our company is manufacturing co. in Gujarat. Is professional tax deducted on temporary workers? In gujarat, if employees are more than 20, than we have to file monthly return. So, my question is temporary workers are included in 20 employees ? if not included than we have to file quaterly return otherwise monthly return.

Hai,

I have changed the job and moved to another job. Now, as per institute records old employer details are there, Is it my responsibility to updated the new job details to the institute? If yes, within how many days i have to update the information to the institute?

Respected sir.

I have to solve one problem, example:
we are one sale bill in tally for Rs 1500+14.50% vat thus together comes to say 2000/- after one day customer come and exchange the watch and buy new for 3000+14.50% tax say Rs 3500/- and he will pay us balance amount of rs 1500/- for this how we can make sales bill in tally for rs 2000/ credit and balance for adjustment bill kindly brief me

A timber merchant purchased 1,000 c.ft. of timber logs on 1st April, 1991 @ Rs. 100 per c.ft. and stored them in his timber yard for six months for seasoning. In the timber yard the following items of expenses were incurred during the period of seasoning:
(i) Rent Rs. 1,250 p.m.
(ii) Salaries of 4 Guards @ Rs. 250 p.m. (iii) Incidental Expenditure for Maintenance, Power, Lighting, etc. Rs. 750 p.m.
(iv) Annual Share of Administration Overhead Rs. 10,000. 50% of the floor area of the godown and other connected operations were incurred for stocking the seasoned timber. Loss in volume of the lags due to seasoning should be taken at 10%. Calculate the selling price of the seasoned timber per c.ft. on 1st October, 1991 assuming that the profit margin on cost was 15%.
Solution - Computation of Selling Price Quantity Amount c.ft. Rs.
Cost of Timber 1,000 1,00,000 Rent (1,250  6  1/2) 3,750 Salaries of Guards (250  4  6  1/2) 3,000 Incidental Expenses for maintenance, Power, etc. 2,250 Administration Overhead (10,000  1/2  1/2) 2,500 Less: Loss in volume (10%) 100 1,11,500


WHY ALL ITEMS HAVE BEEN MULTIPLIED BY 1/2 ?

Our client has a registered office in Mumbai, a service center in Pune and Corporate office is in Gurgaon.
No. of employee :
Gurgaon - 7
Pune - 2
and 2 employees are working from Chennai (they are working from home)

I want to know that whether Professional Tax is applicable or not and if yes on how many employees, working in above respective state.
Please reply as soon as possible.
Urgent

I have qualified my CA-Final exam in nov 2012 but i have not applied for membership yet. I had a query= i have completed my m.com but i have never shown about my B.com/M.com to ICAI and now if i would fill in the membership form about my B.com/M.com then is there any problem ????
Please help me.
I am worried about it.

Dear sir,
In our books of accounts there are some credit balances lyeing for a quite a long time against our suppliers.Please advice whether we can transfer this amount to partner's capital account as our is a firm.
Please reply at the earliest.As the customers are not responding to their confirmation.

As we know that as per the Accounting Standard, an inventory is to be valued at cost or market value, whichever is lower.

Now let me explain my query with the help of an example.:

A trader deals in oil products. He purchases the oil from a manufacturer and sells it to consumers.
On purchase of oil from the manufacturer, he gets some litres of oil free on purchase of a specific quanti
ty. Out of his total purchases of 2,00,000 litres of oil, 50,000 litres was free.

On the other hand his sales figures are like this:
Out of total sales of 1,80,000 litres of oil the free sold was 25,000 litres.
The closing stock is 20,000 litres.
Out of this 20,000 litres, how much free stock is to be considered ?
The inflow of free stock is 50,000 litres and outflow is 25,000 litres. As per this condition the remaining free stock must be 25,000. But the overall closing stock is only 20,000 litres. How is the calculation made in this case ??

Can any one tell me the Detail Procedure How to Form a Partnership Firm In Mumbai.

Dear Sir
Is the resignation letter as a partner of CA firm is required to be addressed to The Institute and copy to the firm ,Kindly clarify.
regards