Sir,

Kinldy advice on the foll.

A new employee was asked to join our co. within one month, whereas as per his employment contract with the earlier co. he was supposed to give notice for 3 months.

Our co. urged the employee to join us within 1 month and assured to reimburse him the salary of 2 months for short notice given to his previous employer.

Now we are reimbursing the new employee the 2 months salary paid by him to the earlier employer.

Would like to confirm whether this should be considered as his income and added to his salary income and TDS to be deducted consideing this reimbursement.

Suppose an employee's gross salary is Rs 8000 in Dec 09 due to a revision of pay his salary will be revised to Rs 12000 per month from April 09. Now my question is whether ESI will have to be deducted for the balance contribution period for him? If " Yes" on which amount, on Rs 10000/ (maxm limit fixed for ESI) or Rs 12000/- can anybody help me out referring the appropriate provision of ESI.

What is the proceudre for registration under CST ?
Is it necessray to first register under state vat ?

My client has sold some of its house property for which incurred cost of improvement of Rs 145000.00,
The total area of House propert is say 3.5779 Acres and it has sold 1.6 acre in 2008-09, but incurred cost of improvement in the financial year 2009-10 when he sold .359 acres from the balance property.
What is the way to avail the cost of improvement for the part of property sold in financila year 2008-09 i.e. 1.6 acres.
Beacause my cllient promised all buyer to provide that facility at the time of sale in 2008-09. Please guide me on what stand i can get deduction of that proprtionate part of property sold before incurring of cost of improvement.

Thanks & Regards

DEAR EXPERTS

MY QUERY IS REGARDING SECTION 25 COMPANY RUNNING AN EDUCATIONAL INSTITUTION ON NO PROFIT NO LOSS BASIS (FOR CHARIATABLE PURPOSE) AND TURNOVER OF THE SAME IS LESS THAN 1 CRORE AS PRESCRIBED UNDER INCOME TAX ACT.

NOW MY QUESTION IS WHEN THE TAX AUDIT IS REQUIRED TO BE DONE AND WHAT IS THE FORM TO BE USED FOR 10 (23C)(iiiad).
SINCE FORM 10BB IS USED FOR THE EDUCTIONAL INSTITUTIONS UNDER CLAUSE iv, v , vi OF SECTION 10 (23C). BUT NO WHERE CLAUSE iiiad of section 10 (23c) is mentioned.

please reply.

Hui
Dear Sir,

I m referring the Accounts of one Corporate Company where only Service tax Input Credit is taken. No output Service Rendered. only payment made from Corporate unit. No return Is filed for Service Tax. and how Credit can be utilised for Setoff? there is no Cenvat Credit availed? how to utilise the Credit of Service Tax.
pls xplain the Norms against which it is Utilised.thanx

Dear sir
I want to know the suitable head for accounting entry. My company decided to pay back to the sale executive 50% of the recovery of old oustanding he deposit. and company will keep 1000 per case for new delivery and remaining amount will be payback to executive. The executive have to settel all his expenses, salary, market scheme, sales promotion within the amount company had paid to him. I have a problem that againt which expenses head I have to reimburse him.
1) recovery expenses.(bcos all the schemes and personal expenses will be paid through the executive)
2) Commission (TDS problem - the executive cant bear it bcos after deduction it is hard to expend the remaining money in market.)
3) Incentive (Same TDS problem)

Please suggest me.

Thanks & regards
SHAIKH A.K.

Dear experts

(1)In case of export under LUT it is necessary to maintained any bond register/or any other register?if yes what is the column to be maintained?how to treat transaction?

(2)If we are sending Inputs from factory premisese to job worker for further process and returned processed material to us it is necessary to get permission from excise authority?

Request you to give proper guideline in this matter.

Thanks
Sandeep

i am a ca final student.serving last 9 months of articleship.i have passed GDC & A in 2006 bebore clearing my PE2.completed Mcom this yr. now i want to register myself with "SAHAKAR DEPT" as certified Auditor. can i do so?
or i have to seek permission from ICAI?
how can i ask permission? whts the procedure?
please reply me

What is difference between
1) Banker cheque
2) demand draft
3) Pay order


and if there is no diff. why we use different terms?
Thanks