It is noticed that many of Financial Institutions like Banks, Financial Corporations are resorting to attachments and sale of assets of the Industry, Commercial Organizations and Personal properties of the borrowers, guarantors. This act is totally stopping the Industrial, Commercial activity of the Commercial Organization. The Bank, Financial Institution will not get any amount of […]
Read MoreBUSINESS OR PROFESSION S NO PARTICULARS DETAILS 1 PROPRIETOR NATURE OF BUSINESS BALANCE SHEET P&L ACCOUNT/ I&E ACCOUNT CAPITAL BALANCE 2 INFO REGARDING PARTNERSHIP FIRM IN WHICH ASSESSEE IS A PARTNER 3 NAME OF THE FIRM 4 PAN OF THE FIRM 5 WHETHER FIRM IS LIABLE FOR AUDIT 6 % OF SHARE OF PROFIT 7 […]
Read MoreCAPITAL GAINS S NO PARTICULARS DETAILS 1 ASSET SOLD:- NATURE OF ASSET LAND/BUILDING/OTHERS ADDRESS LOCATION FROM NEAREST MUNICIPALITY SHARE IN THE ASSET 2 SALE VALUE OF ASSET-REGISTRATION, SALE PROCEEDS 3 DATE OF TRANSFER OF ASSET 4 ACQUISITION COST OF ASSET 5 DATE OF ACQUISITION OF ASSET 6 IMPROVEMENT COST OF ASSET 7 DATE OF IMPROVEMENT […]
Read MoreHOUSE PROPERTY | INCOME SOURCES | S NO PARTICULARS DETAILS 1 NATURE OF PROPERTY SELF OCCUPIED LETOUT 2 ADDRESS OF THE PROPERTY 3 IF THE PROPERTY IS CO-OWNED NAME OF THE CO – OWNER PAN OF THE CO-OWNER PERCENTAGE SHARE IN PROPERTY 3 IF THE PROPERTY IS LET OUT VALUE OF THE PROPERTY LET OUT(RENT) […]
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WE THE ASSOCIATION WORKING FOR INCEPIENT SICK ‘MSME’ UNITS EXPECT THE FOLLOWING FROM THE BANKS BEFORE INITIATING RECOVERY PROCEEDINGS: GOVERNMENT INCENTIVES: CONSIDER AS INCENTIVES DECLARED, ASSURED BY THE CENTRAL, STATE GFOVERNMENTS AS SECURED RECOVERY FOR CALACULATIO OF ‘NPA’ . RE SCHEDULEMENT OF LOANS: MANY OF THE LOANS GIVEN TO ‘MSME’ UNITS ARE FULLY SECURED BY […]
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MANY OF THE ‘MIDDLCE CLASS’ INDIANS HAVE THE HABIT OF SAVINGS TO MEET THEIR, SUCCESSORS’ FUTURE NEEDS, SINCE WE ARE LIVING UNDER UNSECURE FUTURE CIRCUMSTANCES. THEY WOULD LIKE TO KEEP THEIR SAVINGS IN LIQUID FORM OF CASH, RISK FREE DEPOSITS WITH POSTAL DEPARTMENT, BANKS, FINANCIAL INSITUTIONS SO THAT THEY CAN MEET THEIR NEEDS ON TIME […]
Read MoreI am herewith presenting some of my personal views to be discussed with regarding the proposed Company Law. I. COMPANY LAW The Proposed Company Law has to consider the following issues: FACE VALUE OF SHARES: There should be uniformity face value of forms @ Rs.10/- each and should not have any other face values so […]
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