Anonymous
This Query has 1 replies

This Query has 1 replies

26 May 2015 at 12:39

Provision for gratuity

In our company an employee got transferred from our overseas company to an Indian company, both under same management/group. Employee is eligible for gratuity as he was working with same management company overseas.
He served 4 1/2 years overseas and is about to complete 5th year.He was not paid in his full and final settlement any amount on account of gratuity while transferred from overseas company. Though he was entitled for it as per local law.
Now the query is, on which salary the provision is to be mad i.e. last salary drawn overseas or the salary currently being paid in India.
As per employee, he will be at loss if his overseas salary is not considered for gratuity calculation.
Pl. advice.
Thanks


riddhi
This Query has 23 replies

This Query has 23 replies

26 May 2015 at 11:19

Accounts

company has paid gratuity to an employee from its own funds and then lic will reimburse the company so i want to know under which head to classify gratuity payment to employee and the reimbursement from lic


riddhi
This Query has 8 replies

This Query has 8 replies

26 May 2015 at 11:16

Accounts

company ABC has sold 1 attendance machine to company XYZ at cost and both the companies are in mumbai so do we need to charge VAT on the cost? and can you help me out with its invoice?

also i wanted to ask you how to enter vat amount in tally in sales - F8



Anonymous
This Query has 2 replies

This Query has 2 replies

26 May 2015 at 09:54

Account head

Dear Sir,

My Company is transferred some computers from old unit to a new unit.Expenses incurred on purchase of Wireless Router & D-Link Port for Net Connectivity should be capitalised or it should be debited in revenue expenses


Pls clarify me.


richa
This Query has 5 replies

This Query has 5 replies

26 May 2015 at 09:13

Statutory due dates

hi all can anyone provide me the tax (CST/VAT/PT/ET) Due date state wise.....



Anonymous
This Query has 1 replies

This Query has 1 replies

Dear Sir,
please solve my query,
We have to change our accounting software, i.e. Tally to Busy , after finalizing the accounts, I have put closing balance from our audited B.Sheet in software, but can I put the bank balance from Balance sheet,or I should put the same from Bank Statment.(31.03.2015). because if I put from Balance sheet then some entry to be receonsiled in next financila year,


manoj kaushik
This Query has 1 replies

This Query has 1 replies

25 May 2015 at 13:13

Deprecation

how to calculate deprecation on existing fixed assets through new company act schedule Ii


Renjith S Nair
This Query has 1 replies

This Query has 1 replies

Hello dears,

Thank you all for your valued time.

How to account during the current year for the below situation.Kindly please find me Journal entries too.
(how to account such huge liability in current year)

Situation;
1.Lease rent not paid or accounted last ten years, sum of Rs. 3,000,000
2. we owed to government and they send a notice, thus we came to know this liability.

Thank you



Sourabh Bajaj
This Query has 2 replies

This Query has 2 replies

Will Printer will be considered as an office equipment or as an end user device ?


surinder
This Query has 4 replies

This Query has 4 replies

23 May 2015 at 16:55

Tds on transportation

dear all , I hear about TDs on transportation in f.y.2015-16 pls tell about it in detail






CCI Pro



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