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Subhasish
If wrong AGM date entered mistakenly in MGT-7, how to rectify the date in MGT-7?
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Anirban Dey
Can salary be paid to spouse of members in partnership firm?
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Yes
Yes if she is qualified for the same..
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Mraj
If a director invest money in a private limited company say a sum of 10 lakhs how will it be reflected in financial statement of company As a profit or loss. Also will it be counted as a revenue?
An investment can only be in the form of Share Capital in a company. So in the accounts of the company, the director will become the shareholder of the company.
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Sajal Singh
I am living in Oman and have NRE account in which I am sending money to India for my family maintenance and they are using it directly from my NRE account.
Out of which, I am transferring some amount every month to my Wife's normal Saving account. My query, Is my wife use that money and invest in Mutual Fund, PPF in her name, Suknya account with my Daughter's name.
Is there any tax implications to use that money for investment? Is wife need to file a tax return.
My wife is a housewife in INDIA and having no income.
Np., if the total income of wife do not increase the maximum amount chargeable to tax then she is not required to file her Income Ta Return
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Sunny Verma
I provide some contact to my friend and he did some business and make profit of around 1.50 lac. Now he want to give 50% profit share to me. How he shows this transaction in his business.
As he is asking to deduct 20% income tax on total profit and than dividing the profit, means 150000-30000=1,20,000 , my share only 60k.
Is any other way to increas my share might be showing some consultancy and amount show in expenditure so that he will not pay income tax on that amount.
its a commision income TDS rate is 5% for more details what app on 8989449201
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