.

Reply awaited

Thanks & Regard
C.B.Mishra

Dear Sirs
I want to know if 80C over invested so from Which section we can save tax if income come from Salary ?
Pls tell me sir instead of 80D how we can save the tax ?
and also sir can you tell me about Sec. 88 ?
Waiting for reply

Thank you all for your advice

Dear sir/s
what is the right entry of Insurance Premium of any Individual having Profit/income from Business/Profession ?
1) Do we take LI Prem to Capital A/c ? Can We reduced the account of Capital ?
Pls tell me which is right
(A) Capital A/c Dr.
Cash/Bank Cr.
(Nr. Payment of Insuarnce Premium)
(B) Insurance Premium (Assets) Dr.
Cash/Bank Cr.
(Nr. Payment of Insuarnce Premium)

Afterthen Pls tell me if Insurance Premium for ULIP Plan and we will be refundable the amount after the Maturity of Plan when we have to take those amount in Entry.

Most imp :- Pls tell me where we have to take the Premium Payment Amount & Refunded Amount Difference in Accounts on the above case.

Pls guide me in that matter
pls send me any file on my emil ID related to this Query
my Email ID is murtaza_bhagat786@rediffmail.com

Thanks for your advise in Advance

hi everyone
can we can deduct tax on studio hiring if yes then in which section.
pls. reply me fast.
its quite urgent..
take care
byeeee

Sir,

Whether I have required to file return if will invest on capital gain bounds u/s 54Ec