Gifft Tax act applicable in india or not & if it is applicable then what tax rate wil levied.

Dear Sir,

one of my relative has received dd against sales made by him.when it presents the dd the bank refuse to pay it due to stoppage of payment by the drawer.When he asked how the stoppage is made the bank replied that the drawer stoppage the payment declaring that the dd is stolen.can the bank do so without receiving the original dd copy.what legal action seller can take and how can he recover the same under the actunder the negotiable instrument act.

A Pvt Ltd Company Engaged in Trading Business/Department Store.

Now Sales man are Their, They Come & Work For 2-3 Months & Then Leave Job.

Weather They are Counted Under PF For Fulfilling Condition of 20 Or More Person For Applying PF.

WHAT IS THE MEANS OF EXTERNAL STANDARD AA1000

sir whts the meanin of without prejudice of any other section or sub section n whts the diff between nothwithstandin n without prejudice.

What is director emeritus? What are the provisions for appointment and remuneration?

What is director emeritus? What are the provisions for appointment and remuneration?

Dear Experts,
Requires URGENT ATTENTION SIR/MADAM!!
A private ltd. company which has only 2 directors has obtained unsecured loans.
1)Pls. provide me what are all the procedures to be followed while obtaining unsecured loans.
2) As a statutory auditors what are our responsibilities in verifying the compliance of the same.
3) How many people have to sign the audited accounts with respect to Companies Act and also Income tax Act?
4)Is it mandatory that the annual accounts has to be signed by the Managing Director even in case of only 2 directors are there?
5) What to do if there is no official appointment of M.D. between the 2 directors.
Thanks for the reply.
With regards,
Rajesh.

Dear Professional collegues I want to know that if a company has not filed its annual accounts and annual return for last 2 years, and is not doing business since its incorporation, then whether it can go for stike off under section 560 of the act without filing the annual accounts and returns for the pending two years.

Also note that the company has received a notice from the ROC for filing its annual accounts.

Waiting for prompt response.

as i appearing nov10 pcc xams is new gratuity act amendment 2010 & companies bill 2009 applicable for us.