One of our clients is enjoying the working capital limits from the nationalized bank. While renewing the facitlities bank has increased margin from 20% to 25% without giving any reasons. when the customer represented to reduce it to 20% as per the original sanction, the bank refuse to do so. So whether bank can change the terms & conditions of working capital loan without giving an opportunity of being heard to the customer or can bank revise the terms arbitrarily without intimating to the customer.
Pls let us know any guideline if any is there or in such situation what customer should do if he does not want to accept the revised terms.

Hi,

My company's registered office is in Delhi and we don't have any other office in India. But our staff work from all over India from their respective residence. Is Professional tax applicable on staff members working in Tamilnadu, West Bengal, Karnataka, Maharashtra etc. even if we prepare & disburse salary centrally from Delhi?

Praveen

Do you respect your principle even they are rude to you?

dear sir/ madam


D ltd took a contract for 5lakhs on 01/07/2006. on 30th june when a/cs were closed the following details about the contract were gathered.material:Rs 1,00,000 wages:Rs50,000 gen expences: Rs10,000 materials on hand 30/6/2007 :Rs 25,000 work certified:Rs 2,00,000 cash received :Rs1,50,000 work certified:Rs15,000 depreciation:Rs 5000 and the contract has escalation clause "inthe event of prices of materials and rates of wages increase by morethan 5% the contract price will be inreased accordingly by 25% of the rise in the cost of materials and wages beyond 5%in each case. It was found that since the date of signing the agreement the prices of materials and wage rates increased by 25% the value of the work certified doesnot take into a/c the affect of he above clause. is this is the problem plese explain me about the escalation clause
thanking u
praveena

Good morning,
I am a B.Com graduate and currently doing Audit and Taxation work.I get few project reports' work.But I don't know how to prepare project repot.So,can you guide me how to prepare project reports?
Thanking you sir.

Regards
Chanabasappa

I've pan card which I wanna surrender.Initially , I spoke with AYAEKAR SAMPAR KENDRA " which is suitated in gurgaon AND den dey gave me 10 digit some reference no...and according to them it will take 2 month.
den after some daysI I found dis link.and through dis link"http://www.sparshitax.net/pan/newPAN.asp".I filled dat form and submitted...SO needs 2 know
(1 )How much time will dey take 2 cancel my old pan card.
(2 ) How can I get acknowledgment whether its done or not
(3) as per dis I'd applied twice 2 cancelled my previous pan..so is it safe na ?

For calculation of Professional Tax, various slabs are provided.
If an employee receives less salary in a particular month, ie he falls into a slabe below his regular than
1. deduct PF as per his regular salary
2. deduct less professional tax

Respected Experts,

I have deducted TDS from the rent of Office and House.Now i have to give TDS certificate to the landlord for the purpose of filing returns.My bank is standard chartered and they have the facility.But I dont have any idea about filling the challan.
Kinldy give advise in which challan number i have to submit the Deducted amount to bank

Greatful Thanks in Advance,
Regards
Vijay

sir
what is the mean of acs will i get any type exemption in it bcos i have already cleared my icwai inter?

Hi,

we need to pay royalty on the software licence sale amounting to Rs 50 lac. which is 50% of total cost, can i pay this much royalty under FEMA???

Nazir