Here is the scenario. An employee broke his personal mobile and asked the owner of the proprietor ship firm to help him out in purchasing a personal mobile from a mobile dealer who has regular business with the firm. The vendor raised an invoice in the name of the firm (proprietorship firm ) and handed over the mobile to employee. When the payment was made by the firm to the mobile dealer when it recovered the entire cost of the mobile from the employee from his salary (paid in cash each month). The mobile phone dealer acknowledged that he has received the money from the employer. Now the employer has shown the mobile as his company asset in the books of accounts and claimed Rs 2899 of input tax credit in GST and depreciation as capital asset (office equipment). Can the employee sue the employer for the same?? What is the declaration employee has to take from the employer???
Dear Sir
If any particular script is sold at loss and the same day you buy lateron same script.
Is capital loss can be adjusted against capital gain. In short, we want to reduce capital gain tax.
I have invested in few mutual funds 17 years back through a broker who is not in touch after that. Will I be charged the exit load if I switch my mfs in the same fund houses from regular to direct investments?
Please suggest any way out where I save my maximum amount if I want to redeem these mfs, without losing my money in brokerage as the broker was of no use.
Also please suggest the way to invest this amount to maximise the return.
Thanks in anticipation...
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Dear All
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Plz confirm...
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Mobile phone purchase by a company