DEAR SIR,

ONE OF MY FRIEND RUN A PARTNERSHIP FIRM FROM PAST 10 YEARS. PARTNERS OF THE FIRM ARE HIS MOTHER AND HIS BROHTER AND HIM. NOW HE WANTS DISSOLUTE HIS FIRM. BUT THE PROBLEM IS THERE IS NO CASH BALANCE AND BANK BALANCE ENOUGH TO REPAY THE PARTNERS CURRENT ACCOUNT AND CAPITAL ACCOUNT BALANCE. NEARLY HE NEEDS MORE THAN MEANS EACH PARTNER SHARE 6,75000/- EACH TOTAL 2025000/-. AND CURRENT ACCOUNT BALANCE NEARLY 1300000/- SO HIS BUSINESS SALES NOT ENOUGH TO MEET THE REPAYMENT OF PARTNERS SHARE. NOW HOW TO RESOLVE THIS PROBLEM. ALL PARTNERS ARE MEMBERS OF FIRM AND WILL NOT CREATE OR RISE ANY DISPUTE IN THE MATTER OF HIS SHARE OF INVESTMENTS IN THE FIRM.

PLEASE I NEED YOUR VALUABLE GUIDENCE TO RESOLVE THE PROBLEM

THANKING YOUR SUGGESTIONS

REGARDS

Dear,
If anyone having the "Free Excel to Tally" file for bulk attendance upload in tally pls share or guide me in better way.


Thanks in advance.
Raushan Kumar

Is it mandatory to host the Code of Conduct of Independent Directors on the website of an unlisted company? If so, which section or provisions mandates this?

Our client had paid Rs 2 lakhs to linkedin under recruitment expenses, TDS was not deducted on it under sec 194J .. Whether TDS is applicable on such expenses or not..

We have received courtesy letter and order from Vat Department for the Financial Year 2008, 2009, 2010. We replied them by writing email and post and also physical visited to the department 3, 4 times. We have already paid all due as per order and we have been send copy of challan to the department, because of the challan not updated in their record we are getting outstanding tax liability order from them. is there any option to clear all this ? can we clear this by amnesty scheme form with uploading documents ??

Sir,

I require clarification regarding TDS applicability in respect of the following situation. One of the director of a company went to business tour abroad. The package was managed by a tour operator and got invoice from the party mentioning service as International Tour under SAC code 998555 and they were collecting TCS @ 5%. In respect of that transaction, whether I have to deduct TDS again.?

Greetings

Can you please share a IS Audit checklist for banks?

Anand

Dear Sir,

Our directors are going to abroad for a business trip. They carried AED.20,000 to meet the expenses in cash. Once they are back, the remaining balance is AED.5000 only. Please advise on the accounting treatment.

Initial Balance - AED.20000 ( I think spot rate at the time of buying currency by the bank)
Expenses AED.15000 ( May i know, which rate we need to book the expenses)
Balance amount- AED.5000 ( Rs. 1 get gain on currency valuation, while currecy return to local bank in India)

If the company chose to hold the currency for this Fin year, which rate should i show in the accounts)

Normal business expenses

Thanks
Sarath Kurian

Can the profit from the sale of Rural agricultural land be deemed as agricultural income?

SIR,
Assessee cash gift to wife value rs:40 lacs after clubbing income show in husband it returns .
Question:
Assessee clubbing income transactions closed procedure in books and it returns.