Hi,

I have to take 20000 from client. He given a PDC in favour of SELF.

I suspect that he has become bankrupt.

If I go to bank on date of withdrawal and if there is no fund, will it be treated as dishonour of cheque under Negotiable Instrument act??

Can I sue the client for such amount for such dishonour?

Hello everyone,

one of my client started a restaurant on 01/7/2013 in partnership. A brought Rs.10 lacs and Mr. B brought in Rs.10 lacs. Both will share profits equally.

Now i have to draft their partnership deed.

My question :
should i show their capital as 20 lacs total or show less capital because stamp duty will be more if i show more capital ?

waiting for the views of the experts.

Dear learned CA's

1. In absence of any FORM 32 and Board resolution filed with Registrar of Companies in favour of a person, can he be considered as Director of Company. Further, if he has misrepresented himself as Director by signing Annual Return alongwith a validly appointed Director and filed with ROC, can he be considered as Director of Company.

Request expert advise.

Sir which scanner I should use for CS Executive exams ?
Thanks

If a company purchases mobile the value of which is Less than Rs. 5000/- should it be treated as capital asset or revenue expenditure

i.e. how it should be accounted for

SALE OF PVT LTD EQUITY RESULTS GETS AMT OF 19 LAKHS, INDEXATION COST IS 2.3 LAKHS . NEW RESIDENTIAL UNDERCONTRUCTION FLAT IS BOOKED BY PAYING FULL FLAT PRICE + SERVICETAX +VAT + STAMP DUTY + REGISTRATION CHARGES IN TOTAL OF 16.75 LAKHS . WILL PURCHASE OF FLAT COST OF AGUISTION TO COMPUTE CAPITAL GAIN CAN BE CONSIDERED FULL 16.75 LAKHS ,AND LTCG IS NOT APLICABLE . PLEASE CLARIFY

Hello everyone,
Kindly guide me in matter of filing of Form 1 on MCA about Subscriber page of MOA and AOA
whether the subscriber needs to write their name and address in their own handwriting?
Can't they just put only their signature on that page? and all other details were written by us.
Also what can be the date of subscriber's page?

Dear Experts,

My queries are FEMA Regarding on FDI Investment and not filing of FC-GPR to RBI.

An Indian and European Company made a joint venture 51% of European company and 49% of India Company in 2011 and form a Company in Feb. 2011. Foreign Inward Remittance Received on 24th May 2011 and Issue Partly Paid Shares sum of Rs. 2.5 (Face Value Rs. 10)on the same day and Issue Rs. 1 Lac Shares to European Company against Pre-Incorporation Expense.

But till date they have not file Inward Remittance Intimation and FC-GPR to RBI. Further more they have not file Annual Report to RBI yet. Now they are process to regularize and File to Inward Remittance and FC-GPR.

So give your best opinion on that matter, that we have to ask balance Call Money and convert Partly paid shares to Fully Paid and then proceed for Inward Remittance Intimation , FC-GPR and Annual Return to RBI or file with existing position.

Kindly let's inform whether any FEMA violations took place in this case or not. If yes what the penalaty RBI or other authorities will apply.

Your quick response highly appreciate.

Sir ,kindly provide format for noc by directors when proposed registered office is owned by director

Please clarify the tax liability on the below topic

One of my client has entered a joint venture with a builder where in the both Parites will have equal share.

The site is demolished and the builder has taken up the construction of 12 flats 6 for builder and 6 for the owner.

The Owner has not sold the Land. Now the owner of the land has received Rs.500000/- as refundable deposit and Rs.750000 as Non refundable amount as goodwill.

Wheather the amount of Goodwill received is taxable under Income Tax, if yes under which section and Head.