As per the ESIC Act the person whose Earning / drawing greater than Rs 15,000 per month are excluded from the ESIC Act.

Suppose "A" Salary is 18,000/- but if his attendance in the month is 10 then his earning for the month will be Rs 5806.00/- then whether the ESIC is applicable or not to "A"?

Manesh Waghmare

issue of spares , accessories items on free of cost , how to pass the accounting entries & some of parts issues under warranty & manufacturer wil reiumburse value of warranty parts. pls explain accounting procedure for parts issued under warranty & free of cost.

Dear Expert,

We are having import /export both.
Since to some of our import purchase parties we are paying them in $ only. My question to you is whether at the time of payment should I booked foreign exchange difference under AS -11 if rate of purchase is different then rate at the time of payment.

please tell me about SLM and WDV method of depreciatio when we use slm method WDV vice versa

journal entries how to master accounts pl help

if a company not deduct tds on salary of employees from 6 months & after it want to deduct tds on salary. can do? what effect this?

What is bank reconciliation and its requirements.

Sir
I want to know the entry of points as under.
1. The co. has purchased a property in joint for say Rs.55L. The TDS has to be deposited by both parties is of Rs.55000/-(1/2)each. Now by mistake, the payment has been made in full of Rs55L by the buyers to the seller before tds deduction.
The seller has made the payment of TDS @1% on our behalf.
What will the entry in the books of the purchasers?

2. The property has been purchased in joint in equal proportion and one seller in joint. Now my point is how many TDS challans cum form 26QB to be filled 1,2 or 3 No's by the purchaser?
Kindly advise and reply.
Regards
Sanjay

Dear Sir, Up to May 13 month my gross salary was Rs 13500/- I have received increment effected from June-13, My revised gross salary is Rs 15,500/-Although ESIC is deducted from my salary of june, July, August September -13. and company replied that it will be deduct till end half year (Apr to Sept.) please tell me it is write or wrong.

I have registered myself as article in October.But my name is still not displayed as article under my sir and neither I got registration letter yet. I haven't received any query letter too. then how to know that where's problem???