In PF act limit of rupees 6,500 is specified for deduction. If an employee has salary of rupees 10,000/- pm then whether PF is deductable on 6500/- or on 10,000/- or the employee has an option to ask his employer not to PF from his salary.


what about the employer's contribution in all above situation.


It will be more thankful if anybody reply will appropriate circular/notification/ case laws.

I had came to know that the calculation limit for ESI has increased from 10000/- to 15000/-. Whether its correct or not? If yes can u plz let me know the applicable dates, similarly whether their are any changes in PF also.

I have one client which is a ltd. company. Suppose it has made provision for taxes for the year 2007-08 Rs. 150000/-. And the actual tax liability comes in the assessment of this company is Rs. 125000. So Rs. 25000/- is refunded by IT department with interest. Now the problem is what accounting entry is to be passed for Rs. 25000/- which is a excess provision? Whether it should be debited to provision for taxes account or it should be taken as income.

Thanks

A COMPANY HAS MAJOR SHAREHOLDER AND QUALIFIED TO BE RELATED PARTY TO THE CONCERN COMPANY.

CAN U PLS EXPLAIN WHAT DISCLOSURE TO BE ADDED IN NOTES TO ACCOUNTS.

Sir, there is a firm who provides inspection n testing services for product calibration with calibration certificate and charged labour charges, then is TDS provision applicable on such income if billing exceeds 20k

can a chartered accountant can give a provisional balance sheet and pl account.if yes,then what are important points of consideration.

Sir, can you please tell me when will the companies act, 1956 be changed for simplification.
i.e. the unnecessary sections be removed.
the NEW COMPANIES ACT

Who is responsible for balance confirmation of debtors/creditors as on 31st March?

If auditor where has to show??

If management is responsible & they have not done same then auditor reqiures to give notes/qualification?

I have one client which is a company. It has sold some equipments to trust. Now one of the director is managing trustee of that particular trust. so as per the definition of relative whether that transaction is to be entered in register under section 301.?

Thanks

A co. is enagaged in a job work in cloth.company has availed consultancy service in vaastu, architectural & interior designer for designing the installation of plant & machineries and other office equipments as well as design of office in the month of march-10.service provider has raised the bill on 01/04/2010. company has paid a sum of Rs.300000/- Now, my question is whether such exp. is considered as prior period exp. u/s. 44AB of I.T.Act-1961 and under AS-5.