Hi Friends,
Can any one clarify 2 thing

there is 1 section in PF act , that allows Employer to Pay PF only on basic salary + DA of Rs 6500 ( it means there is a Cap of rs 6500 whether the employee is getting higher salary than rs 6500)
employer has to contribute only Rs 780 (6500*12%)
can any one tell me the relevant section ?

& 2nly there is 1 more thing , in PF act , there is one more option is available to Employees , if the employees having the basic salary of more than 15000, then the company can give him the option , whether he want to opt PF act or not to opt
can any one tell me the relevant section ?

waiting for your positive reply

Thanks in advance

What is the difference between license agreement and leave & license agreement? Can there be a sub sub license agreement, if the licensor agrees?

C.A A.K.Maitra

Respected Experts
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IN MY CASE FIRM PROPERTY SOLD BY ALL THE PARTNERS AND THEY HAVE BEEN PAID THE AMOUNT AS PER THEIR PROFIT SHARING RATIO.THE CAPITAL GAIN TAX PAID BY DD AND THE AMOUNT HAS BEEN MENTIONED AS PER RATIO BASIS IN SALE DEED. SOME OUTSIDERS COMPLAINS THAT THE FIRM CAN NOT SOLD THE PROPERTY TO LAND REVENUE AUTHORITIES. WE WANT SOME MATTERS IN THIS REGARD TO SUBMIT OUR EXPLANATION THAT THE ALL THE PARTNERS CAN SALE THE PROPERTY. IT IS THEIR IMPLIED AUTHORITY TO SALE OR PURCAHSE OF FIXED ASSETS AS PER THEIT MUTUALLY CONSENT
I REQUIRED AN ANSER WHICH I CAN PRODUCE BEFORE THE LAND REVENUE AUTHORITY

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Dear all

My Friend and his family is leaving in a building and that has ownership by his grand grand father.

Nw after their grand grand father death, the property are lying with his grand father only...his grand father are 3 brother....

My friend's grand father is living alone in that property for last 30 years and renovated it and made many improvements.

Since now the market value of that property is more than 1 crore.

Nw all of My Friend's Grand Father Brother wants to divide and want their ratio in that property,

Please suggest me ...How my Friend's grand Father is alone get the possession of the property or if it is not possible then what are ratio, in which the property is divide.