An amount of 5 % has been deducted from the Tax Invoice issued under the Maharastra Value added Tax Act by the customer .
Please Explain :
1.Whether any amount is deductible from the invoice as ESI.
2.If Yes ,what will be the accounting treatment for the same.
3.Please specify the relavant provisons under any Act for the same.
4.If deduction is sustained than whether any certificate is to be obtained in this respect.

The act of answering will behighly appreciated.

Dear sir,

The applicability section of ESI Act says

1.10 employees in case where the factory runs with the aid of power

2.20 employees in case where the factory runs without the aid of power

3.such other estabilshment as notfied by Central Government

Can you please let me know what are the establishments notified by central govt.

Also,please let me know what is the minimum wage adopted for calulation of ESI liability?

Please let me know this

What do you mean by Flat Rate in the system of providing loan by Banks ? Explain the procedure of granting loan by banks, what are the terms and conditions, requirements, 'terms' such as Margin, collateral security, flat rate, etc. used in the procedure in a simple manner.

WILL ANYONE SEND ME A COPY OF PE-2 MERIT LIST MAY-2007 ATTEMPT OR ANYONE KNOWS ABOUT THE CLOSING MARKS OF MERIT LIST FOR 50th RANK

I have not attended the GMCS classes so is there any other way available for me to get a CA Membership No.?

Dear sir,

Can a firm give guarantee or surety on behalf third party to a bank or financial institution evenif there is no such clause in the Deed.If not what is the requirement to be fulfilled.Does the partnership act speak anywhere regarding guarantee given by the firm. Please let me know this soon.

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Hi,

I am in a urgent need of comparative analysis of Investment Restrictions which are applicable to domestic mutual funds with that of Luxembourg Mutual Funds.

If anybody has some data/write-up on the same, please send it to me.

Thanks & Regards
Abhinav

R/Sir,

Thanks for Expand our Knowledge,

Please Tell me details procedure for establishment for new Pvt. Ltd. Company or Partnership firm & also sent me Forms for Submission to Govt. Dept.

Thanking you

Regards Paresh Vaidya

Any one can tell me rate of RBI on 01-04-2007 for calculation in Income tax