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Quick guide on how to complete beneficiary deed kansas
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How to fill out kansas transfer of death deed
FAQs deed on death
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What kind of financial contracts between two individuals are allowed in India? Like a bond with a death penalty on forfeiture would be illegal but a title deed transfer for a house is not.
The answer to this question would be a mini law class! So, here we go -The legal definition of Contract is -"A Contract is an Agreement enforceable by law".Therefore contract needs an agreement (which means there should be meeting of minds) which is enforceable by law (which means needless of say, it cannot be about something illegal).In order to enter into a contract, you need to have the following things done -1. OfferOffer is when a certain stipulation is offered or proposed.For example - I offer to sell you my Television.An offer is complete when it is reciprocated to another person. Once it signNowes the other person, the offeror cannot withdraw his offer.2. AcceptanceAcceptance is when the offeree agrees to bind himself with the stipulation.Example - You agree to buy my Television.An acceptance once received by the Offeror cannot be withdrawn by the Offeree.3. ConsiderationFor a contract to be complete, this is the third most important thing.Consideration means the price paid by the other party in exchange of the terms of the contract. So, in the above example, Money you pay me for the television is my consideration and Television is yours.Quid - Pro - Quo.There are other things like capacity of the parties as well as consent that makes a contract valid or the absence of which makes it invalid.In the example shared in your question, having a clause of death penalty would be illegal and hence invalid as a contract.So, all the other (financial or not) contract, that fulfill the above conditions, where parties have the capacity to contract, where there is free and informed consent, the contract is valid. -
Can an individual form a company on the MCA service? Is it mandatory to fill out MCA forms for a company formed by a CA only?
Yes an individual can form a company on the MCA service by filling mca form 18, it is not mandatory that only a chartered accountant can fill out MCA forms for a company but is mostly prefered by many companies to do so. -
For individuals that received a blood donation / transfusion, how many went on to develop a form of mental ill health?
Blood Donations are totally healthy for the average human. Normally healthy people donate their blood and a very small percentage of them can have an adverse reaction. This reaction could range from agitation, sweating, to pallor, cold feeling, sense of weakness, and even nausea.According to a study done by PMC, only about 0.2% of donors suffered from severe issues such as convulsive syncope.However there are little to no cases of people developing mental illnesses. I personally recommend that—if you are healthy, to donate some blood. -
Which ITR form should I fill for payments received from the USA to a salaried individual in India for freelancing work, and how should I declare this in ITR? There is no TDS record of this payment as it is outside India.
You can use ITR-1 to show it as Income from Other SOurcesIf you want to claim expense against this income, then you are better off showing it in ITR-2 again as Income from Other Sources. In this case dont claim too many expenses against Income from Other Sources because that usually triggers a scrutinyIf this is going to be regular, then you will need to fill ITR-3 and show this as Income from Business/Profession. The negative of this ITR is that it is quite voluminous and you will have to prepare a Balance Sheet and Profit and loss account even if your income from this source exceeds an amount as low as Rs. 1,20,000/-.
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