CA S Sundararajan
08 May 2008 at 12:46

Formation of Public Trust

Dear Sir,

Few of my friends approached me for formation of Trust to Construct the Temple for Lord.shiva. I suggested them to draft the deed and file the same with Registrar.They did so.Is it enough for establish a legally formed Public trust ?
They are collecting Donation form different part of the country and abroad also for source.In such a case , What is the formaiity for getting registarion u/s 12AA and 80 G exemption for doner.


CA S Sundararajan
08 May 2008 at 12:39

Postal Test

Dear Sir,

My attempt for Final exam is Nov-09, I have written a letters to Insti. to send the pack of Postal Test for last one year and also I send a mail to Noida regading this, they forwarded the mail to SRO,Chennai.Evenafter no use. Finally I approached the SRO by personally thru my Senior for Postal test paper.Concerned officer replied there was a scarcity for Postal Test paper pack, and also he suggested that get the photocopy of Q. paper from friends and then write. I tried for more than a month finally I got the 2005 series QP of current (old) syllabus. Will insti. accept my answere sheet belongs to the series of year 2005?


Mittal

Sir,

In the section 80IB(10), 100% tax exemption is available, subject to the fullfillment of some conditions. One of these condition is that the project should be completed within four years from the end of the year in which project get approved.

My querry is that if the project is stayed by the High court for any reason whether the period of 4 years will be extended by period for which the case is pending with court.

Kindly guide me on this querry.

Thanks & Regards


Mittal
08 May 2008 at 12:29

TDS on freight

Sir/ madam,

Facts of my querry are as follows:
(i) If truks are sent through some transport, say ABC Trasnport to the factory.
(ii) But trucks Registration no. is different in every case.
(iii) And payment made to each truck does not exceed Rs. 20000.
(iv) But every Bilty is raised on ABC Trasport name. That exceeds Rs. 20000.

As every person except indvidual has to deduct tds on freight payment if exceeds Rs. 20000 under section 194C.

Plz guide me whether TDS is compulsory in the case mentioned above.

Thks & Rgds.


hari

Dear All,

I would like to know whether FIIs are person resident in India or not as per FEMA ?

Regards
Harish


CA SANJAY KUMAR

I am a CA Final Student eligible to appear in exams scheduled to be held in NOV. 2008. After passing CA Final Exam is it compulsory for me to take part in the Personal Skill and Development being conducted by the ICAI in Collaboration with NIFD, Faridabad starting from 28.04.2008.


CA SANJAY KUMAR

I am a CA Final Student eligible to appear in exams scheduled to be held in NOV. 2008. After passing CA Final Exam is it compulsory for me to take part in the Personal Skill and Development being conducted by the ICAI in Collaboration with NIFD, Faridabad starting from 28.04.2008.


Harish

Hai my name is Harish and i am pursuing my articles. recently i came across a case where Mr.x a resident in India purchases land from Mr.y who is also a resident. Mr.y is an agriculturist and does not know much about the law or tax rules. He forced Mr.X to buy the land by paying cash of Rs.1,000,000.The queries are as follows

1. whether the expense made for purchasing the land is allowed as expense to 100./.

2. whether the law provides any allowance or room for any of these expenses


Ravi Kumar Rajgaria
08 May 2008 at 11:17

Provident fund

If an employee during joining select for deduction of PF but after 6-7 months, he says that he is not interested in deducting of PF? Assume His salary is 25000/- per month.Can it be possible?


Ravi Kumar Rajgaria
08 May 2008 at 10:47

Forward contract in currency

Please giveme the detail about the future contracts in foreign cuurency with banks?
How it is benefited for exporters?
These gain/loss is taxable?






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