Sir / Mam
I am a Proprietor and for my business development, I had approached with my friend.
He introduced a person but he is living in foreign ( Not an Indian).
I did not see him before and even not speak to him.
How ever, the foreigner is ready to send the business loan to me by bank account.

And he has two conditions that ,
- the loan will be returned after a specific period.
- for that specific period, he wants to be one of the owner but not in legal.

My doubts are,
(1) Can I join with a foreigner and get the loan from him for my
business?
(2) Will any legal issue as it is a foreign income (Loan) from an
unknown person?

Guide me plz
thanks in adv

How much dividend can be paid by a Pvt. Ltd. Co. in a single F.Y, out of the reserves and surplus of the co. scenario Authorised capital 5.00 lac Paid up capital 4.5 lac Reserves and surplus 35 lac Can 35 lac be paid as dividend ?

Read more at: https://www.caclubindia.com/experts/ask_query.asp

SIR,
A senior citizen non it return filed person form 15 H submit to bank interest income below Rs:40,000/- form 15 H not required bank manager.
Question:
any limit above interest income form 15h not compulsory.

Is there any limit for proprietorship regarding drawing? Can a proprietor pay salary to the employee from the drawings he made from his business and is there any limit for the same?

Dear All,

we have a 2 directors in a company,both are normal directors

The query is
1.how many signatures is required for signing board meeting for uploading document in MCA

Dear Sir, My mother in law's property (Residential land of 286 Sq Yds) which was bought in1985 for Rs.1 Lakh sold in 2019 for Rs.1.50 Crores. How much is the capital gain tax. Can we save the capital gain tax if we buy land and construct a house (within three years)? do we have to deposit the capital gain tax till we construct a house. kindly clarify. regards. madhavi

Hi,

Can anyone please suggest the best IFRS Certification course available currently? Would appreciate inputs from someone who would have already taken such certification course. Thanks.

The return for A.Y.2020-21 was filed on 31.12.2020 and the same was processed and intimation order was passed on 6.1.2021. Now it is informed that to verify the compliance generated and asked to compare the income offered. It is found that the income generated in compliance is not included in original return. Now the income will be added and tax for the additional income is paid. How can we report that this addition is made with the original returned income? [Revised return could not be uploaded]

KINDLY LET ME KNOW THE DUE DATE FOR PAYMENT OF TCS MARCH 2021 AND THE RETURN DUE DATE FOR Q4-FY:2020-21

REGDS

Sir / Mam-
I am a steel trader. Manufacturer charges the freight also in his invoice and collects gst @ 18% on freight. But, He pays the freight to GTA (GST Exempted) and he pays gst @ 5% under RCM on freight paid and availed that inputs also.

Here, He saves GST @ 13% on freight and @5 % on RCM credit and utilizes towards his sales.
So, He enjoys the entire GST @18 % on freight collected from me While I suffer the gst.

Why this deviation and why the act safe the manufacturer?

To avoid this GST loss, It is better that I pay inward freight and GST @ 5% on RCM then avail the credit.

Is it correct sir ?
Plz convey your opinion
thanks in adv