Hello,

Can a Employer cut the employees salary during lock down even though the employees are working from home? If the Employer is a Private Establishment. Is there any legal obligation? is there any separate obligation for manufacturing, service and trade industry

Please reply.

We are 100% EOU, exported material for job-work & return (not a sale transaction). Now due to Covid-19 we are unable to bring back the material to India, instead we export directly to customer in another country. We need to pay to the job-worker to release the material. We are paying as A2 payment with TDS, but bank is not releasing payment saying material is not coming back to India.

What is the way-out? Banks are not allowed to pay if material is not coming back to India? How to handle the case?

Dear Sir's,

This case pertains to our Company. Following are the facts.

1. Export Sales Invoice done on 1st March 2020 for US$.225,000.00

2. Let Export given by customs and dated as 20th March 2020.

3. Containers stuffed with the cargo and in Nhavasheva Port.

4. Due to lockdown the Vessel could not dock and now the cargo in inside the Port premises. Once the lockdown in open we will immediately dispatch the goods and the Bill of Lading will be dated as maybe 20th April 2020.

Now my question is:

1. As the Sales has been booked on 1st March 2020 will the sales stand in the accounts books for the Financial Year 2019 - 2020.

2. As the Customs has given Let Export order and in the Customs web site it has been registered as sale in this Financial Year 2019 – 2020.

3. Will the Bill of Lading which will have date a of 20th April 2020 wherein only physical movement will be done have a effect on the sales for the Financial Year 2019 – 2020.

Kindly get a detailed written reply from you Professional Contacts as our CFO is telling us that he will cancel this sale and re-book in the year 2020 – 2021

Awaiting your reply to this mail.

Thanks & best regards,

CARL M. MATHIAS

Dear sir,
I sold flat-A and Rs.200000 invested in capital gain fixed deposit scheme with Central bank of India in 2013 (As advised by CA). At that time I was paying money to under construction Flat-B which I bought before (This purchase mentioned in Annual Return). But I did not set off capital gain of Flat-A against Flat-B till this date.At present purchase agreement of Flat B is pending for registration. Now my question is,
1. Can I set off this capital gain against Flat-B in current year ?
2. How can I close the capital gain Fix deposit at Central Bank of India?
Request you to guide for this matter.

Dear Experts,

My company got closed suddenly, thought of withdrawing my PF amount. But when i logged in i tried for online withdrawal. I understand my Name, Aadhar numbers nothing was matching. I have edited the information as per my Aadhar. But now the problem is this information need to approved by the company which was closed and no one is there to do these activities.

Kindly advise how to proceed on this kind of situation. Is there any other way i can withdraw my money from EPF

Thanks in Advance

Bank deduct TDS in cases of interest payments for more than Rs 10,000 p.a. but banks do not deduct TDS if form 15H is submitted. Is there any threshold criteria or upper ceiling where banks will deduct TDS even if form 15H is submitted? For example, if a person earns Rs 10 lakh as interest on FD, he should not be allowed to avoid TDS by just submitting a form.

Black and white photographs are not accepted for processing of PAN application.
We request you to kindly submit two recent colour photograph (3.5 cm *2.5 cm) on a separate paper with signature/thumb impression across any one of the photos.


What should I do now?

Sir,

By mistake we had paid excess Professional Tax (PT - Employee) in previous year, can we get back refund or adjust against next year Liability.

I have a query regarding my CA final attempt. I started my articleship on 22 feb 2018. However i took a transfer and resumed my articleship after 81 days ( i.e. re registration was effected after 81 days on paper ). Now i just wanted to confirm that which attempt is due for me whether it is May 2021 or Nov 2020. If i consider Nov 2020 , my articleship ends on 15th May 2021 including my gap of 81 days ( i.e after 30th April 2021 ). Because there is provision regarding attempt eligibilty that if my attempt is in Nov 2020 then my 2.5 years of must have completed till 31st october 2020 and at the same time my articleship should have completed till April 2021. Please guide me in my case, which attempt is due for me.

Dear Experts,

I had raised a loan for purchase of plot and construction from a Nationalised Bank. The Bank imposed an interest of 9 % pa. The repayment period was for 5 years. With in period of 2 years when I was foreclosing the loan the Bank asked me whether I have constructed a building over the plot not? I have informed them that I have not constructed a building over the plot. Therefore, the Bank officials asked me pay additional interest of point 5%. Considering the fact that I have promptly repaid the loan that too well before the loan period, is it right on the Bank to impose additional interest on me. Dear Experts please suggest if there is any way to convince the Bank to waive off the additional interest. I would be greateful. Thanks in advance.