Sangeetha
25 August 2009 at 14:22
A land along with building has been purchased in the year 2005-2006 for Rs. 30Lakhs. But in books of accounts it has been accounted as Land for total purchase prise.
As per Annexure 1A issued by Registrar/Authority it has been quoted as Rs. 39Lakhs as land value and Rs. 10Lakhs as Building Value. Therefore the total municipal / govt. value of both land & building including to be Rs. 49Lakhs.
This misappropriation of booking the entire purchase value of Rs. 30Lakhs in Land has been found out by auditors in this financial year of 2008-2009.
1. My question is if the land & building value is to be apportioned, then it has to be done under what basis?
2. Will it be possible to reduce land value to that extent? Will there be any capital gains effect as per IT act or any other effect as per Companies act?
latharamesh
25 August 2009 at 14:07
Hello everyone
There are lots of educational institutions in INdia who are formed as trust and provide educational services by collecting fees. Under which head these trust are taxed?
AMIT KARIA
25 August 2009 at 13:12
Hello,
My director wants to purchase a residential flat in the name of the company. Can a power of attorney be executed in favour of an outsider to purchase the flat & complete all the formalities including registration.
The person is niether director nor an employee & is not assciated with the company in any manner?
Can this be done?
If yes, then what value of stamp paper to be used for executing the POA?
Waiting for your replies
Thanks.
SHYAMSUNDAR
25 August 2009 at 12:20
Dear Friends,
Good to be back after a month.
From the querries asked by our learned brothers it seems that they find it difficult to even expalin in english.
Is our professional standard decreasing?
Its of sure they need to try hard to over come we can even help them by submitting files for developing english.
N i requet to purchase english Grammer Book written by Wren & Martin.
Plz post ur response.
Rajesh Rathod
25 August 2009 at 11:58
Hello Friends,
Please guide for my following issue.
Before 4 months, i buy HP Laptop 550 @ cost of 29000/-. as i used it on regular basis, before few weeks, LCD of laptop was crash. So Service center give me new LCD for laptop.
But after 2-3 weeks of service, again there is a fault in keyboard of laptop. Now they are saying that "notch" of keyboard is broken, you have to pay the charges for repair.
Now as i know, quality of laptop is not that much good as i expected, and because of this i am facing all these problem in my laptop. even of mine friend having same issues.
Can anyone here please guide me what to do with those guys?
shibunabeel
25 August 2009 at 10:31
is it mandatory to give notice u/s 80,CPC,to B.S.N.L. before filing a case in consumer court.
Guest
25 August 2009 at 10:24
Friends,
i would like to know the procedure and detailed paper work/formalities for obtaining the prior approval of Central Govt (Regional Director) for the purpose of Sec 297 of the Companies Act, 1956.
V G Venugopal
25 August 2009 at 08:24
Purchase order term - 'Freight extra' and the supplier show the freight amount separately in the invoice without enclosing freight bill. Whether the buyer is justified in denying amount of freight pending submission of freight bill when it is not expressly written in the PO.
vinod bansal
24 August 2009 at 23:16
R/Members
My friend is living with his wife as Husband-wife & they have blessed with a baby also now they wants to legalised their marriage through court instead of marriage registration,they have no any proof of their marriage,its a runaway marriage couple case,what type of case i can file in court for legalisation of their marriage they both are ready for any kind of court proceedings.plz suggest. Thanx
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transfer of DVC case along with 498-A case
Dear Sir/s,
Wife filed a case under 498-A & Domestic Violence Act on the husband and his family members at the place of her parents residence jurisdictional court and on the first appeareance some local people belonging to the bride's side threatned the husband and asking him to come to the terms of the bride for living seperately. Husband inview of life threat wants the above two cases under DVC & 498-A to be transferred to the nearest criminal court. So, can we ask the High Court by filing a transfer petition to seek transfer of DVC along with 498-A case to any other competent court rather than trying the same before the bride's jurisdictional court. If so, under what grounds any judgments regarding the DVC cases can be transferred ? kindly answer.
regards.