reference book for each subject for pe2 may 09

As per the PF Act, employee means an employee who is drawing Salary (i.e Basic+DA)less than or equal to Rs.6500/-. If the employees who is drawing the salary more than Rs.6500/-(Basic+DA) donot want to contribute to pf, Then can the company allow?. i.e. with the requst of the employees(who is drawing (basic+da)more than Rs.6500/-) if the company is not deducting the pf from the employees is there any non compliance?

Please resolve my query

Thanks & regards
Sai krishna,CA

Hello Experts

I am Confused about following Notification;

Notification No. 34/2004 :says ST will not be paid if
(i)the gross amount charged on consignments transported in a goods carriage does not exceed rupees one thousand five hundred; or
(ii)the gross amount charged on an individual consignment transported in a goods carriage does not exceed rupees seven hundred fifty

Please advise me in following case keeping in mind above (ii);
1) Consignment Note No.: 1 for Rs. 235/- dtd 1/4/2008 (Truck No. ABC)
ii)CN : 2 for Rs. 350/- & CN No. 4 for Rs. 500/- both r Dtd 2.4.08 (Truck:ABC for both CN)
ii)CN 3 & 4 for Rs. 355 & 555 dtd 3.4.08 & 4.4.08 but delivered in same truck on 4.4.08(Truck no. ABC)

As per my Belief service tax will be liable as follows;
i)No ST to be paid
ii) Diff. CN hence no ST to be paid
iii) Same as (ii)

Please help me by providing your valued opinion..

Further one of the expert has given his valued opinion that you can not clarify this thing to office in future so please use your mind but i want exact answer for the above situation.

Thanks
CA Rohit

our company Received the Services from Singapore enterprise and its not a professional or thechnical service. its like a work order.

on that invoice it is mentioned that the bill is Excluding any indian taxes

How much % of Income Tax will be applicable.

pls. suggest me

It is a case of private limited company. They have not made any provision for Payment of Gratuity in the books. As and when Gratuity liability arises, calculations are made as per Payment of Gratuity Act and are paid to the employees who retire or resign etc., Now my question is:

a) u/s36(1)(5) provides for Payment to Approved Gratuity fund alone are eligible for deduction. But in this case nothing is paid into Grautity fund but Gratuity is paid to retired staff as per Payment of Gratuity Act.
b) Since there has been actual payment, can we claim deduction u/s37(1)

Pl enlighten

G Muralidharan

Kindly help me with the format of attendance register for Board Meeting. As per my thinking it can be, date of the meeting, names and signature. Let me know if anything more can be added or has to be added.

Respected Sir/Madam,
What is the meaning & Use of Patent,Copyright & Trademark?

DEAR SIR,

MY QUERY IS THAT WHETHER A COMPANY CAN TAKE UNSECURED LOAN FROM DIRECTOR EVEN THOUGH HE IS NOT A SHAREHOLDER OF A COMPANY

Regards

Ravi Konda

Dear Sir,

Our Company has purchased furniture and given on rent to our sister concern

My query is the rent from furniture which we receive should be shown under income from house property of income from other sources and can we claim depreciation on furniture in both cases

Regards

Ravi Konda

Dear Sir,

Our Company is into developing and Leasing of Properties
My company developed a factory building on 99 years Leased Land and given on Rent to our sister concern which is into manufacturing of Tools Dies and Punches for pharmaceutical company the income which is arrived by way of rent will be treated as income from House property or income from business profession

Regards

Ravi Konda