Where any buyer fails to make payment of the amount to the supplier, as required under section 15 of Small Micro and Medium Act, the buyer shall, notwithstanding anything contained in any agreement between the buyer and the supplier or in any law for the time being in force, be liable to pay compound interest with monthly rests to the supplier on that amount from the appointed day or, as the case may be, from the date immediately following the date agreed upon, at three times of the bank rate notified by the Reserve Bank.what is the exact bank rate to be considered for this purpose? from where we have to take this exact bank rate

One of my client has deducted PF for the Month of April,may,And june-2004 and paid it in aug-2004 in the same financial year(with interest & penalty).ie he deducted but paid late by 2 month.can A.O. disallow the expenses on the ground thai it is paid late ? is there any decided case on this matter ? please refer me

does any1 hav any idea abt how serious the BJP bandh will be, on 2nd May.
The exams are starting on the same day. I'm worried.
Pls some1 throw light on this.

In Co. X there are 7 directors, out of which 2 are also directors of another pvt ltd company (Total strenth is 2). No transactions took place between these two company. Can pvt ltd co. comes under the defination of subsidiary.

Dear Sir

we purchase from local party against D2 Form and made indirect export
so please tell us where we show it in quaterly sales Retun Form vat R1.

Please tell us where we show it in which purchase form like LP 1, 2, 3, 4, 5, 6, 7 8 9 10

Dear friends,

I require entire list of Ward , Circle, Range e.g.list of whole ahmedabad.

As pre section 80C payment to Public provident fund upto 70000 is exempt for one year. In PPF a/c one withdrawal allowable is permitted for one year from 7th year.

If one make deposit Rs.10000 and withdraw 12000 from the PPF a/c during one calander year say financial year 2007-08, can he claim 80C exemption. Whether withdrawal from PPF a/c is taxable or not?

Dear Sir,

How to incorporate Euro EEFC Bank A/c & Rupee Bank Account in Tally 7.2?

Also provide guide for Inventory entries in Tally 7.2?

XYZ company gives sales commission to its dealears,tax is also duly deducted.My question is if sales order is obtained by the dealer through a third party,and whatever chrges he pays to that party is recovered from the company,will this payment be considered as commission?Is the company responsible for deducting the tax at source?

hi .have got myself registered as an article from 22nd of april 08 .presently doin a correspondece diploma course from icfai .got my last exam of this course on 27th of april .Should i fill in form 112 and send it supposing i clear and finish the course the results of which will be publishd in a months time ??Wht do i do if i dont clear this time ..i would writing next in september .PLz send in your views.Then again i hope icfai has won the legal battle it had against ca .