Hi,
we are in Gujarat. My query is about deduction of Profession Tax. As per Profession Tax Act Gujarat 1976; It is being deducted on gross salary which included pay or wages, dearness allowance and all other
remunerations received by any person on regular basis, whether payable in cash or kind.
and also include perquisites, and profits in lieu of Salary as defined in section 17 of the
Income-tax Act, (43 of 1961). 1[but does not include any form of bonus or gratuity]"

Now my query is, if we pay Medical Exp. reimbursement or Leave Travel Assistance or any such type of allowance. Should we consider this for deduction of Tax.

Regards,

One of our client have furniture business and will be importing chairs specifically made-to-order from China.However, for the production of these chairs the supplier needs made-to-order mould/tooling which will be arranged by the supplier to be delivered to him in Shanghai, for the manufacture of the end product "Chairs" which will be later imported to India. The cost of these mould/tooling USD 98970.00 needs to be remitted to the supplier. The life of these mould/tooling is three years. Thereafter it will be scapped in China and the proceeds will be remitted to India alongwith Certificate to that effect. Since the mould/tooling will not be reaching India, there will be no Bill of Entry for the same. Whether RBI prior approval is required and under which category this transaction comes under?
Please guide

Thanking you,

S.G.Chiplunkar

Is it possible to paid remuniration to the partners even if no business during the year?

OUR COMPANY HIRE SOME CAR FOR OFFICIAL PURPOSE. CAR HIRING 1ST BILL FOR 20000/- & 2ND BILL 40000/- REC. I WOULD LIKE TO KNOW WHAT IS APPLICABILITY OF TDS & WHICH CATEGORY.

PLEASE HELP ME

during preparation is it better to do the problems after seeing the answer or moving with the question only without seeing the notes?

If the Director and Managing Director of a Pvt. Ltd. Company has decided to not to take Director's Remuneration/Salary due to financial crisis of the Company except Rs.1/- as a token and the rent for the residence which was received by them as perquisite, do we require to hold EGM for approval of the shareholders or just approval of the Board of Directors is enough?

I WANT TO KNOW ABOUT WHAT IS SENSEX & NIFTY WHAT IS THE PROCEDURE FOR INVEST IN SHARE MARKET,HOW I ANALYSIS ABOUT MARKET?

Hello

A - Consignor in Tamilnadu
B - Consignee in Delhi
C - Customer in Maharashtra

My question is as follows

As per above details
"B" wants to send the goods manufactured by "A" directly to "C".

As the above dealing is on consignment sales i.e against F-form can the despatch of goods be delivered directly to "C"

but the invoice will be raised A to B and B to C

so the main question is can "B" wants to send the goods manufactured by "A" directly to "C".

Regards

One of the director of our company is in Canada for last one month and he may stay there for one month more. For banking purpose we have to execute a power of attorney by director abroad in favour of a director in India.
My questions are;-
1. Procedure for executing POA by a person abroad in favour of a person in India. Explaining the role of Notary public in Canada or Indian Embassy or Canadian Embassy????

2. Does it have to be embossed before collector/commisioner in India?

(WE ARE IN PUNJAB)

Thanks in Advance.
Hardeep

Im about to finished my articles and wish to get into practice asap. Can anyone help me with the basic proderural parts for the same with Icai. Also I have gmcs due this Oct'11 and my seniors tell that it may take 3-9 months to get my membership details. If this is so then what can I do till that point of time.
Looking forward for your valuable views.