One of our client has sent the following questions, please send your advice:

1. We have taken the resposibility of running and maintenance of
Government hospitals under the public-private partnership concept. All
the required staffs are appointed by us and we receive Grant from
Government towards salary and administrative expenses. Do we need to
register under PF Act? If yes, do we need to pay the employers
contribution also along with employee contributions? Can we deduct
employer contribution from employees? We will not be reimbursed from
the Government towards employer contribution, if we pay and also we do
not have any other sources of funds for payment of employer
contribution. Other important point is that their services will be
discontinued once the Government hospitals are handed over back to
Government.

2. Apart from the above staff, there are other staffs who are working
in our NGO in difference projects, do they are also covered under the
PF Act once the registration is taken? All the salary payments are
made out of the budget given by the funding agencies. Once the funds
are utilized or the project in completed, they will not be in the
services of our NGO.

3. We are following cash basis of accounting and paying salary only
when the salary grant is received. The grant may be received monthly
or quarterly etc., Do we need to pay employee and employer
contribution (if applicable) monthly, if the grant is received
quarterly once?

I am a B.Com graduate registered under C.A.Inter scheme on December 2000 and I have appeared for PE II exams till November 2007. I still have to clear both the groups. Now I want a clarification regarding whether I can appear for May 2008-PE II exam. Also let me know, whether I am eligible to appear in Professional competance Exams subsequently thereafter?

I just want to know can Revised MVAT Audit Report be filed if original report was based on returns that were defective or not properly filed and advise given in the audit report based on that returns too was wrong due to non-availability of all records made available by the dealer in time. Can such Revised Audit Report be filed by another auditor if previous auditor who conducted the audit does not consent the same and too does not provide access to the original report filed with the Department.

Hi,

Can anyone give me the formats of below Excise Register Reports.
1. RG 23 A Part II
2. RG I
3. PLA Report.
my Mail id is : ar.bhaskara@gmail.com

Thanks & Regards
Bhaskar

Hi,
Request your expert opinion in the following matter:

- We have employees drawing salaries in the range of Rs 8000/- pm to
Rs 2 lacs PM CTC.

-The break up comprises components like
Basic,HRA,Conveyance,PF,Group Medical Insurance,LTA,Medical
Reimbursement and SPECIAL SALARY.

-On an average ,basic is around 25% of CTC and PF is calculated on
this amount.

-PF authorities are insisting that special salary too should have
been taken into account while calculating PF and want us to pay 24%
(12%+12%) on this component(ie special salary) for all the employees
who have worked with us for last 10 years.

Query- Is the stand of PF Department legally correct?

Thanks in advance for your responses.

Whether any advance payment exceeding Rs.20,000 against an expenditure attracts 40(A)(3) disallowance?

hii thx kapil sir for the reply bt actually i have no frd n nobody who can guide me nywhere coz aftr school all of my frds have becum very busy n dun talk to me n they have taken up their pcc coaching so would u plz temme for which subjects do i need coaching n contact numbers of the names of those u suggested to me n gud books which i should take for pcc n gud firms in delhi where i can go for the articleship training.thx a ton for the reply sir n plz help.
nupur

can anybody advice me as to how should i plan my study schedule for nov2008 final exam. thank u in advance........

hi sir KAPIL G THOKRE G M SIR in my previous question i had asked u that one of my frd had passed cpt in aug 2007 n Failed 10+2 can he register for pcc after passing 10+2 in march 2008 n u have said that he can register . but his cpt sir told him to enquir by doing phone to chennai ICAI . N HE HAD TOLD ME TO ENQUIR FROM OTHER EXPERTS SO I DID N ONE OF THE EXPERT HAS TOLD THAT HE HAS TO WRITE CPT AGAIN HE IS TOTALLY CONFUSED SIR . PLS CLARIFY SIR.

during the last year we have not deducted tds on contracts on of our creditors. can we deduct tds on last year bills during the year, if yes wat about returns submitted already? pl help..