Any law proof for pf deduction not mandatory if basic salary is more than rs. 6,500/-. we are deducting pf maximum on basic rs. 6500/- however basic is 10,000/- or 15,000/- but we have consider 6500/- only. Maximum PF Employer contribution in any basic above 65000/- we are contributing only max 780/-. Is it ok as per pf rule.

Regards,
Lalit Kr Sharma
Applect Learning Systems Pvt. Ltd.

I m having a Query that if a person has taken Sahara deposit scheme on deduction is not allowed and the amount is paid on monthly basis for 4 to 5 years .payment is made through cash.But the maturity amt. received is through cheque. I want to know that whether i should calculate the interest on this scheme and show it in the return as Interest Income or any other suggestion.
Please provide me the best option .

I m having a Query that if a person has taken Sahara deposit scheme on deduction is not allowed and the amount is paid on monthly basis for 4 to 5 years .payment is made through cash.But the maturity amt. received is through cheque. I want to know that whether i should calculate the interest on this scheme and show it in the return as Interest Income or any other suggestion.
Please provide me the best option .

Sir,

One of our Clients’ is using Straight Line Method of Depreciation as per Companies Law. This is the second year of their business. They have debited a portion of the asset with a certain sum of money and we are treating it as deletion. Now, how should we calculate depreciation for the deleted asset under SLM ?

So here is the situation, have around 30 lakhs to invest in India. Me, NRI with retired parents. What are my options with minimum tax implications to me and my parents.
Best suggestion will get awarded in cash through paypal.

May the suggestions flow!!!

Income of a co-operative society engaged in certain specific business activities such as providing banking or credit facilities to its members, cottage industry and others...., is fully deductible.
However, the provision of this sction shall not apply to any cooperative bank other than a primary agricultural credit society or a primary cooperative agricultural and rural development bank.
Is benefit of this section available to Cooperative credit society engaged in providing banking or credit facilities to its members?

Sir,
One of my Clients who is a non resident in UAE has sold goods to Indian Company for 15 million dollors.and now the company wants to make payment for the same.
My Question is that will tax be deducted for the payment of goods and if so which section is attracted.. Also if there are any RBI Regulations of the same.

Thank you.

dear collegues,

my client earned salary income in nepal. the company he was working
deduct tds in nepal and remit it to the revenue dept. of nepal.the
income shown is in nepale rupees. the assessee has status of non
resident as per sec. 6. now the question arises

1) how we will proove that the assessee was in nepal for days when
there is no restriction of to and fro from nepal for residential status.

2) how we will show the nepale rupees income in india for filing the
return income in india i.e what will be conversion rate for 31.3.2006
& 31.3.2007.

regards
ca man mohan modi

If the net wealth of the parents are same amount in whose hands the minors net wealth should be included under the wealth tax act,1956.

Dear Sir,

The TDS has to be deducted towards Income from Salary from the employees before February-2009 end so that burden will not fall on March-2009.

In this regard could you please send Form 16 in Excel Sheet format for the financial year 2008 - 09.

My mail-id's are sramadasu@nukg.com; sramadasu@gmail.com

regards
Sai Ramadasu