i am an accountant at a private limited company,
i want to know about the esic & epf rules,
basic salry of every freshers in our concern is 8000 only,

how much we paid for esic and epf ?

and how we are excempted from epf?

the maximum salary of epf deduction?

If A buy the Bike in Fy 11-12 with borrowing bank loan but he was not liable to file to IT Return for the same year. But in FY 12-13 he is liable to file IT Return. Buying Cost is Rs 50,000/- in FY 11-12. So which Opening balance I have to considered for Accounting for Return. Shall I considered the Depreciation as per provision of IT for FY 11-12. As per my knowledge if A buy the bike after Sep-11 then its depreciation will 50000*15%/2 i.e. 3750/-. Kindly suggest whether it fine or not?

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Hello Everyboby,

Please Advise regarding the claimability/allowability of Amnesty Scheme for Non filing of Service Tax Returns and if the scheme is applicable then what is the amount of Penalty Abatement(Liability for Non Filing ST Returns is Rs.20000 as we all know)

Thanks in Advance for your Valuable Knowledge and Suggestion.

Please Do Reply as there is an ambiguity in case of availing the Scheme in case of Non filing of Returns/applicability of amnesty to ST Returns and the Amount of Amnesty.

Please let me the procedure for getting the Search Report from ROC? Whether I can get the same MCA portal? If so whether it is from public documents or certified copies

From INCOME FROM SALARY what to do with the adjustment of lunch allowances plz help me

Dear Sir,
I have a query for Disclosure of Shares being alloted for Part consideration as cash and part consideration other than cash.
Example in this situation:
A Ltd has to pay to B Ltd Rs.100
B Ltd has to pay to A Ltd Rs.70

Then B Ltd gives the offer to A ltd to Take the shares of Rs.100 and pay the balance Rs.30 in cash as net settlement.

Then what would be the required disclosure of the allotment.
Opt 1- Entire allotment for consideration other than cash
Opt 2-Entire allotment for cash
Or Any other,if yes,then please provide.

Thank You

The assessee owns agri. land and does farming activity. On some part of the land there are few old fruit bearing trees.Whether income from sale of such fruits is exempt from tax.
Thanks

My company is private Ltd company incorporated under companies Act 1956

Share holding patten

50% of Foreign listed Company

30% of Foreign Public Company

20% are indian

Now my Query is

Is my Company treated as Private Company or Public Company

i have partnership firm of 2 partners.
i want to know legal procedure and documentation in case of admission and retirement of partner in same time.

shop purchase in f.y. 2003-04. depre. on same is charged upto f.y. 2011-12 and thereafter the asset is treated as commercial property. The same has been sold in f.y. 2013-14.
whether the capital gain is long term or short term?
What tax benefit I can avail u/s. 54?