LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Prashant   30 May 2009 at 21:43

TDS

We had launched the scheme with our franchisees that if franchisee achieves the target then he will be alloted a new Car.
Now 2 of our franchisees have achieved their targets and are eligible for the Car.
So what will be the accounting treatment. Is it to be called as commission,an incentive or discount or any thing else.

My next question is about the applicability of TDS. Whether TDS will be attracted and if yes under what head.
Further we have not yet given the cars but while finalizing our books we need to take provision on the same so if TDS is applicable do we need to pay immediately.
Similarly we will have to recover TDS from the party since he is paid in kind. So is it a correct to recover the same from him


Thanks in advance

vinod bansal   30 May 2009 at 21:04

civil imprisonment

R/Members
plz explain civil imprisonment,is it mandatory to deposit amount by the party/person who prays the court to send the offender/defaulter behind the bar on account of jail expenses.Thanks

Khaleel Ahmed   30 May 2009 at 19:22

General Power of Attorney

General Power of Attorney should be registered or can be executed on No Judicial Stamp worth Rs.10/-
Is wittnessess are necessary for the execution of GPA without registration?

Khaleel Ahmed   30 May 2009 at 18:34

Divorce between Christian Husband and Hindu wife

A male christian married to Hindu female as per the marriage tradintions of both relegions, and got marriage registered with appropriate authority.
Q. Husband wanted to divorce wife?What shall husband do to get divorce from the Court.Which law to be applicable for divorce proceedings, either Hindu Law or Christian Law?

vinod bansal   30 May 2009 at 18:05

UNDERTAKING IN LOK ADALAT

R/Members
I filed a complaint us 138 of NI Act & later on compromised was effected in between myself & accused & case was withdrawn by me but a statement/undertaking of the accused was also recorded by Honeble court while withdrawing the case that he will pay remaining amount (sattled as per final sattlemen in both parties)on or before 4-6-09.I want to know what legal action i can initiate in case accused didnot paid sattled amount on fixed date against accused for breach of undertaking given in court in writing & under which section/provision, Thanks

sunil   30 May 2009 at 15:56

property distribution

am from Andhra Pradesh,india.My grand father purchased a land(agriculture land) and a independent house (self acquired )in 1975 on his name,he did not made any ‘will ,and not partition the property ,he died in 1982,his wife died in 1995 , he had one son and two daughters .
1)son (died)---one daughter,wife
2)elder daughter have—one grand son------marriage(1970s)
3)younger daughter(died) ---- one son,two daughters,husband ---marriage(1978)

a)How the property distributed among them?
b)because of his personal needs son(died) registered some land to a person in 1990 and his two sisters signed on registration papers ,so is there any chance of deduct son share as he sold some land for his personal needs

s. kumar   30 May 2009 at 15:03

Stamping on guarantee agreement

Pl provide the information regarding the required amount of stamping on the guarantee agreement applicable in MUMBAI.

suresh   30 May 2009 at 13:57

how put case for cheque bounce

Hi.. Dear Experts Please give me guidlines for the problem stated.. The story is... me and my friend are buissnes partners we both running a bussisnes one fine day my partner to qiut the buissness ok then i told shre the porfit and loss and calaculate and gave cheque to me i dropped in to my account its bounce what shall i do Please suggest me...how to proceed further.

atul kakkar   30 May 2009 at 13:54

time period for isuing show cause in service tax

what is the normal time to issue show cause in service tax ,can it issued for penalty in any time with in 5 years

Thimma Reddy.H   30 May 2009 at 12:34

Owner is not ready to sign the Lease agreement

Dear sir/friends/experts,

I have taken a house for lease for two years after paying full lease amount of Rs.2,50.000.00 and the same is executed in stamp paper of Rs.100. I have paid Rs.1,50,000.00 in cheque and rest in cash. Now owner is not ready to sign the agreement.


what i shall do now. what are all the precations should i take now.

Please advise me

Thanks in Advance.

Reddy
Bangalore