What is factory according to the payment of bonus act,1948?Does it includes only manufacturing process or it will activities like packing etc.,
Even if a person get a salary of Rs.10000/- for him the minimum bonus will be calculated only from the Rs.3500/-?

Quite a few documents reflect the presence of two different types of clauses in an agreement. The agrement may be of any kind. Take for instance an agreement to sell or agreement to rent out a property. One clause may read that "any dispute must be referred to abritration under the Arbitration and the Conciliation Act". There is also another clause which may read that "Äll Disputes shall be subject to the jurisdiction of courts located in ------------city." If these two clauses are present in a single agreement it gives rise to difficulty as to which will prevail. There is a judgment delivered by one of our High Court in a similar and rare case of this kind holding that the power of court will prevail the power of arbitration. In other words the arbitration clause cannot supersede the jursidictional clause of courts.

Case Laws Required or the full summary of the case laws please give me.

Company is not doing any business from A.Y. 2005-06 but wants to transfer creditors in director's personal A/c so what procedure should be followd?

Sir, A Company which is paper manufacturing company has not submitted annual filing form
(Form 23B, 23AC/ACA, 20B) from A.Y. 2004-05. Now, if company wants to file compliance related filings, then how much additional fees must be paid?

kindly give me reply as soon as possible..

The companiy is not falling under tax audit clause and hence no tax audit is carried out and hence no audit report(CARO) has been issued.
While ROC filing of 23AC, Whether accounts were audited or not? In that section NO option is not allowed to be selected.
If i write yes then what should be entered as audit report date? as there has been no audit report.

I may post my query for your views.

Query :

Even though the card holder is very prompt and regular in his payments for the usage of cards, whether the bank official has a right to take a decision to close the card accounts because the offical is unable to reach the card holder and the purpose of call is merely to give updation (matter is not known) to the card holder. Is it possible by the bank and is it fair on the part of the bank ?

Await experts' views.

what is the minimum amount of gratuity, if any, that has to be given to employee by employer.

Dear Freinds . I have one dobut regarding structring salary under PF Act . Is there any limit like e.g 50 % of salary should be basic salary , remaining can be paid by way of allowances in PF or in any other act . Please help me with some case laws if possible .

Can a Pvt Ltd Company become a co-applicant in the Housing Loan of the Director of that Company?

If yes what is the Maximum amount to be mentioned in the resolution passed by BOD in the board meeting? ( I mean is there any restriction related to paid up capital). In otherwords, if paid up capital of the pvt co is 4.5 crores then can resolution can be passed for 6 Crores of Loan.

Reply its urgent.

One of my clients is promoting a holiday resort in karnataka.The construction is going on inthe name of the company X.
All the expenses relating to the company
was transferred to the company Y as Y entered into with Joint venture with Z for the joint promotion of the project. The transfer of expenses incurred by X took place on 31.03.2009.The professional tax officer wants to cover the company Y in which he wants to assess the libility including the expenses of X since the project commenced.The Resort is still under construction and has not commenced the commercial operations.
Kindly advise:
1. Whether profession tax is applicable
inspite of the fact the company has not commenced its operations?
2.Even if applicable whether he can add up the expenses incurred till 31.03.2009 in the company X ?
3.What is the interest rate applicable and the penal provisions?
4.The fact is that both the registered offices of the company are at chennai where as the project is in Karnataka.
whether the company can opt to pay at chennai if tax is applicable?
5.Can I have the link to the Karnataka profession tax act and rules(latest) applicable?
Thanks for the guidance
Muralidharan
Chartered Accountant
09600933390/09686857540