My salary is Rs. 10000 and i have worked 13 days in july 2010.So i got net salary of Rs. 4194(10000/31*13).

So what should be my bonus calculation as per Bonus act for this month:-
either
RS. 700 (Rs. 3500*20%)
or
Rs. 294 (Rs. 3500/31*13=1468*20%)

A person lived in India for more than 182 days in the year 2004-05,
So, he is PRI (Person Resident India) in the year 2005-06,
But if he went to abroad for the purpose of Employment on 30.06.2005 i.e in the current year, then what would be his residential status?

Hi all,

Can a company(subsidiary of foreign co.) borrow money on one year advance against services provided to foreign clients.

is it allowed under FEMA and Income tax. what all rules and regulations, circulars??

Dear Expert,
Release of exchange exceeding US $ 10,000 or its equivalent in one calendar year, for one or more private visits to any country (except Nepal and Bhutan) require prior approval of RBI except where the payment is made from RFC Account.

Suppose I visited Foreign and incurred the exp more than US $ 10,000/-
My question is how could I get prior approval while I had already cross the limit.

Bcoz foreign currency easily available outside the airport by the agents and I can get as much as I want.

Thanking You,

Regards
Mantu

DEAR MEMBERS,
I HAVE A QUESTION THAT WHETHER THE PAYMENT OF BONUS ACT IS APPLICABLE TO ANY TRUST OR SOCIETY WHICH ARE ESTABLISHED UNDER THE PARTICULAR STATE ACT.

THANK YOU.

how to pass a resolution convening the director to receive a managerial remuneration

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Dear All,

Kindly update..


How many directors are appointed in case of company(Public Ltd. & Private Ltd.)

is there any provision regarding their retirement or any rotation ?

whats the charging fee for altering the name clause in the memorandum of association? as per the latest amendments

Respected experts,
I have a query in relation to the validity of non judicial stamp papers. How to identify whether stamp papers are duly registered or not? Are the unregistered stamp papers valid?
Further, i have came across a stamp paper on the back of which nothing is written. Just a stamp is affixed. Will it effect the validity of agreement?