i want to ask that as regards to gratuity provision,whether that fund has to bemanaged and if not managed through approved organisation etc..then whether any penalty is payable? what are the relevant provisions for the same??

Hello Friends,

I am doing an audit of newly incorporated company which is a subsidiary of a foreign company. They are recieving some money from the Holding Company before incorporation for certain preliminary expenses. And they are refunding that money after some months to their Holding Company. So whether they falls within the ambit of Section 269SS and Section 269SST

Hi Friends,

Please resolve my problem.
A company was newly formed and they are paying salary to their directors in cash exceeding Rs.20000 otherwise than by an account payee cheque and directors withdraw cash from the bank. Then it will attract disallowance of Section 40(A)(3) or not.

Sir,

We have make provision of expenses on 31-03-08 after deducting TDS.

The due date for making payment of TDS is 31-05-08. But we forgot to pay pay TDS can we now make payment today?

After making the TDS payment late whether the expenses can be claimed in the F.Y. 07-08?

Also tell me whether it is necessary to deduct TDS while making provision of Audit fees as on 31-03?

Please guide.

What is the difference between bad debts and Sundry dr. balances written off.
Should these accounts be maintained separately?If yes, why?

In one company incurred expenditure before opening branch these expenditure like salaries, stipend, advertisement,Interest on loans, rent, security charges etc. these expenses are capitalised at the time of opening branch and the same is transferred to assets like furniture, plant and machinary etc is this procedure is correct if yes please give me source about the same

I want to confirm that if there is any change in format of Form 3-CD for asstt. Year 2008-09.

Dear experts,
Will the Labour laws like Payment of Bonus Act, ESIC, Bombay shop & Establishment Act and Labour Contract Act be applicable to A Trust Resistered under Bombay Public Trust Act,Society Registration Act, 1860 And also registered under Section 12A of Income Tax Act?
Also for compliance purpose the Trust should follow which Trust Act or Society Registration Act?

Is there any provision which restricts the use of packing credit funds for non export purposes

could u plz tell me about BRS in practical,what's main points to do BRS. plz asses me.