is there any provision to charge 4 % service tax on any bill , i have to make payment to a sub contractor, i have heard that i have to charge only 4.12% in respect of service tax.is it right???? if yes.plz help me in detail

Dear Memebers
Is there a maximum time limit for holding an EGM for appointment of first auditors, where the board as failed to make the appointment within stipulated time. What are the implications under Companies Act

Thanks
Simant Prakash

A company get into agreement to provide ATM and ATM services to a bank for 5yrs.
now after two yrs bank want to terminate agreement and ready to pay compensation in 45 monthly installmnets. balance period of contract is 36months.. the company receiving compensation from bank need to know how they will account compensation.. whether they need to account full compensation current year or on receipt of compensation by insatllment. they made a agreement to get compensation 45 installments. pls advice

A company get into agreement to provide ATM and ATM services to a bank for 5yrs.
now after two yrs bank want to terminate agreement and ready to pay compensation in 45 monthly installmnets. balance period of contract is 36months.. the company receiving compensation from bank need to know how they will account compensation.. whether they need to account full compensation current year or on receipt of compensation by insatllment. they made a agreement to get compensation 45 installments. pls advice

1>Is Medical Claim receipt is taxable item or not?
2>Is it possible to deduct :=
a)Interest paid on loan borrowed for investment in share
b)DP Charges
c)STT paid
from STCG resultant from investment?

When a Company fails to file intimation of Charge Satisfaction u/s 138.

In this regard section 139 states that the ROC has the power to make entries of satisfaction and release in absence of intimation from a Company.

Would section 141 still be applicable.

And what would be the procedure.

Please Explain?

Dear Professionals

I am looking for some Chartered Accountant(s)/firms who are willing to outsource their Company Secretarial Services. I am a Practicing Company Secretary.

Vivek

Sir,

We are a pvt ltd co. Our employees claim HRA benefit based on rent paid by them & receipt submitted thereof.

I want to know, what is the employer's liability regarding the rent receipt if the rent paid is actually 10000 or more ?

Do we need to collect the PAN details of landlord also from our employees ?

Pl reply & oblige.

Subhash Jha

Hi, i want to know bout all the accounts which should be maintained by a small private ltd co.(IT co.). whether audit is necessary, where the accounts/books needs to be submitted, by when???, etc.

Can any one tell me about the definition of shifts in terms of working hours.

Whether 8 hrs= single shift

What if our company is working for 12 hours in part year.How do we considered it either double shift or single shift.

What will be the depreciation rates for machines for the full financial year 2008-09 if the above fact is considered?

Whether we have to calculate depreciation separately & proportionately for day wise and shift worked?

Please guide me