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How many grace days are provided at time of maturity of an instrument??

If you have issued a negotiable instrument with a specific due date, it will be matured later than what the maturity date stated in an instrument.
3 grace days will be added on the maturity date of the instrument.
For eg. If you have issued a bill in 31st July with a maturity period of one month, the due date will be the 3rd of September.
Tutorial-2 Major difference between Ordinary Partnership and LLP are as follows:
Mar. 31, 2017
In the previous article we discussed about the............................ in this article, we will further difference between LLP and ordinary partnership.
How will Exports be treated under GST?

Exports will be treated as zero-rated supplies under the act and so tax is not payable on exports of goods or services, however credit of input tax credit will be available to the exporters. Exporter can opt to either pay tax on the output and claim refund of IGST or export under Bond without payment of IGST and claim a refund of Input Tax Credit.
What is the Tax rate for long term capital gain from sale of property located in mumbai for a NRI?

Profit arising on sale of long term capital assets shall be liable for the 20% of tax.
If you are NRI, TDS of 20% will be deducted while making the payment for the sale.
What is the penalty for not getting the accounts audited under section 44AB?

If you are liable to get your accounts and fails to do then surely income tax department shall impose a penalty. The penalty for the failure to get the accounts of books shall be as follows; (i) 0.5% of the total sales, turnover or gross receipts, as the case may be, in business, or of the gross receipts in profession, (ii) Rs. 1,50,000. Further, if you have a valid grounds for failure to get the audit of your books of accounts, no penalty shall be imposed.
Is TDS applicable on EPF withdrawl?

10% TDS will be deducted if the PAN is submitted. Otherwise TDS is deducted at the maximum marginal rate of 34.608 % However, in the following cases TDS is not applicable on withdrawl of sum. If withdrawl is made after the completion of 5 years of service. If amount of one PF account is transferred to another PF account. If employee submit the form 15G/15H as applicable
Please tell me what do you mean by financial strategy of an organization? How the worth of a business is evaluated?

The financial strategies are strategies related to the acquiring needed capital/sources of fund, developing projected financial statements/budgets, management/ usage of funds, and evaluating the worth of a business.
There are primarily three ways to determine the worth of of an organisation. The methods of business worth valuation are as follows/
Net worth or stockholders’ equity
It is the total assets in excess of total outside liabilities of an organisation.
Future benefits to owners through net profits
It takes the current profit to determine the worth of a business. The worth of business will be five times of the firm’s current annual profit.
Market-determined business worth
Under this method firm's worth will be...........
The selling price of a similar company in the market or
The market price of the firm’s equity shares divided by the annual earnings per share and multiplied by the firm’s average net income for the preceding years or
The market value of firm is the number of shares outstanding multiply by the market price per share and add a premium.
With a view to issue shares to the general public a prospectus containing some false information was issued by a company. Rahul received copy of the prospectus from the company, but did not apply for allotment of any shares. The allotment of shares to the general public was completed by the company within the stipulated period. A few months later, Rahul bought 2000 shares through the stock exchange at a higher price which later on fell sharply. He sold these shares at a heavy loss. Now he claims damages from the company for the loss suffered on the ground the prospectus issued by the company contained a false statement. Is his claim justified?

The companies Act states that prospectus is any document that described or issued as a prospectus and includes a red herring prospectus or shelf prospectus or any notice, circular, advertisement or other document for inviting offers from the public for the subscription or purchase of any securities of a body corporate.
The prospectus and any statement therein has no legal binding either on the company or its directors, promoters or experts to a person who has not purchased securities in response to it.
Since Rahul purchased shares through the stock exchange open market which cannot be said to have bought shares on the basis of prospectus. So cannot bring action for deceit against the directors.
In the case of Peek Vs. Gurney, it stated that remedy for the damage will not be available to a person if he has not purchased the shares on the basis of prospectus.

Here is business page of Jeeba, with all his work

About Portfolio

My dear ,

My dear ,

Do you want to subscribe ? I would give you a free coupon to help you start calling.

Ok , no issues, if you have a question then you can try the search feature at quaremon.

Hi Thakurani,
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Thanks,

Here is business page of Jeeba, with all his work

About Portfolio

My dear ,

My dear ,

Do you want to subscribe ? I would give you a free coupon to help you start calling.

Ok , no issues, if you have a question then you can try the search feature at quaremon.

Hi Thakurani,I want to deposit in my accountThanks,

Hi Thakurani,
I want to deposit in my account
Thanks,