sandeep
13 May 2008 at 14:32

articleship

sir i passed cpt in nov 2007 i joined articles in dec 3rd 2007 according to icai rules i cant take exams in 2009 may but i will do articles for 39 hours in a week i.e 7 hours in first five days and 4 hours on saturday i.e 39*72(72 weeks from december 2007 to may 1st 2009) it takes to nearly 2800 but i want to do articles of 35hours *78=2730hours.i am compliting the total hours and just for 23 days short of 18 months i want to wait for 6 months please some one guide me in this regard pleaseeeeeeeeeeeeeeeeeeeeeeeee.


Rashi
13 May 2008 at 13:06

Partnership Firm

A Firm is having 2 partners. Their profit sharing ration is 50:50.One of the partner wants to gift its entire partnership capital to the partner whois her son.

QUERY:Whether it is possible?
If yes the entry can be done by a JV in books and preparing gift deed or we should give it by cheque.
A PFAS of 2 partners in whioch one parner having zero capital balance will still be PFAS or it wil be a proprietory in eyes of law


CA Amit Prakash Sharma
13 May 2008 at 12:11

Banking related query

What is the basic difference between a Bank Guarantee and Letter of Credit?Please give me procedure for availing bank guarantee and cases where bank guarantee required.


cchatardeepdua
12 May 2008 at 14:14

PF Liability

In a case of call center where indivisual telecaller is hired on contract basis with his salary is divided in basic & other beninefits and tds is deducted at contract rate, wheather employer is liable to deduct & depodit PF & ESI on such payament or not.PF & ESI is applicable on such company as per act.


Batuk Maniar
12 May 2008 at 10:41

SEZ unit -SSI

Indian company located in SEZ engaged in 100% export of Jewellery. A foreign company intends to invest 50 % in equity. Does FEMA automatic regulations permits such investment - or Indian company has to move to FIPB for permission. The confusion is that the CEO of Indian company carries an impression that since their unit is having an investment in plant & machinery is less than Rs.50 Million and therefore the unit is a SSI unit and therefore if investment exceeds 24 % they have to move to FIPB and no automatic route is available to foreign company.

Is such impression is correct?


varun gupta
12 May 2008 at 09:38

Professional Tax deposit

Can somebody plz guide me that how to deposit professional tax for employees of mumbai branch here in delhi? Which challan to be used, can cheque be deposited in bank for same?


chandan
11 May 2008 at 11:40

Revenue Stamp..!!!

Hi,

Revenue stamp needs to be affixed on a voucher when payments exceeding Rs. 5000/- made in cash.
What are the organisations to which this rule is applicable..???
Whether this rule is applicable to a Trust / NGO making payments in cash of Rs. 5000/- or above..???

Any info / extracts on the above subject wil be of gr8 help..!!!

--



Regards,
Chandan.


CS Jignesh Mistry
10 May 2008 at 16:11

Stamp Duty on Shares

Can some one guide me with the xl sheet stating stamp duty payable on registering company with minimum share capital, & stamp duty payable on every increase in share capital.
further, also guide me on increase of which share capital we are liable to pay stamp duty like preferential capital, authorised equity captial, Issued & paidup equity capital.


Deepak Sharma

Dear Sir,

What is the Employee Professional Tax rates in MP.


Varsha
09 May 2008 at 16:01

FBT Interest

On what amount FBT interest should be charged whether on fringe benefit or on fringe benefit tax?????????????
can anyone help me on this query???????





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