I am registered dealer in Kanpur, Uttar Pradesh and I have a customer in Roorkee in Uttarkhand who want to purchase from us. One of our supplier in Delhi and I want to deliver the material directly from Delhi to Uttarkhand.Can it will treat as E1-C sale ? If yes then please clear me that who issue the E1 and C form and also Road Permit form and if the location Lucknow, Uttar Pradesh instead of Roorkee, Uttarakhand then it is E1-C sale?

Dear Members,

Pleas answer the below query that whether an Indian company who has given the loan to its 100 % foreign subsidiary mining company a year ago can convert the loan to share capital with the approval of RBI.
What are the formalities in relating to this since the subsidiary company cannot pay off the interest on loan since the revenue has not started and will not start in the next 2 years.

Thanks

An Indian Resident is to purchase equity shares in an Indian Company from a NRI.

At the same time the NRI is also to pay some purchase consideration to this Indian Resident on account of a current account transaction.

Can this consideration be set-off and only the net amount be paid to the NRI for the purchase of shares.

Kindly also provide a reference of the corresponding circular / section.

Since, ICAI had imposed a restriction on the number of audits conucted by a Chartered Accountant under section 44AB, by imposing a ceiling of 45 on it.

My query is whether those assessees whose turnover do not exceed the limit speciefied , ex, for the current year limit of Rs. 1 crore for compulsory audit of accounts under section 44AB,

then will the audit of such assessees conducted by a chertered accountant be counted while calculating the limit of 45 imposed by ICAI?

Is there anything called grace days of 5 days for remitting P.F or do we need to pay interest @ 8% if not remitted before 15th???

For first time Minor Account is clubbed to parent who's income is highest.
I just want to know that whether the highest income is gross taxable or net taxable.

Example
if Husband's gross income is 3 lakh and net income is 2 lakh and wife's gross income is 2.5lakh and net income is 2.25 lakh then the son's account should be clubbed in husband or wife's account?

Regards
Rajesh Nagda
(rajesh.nagda@gmail.com)

Could you anyone provide me tha details for
FFR-1 & FFR-2 statements. Waiting for your replay

I have come across about "Bankrupty Protection Laws" in united states.
More details are available at http://www.wisegeek.com/what-is-bankruptcy-protection.htm

Does such laws are available in india where a person / business / company / HUF can use this law to their protections?

Can HUF in it's own name purchase agricultural land in gujarat? Please do state any supreme court or gujarat high court case law in matter or if there is any specific provision in any act please do state the name of the act and section or provision?

IF COMPANY FAIL TO DEDUCT AND PAY ESIC CONTRIBUTION (BOTH EMPLOYER AND EMPLOYEE C0NTRIBUTION) WHAT WILL BE CONSEQUENSES ?