Anonymous
03 March 2010 at 21:25
Dear Ma'am/ Sir,
Hello!
I write to you for guidance in revising the internal HR policies of the Public Charitable Trust I work for.
The trust has 3 trustees, all of whom are highly qualified professionals in their respective fields. Currently, the trust is implementing a project funded by other national and international funding agencies. As the involvement of the three trustees is on daily basis and the work they are doing for the said project is what they would do anywhere as professionals, we are trying to figure out if they can be paid "reasonable" charges for their services which are out of the scope of administering the trust as trustees.
For almost a year, we also tried working without them, but as the team is not yet able enough to undertake such a project on their own, we had to request them to commit extensive time to the activities of the project- time that in normal circumstances would generate income for them. This is happening on daily basis for two and twice a week basis for one of the trustees. As a result, the first two are unable to take up any jobs outside.
We are aware that Section 12AA has specific conditions to tax exemption but at the same time sub section 3 informs that trustees may be paid a salary or consulting fees within reasonable amount of that they would be paid anywhere else. The three trustees are charging much less than what they would get, either in private practice or elsewhere in an organization.
Please let us know what is the right way of going about in this case.
Thank you,
Suzan Fernandes
Manager-HR
Anupa Chakrabarti
03 March 2010 at 21:08
My husband died last year . He purchased a flat in his own name and registration was not done before his death. I am told that In my husband's absence I have 1/4th share, the other shares being held ny my 2 minor daughters & my mother-in-law. Now my mother-in-law wants to give her share in favour of my 2 daughters under the condition that the flat cannot be sold until my younger daughter reaches 21 yeras of age. Now my queries are:
1. How should this tranfer be done?
2. once the transfer is done can I register the flat in my & my daughters' name?
To this Mr. Vadrali's reply was:
When there was no sale deed in your deceased husband's name, question of claiming share by all of you does not arise.
You do one thing directly get register the sale deed of the flat in your younger daughter's name. Otherwise you will have to purchase the flat in the name all your mother in law's name and again she will have to transfer that in your younger daughter's name by way of regd., gift deed or rights relinquish deed. un necessary expenses.
Even you can directly purchase the flat in you and your daughter's name.
I have a question to the reply of Mr. Vadrali:
purchase was done against loan and there was insurance against loan. now the bank wants to write it off.
can you please explain: " there was no sale did". the agreement of sale was done on stamp paper between my husband & the seller.
Anonymous
03 March 2010 at 20:28
Hi,
My mother is owning a plot with approved building. The property (plot) has been duly probabted in the high court after my grandfathers death since it was a registered will.
My mother wishes to settle the plot with building in name of my brother and myself.
Is it advisable to register a single settlement deed or two settlement deeds.Will we have to go for single or two pattas.
if we go for two settlement deeds with the plot divided equally, what about the building. How will my brother and I enjoy the building. In case of any dispute later what would be status of building (G+1 flr).
Also, in case of two settlement deeds will we have to for two electricity, water tax and property tax.
As of date, my brother and I would like to go for a single settlement deed so that we enjoy the complete piece of plot and building. Also we will have one electricity, water tax and property tax.
Please advise.I am in need of your community help.
madhukar
03 March 2010 at 20:27
Dear sir's,
I am salaried person & willing to do trading in chemicals & speciality chemicals from mumbai.
pl suggest me what type of registration i need to get.
is it necessary to get excise registration & sales tax registration?
if i am buying chemicals from original manufaturere & selling to onther user. then excsie duty & sales tax i am paying on buying material, how can i pass it on to my customer without having excise registration & sales registration.
without this registration or having any one of this registration is it possible to do trading. How to get this registration. what is procedure, how much costelier,time consuming & what are all documents needed.
i understood that small scale manufaturer do not need to pay excise duty. same is applicable to traders also? in that case a original manufacturer who raise the bill with 10.3 % excise to me. how this is adjusted or passed on to my customer.
madhukar
03 March 2010 at 20:20
Dear sir's,
I am salaried person & willing to do trading in chemicals & speciality chemicals from mumbai.
pl suggest me what type of registration i need to get.
it is necessary to get excise registration & sales tax registration?
if i am buying chemicals from original manufaturere & selling to onther user. then excsie duty & sales tax i am paying on buying material, how can i pass it on to my customer without having excise registration & sales registration.
if without this registration or having any one of this registration it is not possible to do trading, then how to get this registration. what is procedure, how much costelier,time consuming & what are all documents needed.
i understood that small scale manufaturer do not need to pay excise duty. is it applicable to traders also. in that case a original manufacturer who raise the bill put 10.3 % excise to me. how this is adjusted or passed on to my customer.
sanjay kumar patibandla
03 March 2010 at 20:05
petitioner is resident of Khammam dist. he insured his vehicle with one insurance company in Hyderabad branch. un-fortunately accident occured to the vehicle in khammam district.
can he file complaint in khammam district forum
YASHPAL RAWAT
03 March 2010 at 19:41
A company vehicle is used for Journey from Residence to Office and Office to Residence so this Journey is official or private
Anonymous
03 March 2010 at 19:22
Dear Friends,
notification u/s 10(3) issued.notice u/s 10(5) also issued( but not served on person?).And possession not taken by state..possession still with the pattedhar, but land recorded in state name( Only on their files) because of deemed vesting u/s 10(3), main act repealed 0n 27-03-2008. What is the Legal position and what to do? This pertains to State of A P.
With regards.
mansi
03 March 2010 at 19:21
I am a 3rd yr LLB student.(Mumbai)
I want to do my Solicitorship after my graduation in law.
Kindly Help me with it.
I know i have to sign up solicitrship for the same but do I need to sign with with a particular type of firm.
Can i please be help with a List of Solicitor Firms in Mumbai?
Regards,
Mansi
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Tax Audit u/s 44AB of the IT Act
Since from 1984 the tax audit provision u/s 44AB has been introduced and the turnover was Rs.40 lakhs. Now this turnover has increased to 60 lakhs. With compare to indexation the increase of turnover limit is too meagre.And the advocates who are practicing the tax matters can not audit u/s 44AB. All my colleagues are requested to raise this question in higher leve. Why this discrimination even though the advocates are capable to do the audit