Is e-payment of professional tax is compulsory. If yes then what is the procedure. Please reply me. thanks in advance

A private company(incorporated in 2011) is dealing in fancy jewellery in india having 2 directors - NRI husband and his Resident wife
Most of the jewellery is purchased from china and gulf
The director (NRI in dubai) often pays for this jewellery directly from his own bank account in the gulf
These purchases are accounted in the companys books by debiting puchases and crediting Directors loan account
Is there any violation of FEMA/ RBI regulations in this?

Loan outstanding is 29 lakhs which consist of pyment for purchases accounted and also transfer from Directors NRE bank account to company bank account for meeting expenses

is there any violation in making payment by the director for the companys purchases?
Is there any maximum period for such loan?
Are funds transferred from NRI directors NRE bank account to company bank account to meet expense in order or is there any FEMA violation in ?

Hi Friends...

can u please provide me the complete procedure of registration under shop & registration act,1954 (Delhi).

I have gone through the site and got the Form-C. After that what i need to do???
should the need to submit some document or wat.

Please Reply

Dear Sirs,

I have certain doubts about gratuity act, kindly clarify.

As per Gratuity Act an employee to be eligible for gratuity has to work for a minimum of 240 days / year.

1. Kindly let me know from which date 240 days would be reckoned (starting from the date of joining or from calender month in which the employee has joined).

2. If an employee has worked for 7 years, out of which in 3 years he has worked for less than 240 days (calculated as per the Act), would he be paid gratuity for 4 year only.

3. For calculating no. of working days as above whether leave days without wages would be considered.

Thanking you in anticipation.

Best Regards

section 34 (1) ?

Dear All
I need NIC code for the district where the project is located to fill the Form FC-GPR.
I only found NIC code for the business activity. From where can i get the NIC code for dstrict.?

Thank you.

Dear Sir,
I amm the director of a private limited company. I have a plot of land which I want to give on rent with an non refundable advance of Rs. X and Rs. Y amount of monthly rent. Am I permissible to do that under companies act.

how much interst should pay after failure to return application money completion of 120 days under sec 69.
and after 60 days as per sebi?

To which company reverse charge mechanism on service provided by directors is applicable???

Depreciation rate on air pollution control equipments as per co. act 1956?