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Sir,
Under which head PPF balance can be shown in Part A of Balance Sheet, under the head investments there are only 2 options, one for Government Securities and other is for non government securities
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I want format of relieving letter by a partner to resign from the partnership firm. I need this to upload it in SSP portal.
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Sir
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Dear Experts/Peers,
Good Evening to you!
I am on a discussion with the buyer on the subject matter. Since even professionals opinions also got confused I wish to post this in this forum to have a clarification.
The deed is for seventy lakh Indian Rupees. Seller is my wife (I have gifted the same to her) and the buyer is having some conditions as 30 lakhs will be shown in the sale deed and paid the same by DD. The balance amount will be transferred through RTGS either to my account or to those multiple accounts I wished to transfer.
Please let me know what the buyer meant by such transactions (on legal point of view) and how I could account this one? Whether the amount transferred (40 lakhs) through RTGS to those accounts (I preferred the amount to be transferred to some of my closed relatives/friends including my two daughters whichever is feasible) ALSO will be considered as legal/white money transactions since only 30L has been specified in the sale deed.
Please let me know what sort of legal/IT issues will arise on above deal and whether that 40 lakhs also been considered as white money transactions ? - in that case how could be deal this matter without such issues?
Thanking you,
Regads
gk
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Dear All,
Request you to kindly guide if an NRI CA can open a proprietorship firm in india with a full time paid assistant. If yes whether the firm will have a separate bank account (NRO account) or will it be in the name of the CA?
ITR 3- PPF Balance