Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Anonymous   30 March 2011 at 12:14

FEMA & Income Tax implications

My son is US based NRI.He wants us(Myself & My wife) to visit him,in USA. For this he would like to use his NRO a/c. for entire expenses including Return Airfare,Visa,Overseas Inurance/Medical policy, Foreign Exchange of about Us Dlrs 5000/ to 8000/, etc.The total Expenses may be about Rs.6.0 Lacs,Toal for both of us
what will be implications from FEMA & Income Tax point of view?
Thanks & regards

Anonymous   30 March 2011 at 11:51

formation of Employee welfare fund trust

We have created a Employee welfare fund trust, which we have an equal contribution from employees and employer. Do we need to register this trust? As this trust does not have any charitable purpose the same is not registered with charity commissioner and income tax department. kindly guide how do we inform Income tax Department on this transaction as the trust will have benfits and earn profits.

Anonymous   30 March 2011 at 11:01

Mortgage and creation of charge

The Mortgage deed for immovable property is executed in the month of December,2010 and registered in the Month of March,2011, which is fairly valid as per the registration Act. My query is that the Company has to file within 30 days of creation of the charge, in this case the date of creating the charge would be from date of execution or registration of the deed. Please guide.

Anonymous   30 March 2011 at 10:54

Recovery of Hand loan given

Rs.1,00,000/- Hand loan given to friend - Rs.88,000/- by 4 DDs and 12,000/- cash- no written agreement - Friend gave cheque in 2008 - dishonoured- friend absconding - case U/sec.138- service of summons could not be effected till today - Civil suit filed in 2008 for recovery of said amount - Service of summons under O.V Rl.20- suit proceeded exparte - Original cheque alongwith cheque return memo produced on record - evidence by plainatiff given - final arguments - Court querry - under which provision the suit is filed - What are the provisions ? Can such suit & criminal U/sec.138 co-exist ?

Anonymous   30 March 2011 at 00:15

Consumer Matter Closure TATA DOCCOMO SIM

Hon Experts,
I had purchased a prepaid SIM of Tata DOCOMO with lifetime validity, in the month of the first week of Sept 2010, with submitting my documents and Photo. But the outgoing facility of this number got barred from 20th Jan 2011, so I enquired at customer care no. 121, and they said that your application form is not received, and they instructed me to resubmit the documents and photo to the dealer, and the same will be activated within 72 hrs. I followed the instructions and resubmitted the documents and photo to the dealer on 22nd of Feb2011. But after 72 hrs instead of being activated it is showing as Registration Failed. I again complained to the local dealer, but all in vain. Also I have mailed a letter to their nodal office asking about the reason of the closure of SIM, but they have not replied yet. I had a balance Rs 40 on that SIM. Now it is showing Registration Failed.
So regarding above, where else shall I complain and do they have not any responsibility for Prepaid SIM?
Does it come under consumer court matter?
Plz Advice,
With Thanks and Regards,

jayesh sinha   29 March 2011 at 21:07

general format of POA

CAN ANYBODY HELP ME by giving me the format of general power of attorney given by wife to her husband authorizing him to sign on her behalf on any general matter

Anonymous   29 March 2011 at 18:08

FOREIGN DIRECT INVESTMENT

A SWITZERLAND BASED BULK COMMODITY TRADING COMPANY WISHES TO SET-UP THEIR OFFICE IN INDIA. THE INDIAN OFFICE WILL PRIMARILY BE INVOLVED IN SOURCING IRON ORE FOR EXPORTS TO THE PARENT COMPANY IN SWITZERLAND I.E. BUYING IRON ORE FROM DIFFERENT SUPPLIERS IN INDIA AND EXPORT TO THE PARENT COMPANY UNDER ITS OWN NAME.

I WAS OF THE UNDERSTANDING THAT THE POSSIBLE ROUTES ARE FOR ABOVE SCOPE OF ACTIVITIES ARE - A> BRANCH OFFICE OR B> SUBSIDIARY.

HOWEVER, ONE OF OF THE MAJOR CONSULTANCY FIRMS SUGGEST THAT SUCH ACTIVITY MAY BE POSSIBLE TO BE CARRIED OUT THROUGH A LIAISON OFFICE STRUCTURE. AND WITH LIAISON OFFICE, TRANSFER PRICING/TAXATION, ETC WON'T BE APPLICABLE.

PLEASE ADVISE IF LIAISON OFFICE COULD BE A VIABLE OPTION FOR THE BUSINESS MODEL DESCRIBED ABOVE.

Anonymous   29 March 2011 at 12:35

civil supplies fair price shop 6a case

sir, my friends shop has been siezed by the authority in his absence on a card holders complaint as he is up to date in his distribution intensely authority booked the case against him in presence of police. Issuing notice in which 6a casehas booked agnst you asakin the reply.Know as he is innocent in this case the auhority forcefully booked the case now he wants to approach the court what he has to do in this regard.

Anonymous   28 March 2011 at 22:17

loss caused to vehicle by another vehicle

R/Sir
My Jeep turned turtile by hitting another vehicle.My jeep badly damaged in this accident.No person sustained any injury in this case.After causing accident another vehicle ran away from the spot but i noted its Regd No. My jeep is insured only for third party. what i have to do .I want to file a petition under MACT how i can do so.Kindly help.Regards

d.rahul choudhary   28 March 2011 at 20:53

guardian and wards act

can we counter claim in guardian and ward act while raising objection. if yes than how