1)if some body resigned from company on Feb`08 but Full & Final payment(with notice period salary) has done on april`08, then how to enter this transaction in books?

2)please give any format for monthly salary entry format which includes all bifurcation e.g.basic pay+DA+Conv.allw.+HRA+PF (both employee+emplyer ded.)with TDS ded.

hello everybody, i have come across this firm does anybody have idea how is this firm for articleship ..is there anybody who is doing articleship from this firm

thx in advance

My friend has bought a truck's chasis for Rs.8,00,000/- under HirePurch agreement with Magam Leasing. He has paid following approximate amounts soon after purchase:-
Body of Truck 70,000/-
1st Insurance 18,000/-
Registration 15,000/-
1st Road Permits 15,000/-
Also the Financer had debited Rs.95,000/- towards the Hire charges.
Can all these expenses (Chasis, body, 1st insurance, 1st road permits, registration, Hire charges) be capitalised in the cost of truck.

Dear Friends,
One of our client raising service tax invoice with taxable and non taxable items (ie. professional charges, Reimbursement of expenses)

i want to know whether we can raise one invoice with taxable items and non taxable items
or we have to raise seperate invoice for taxable and non taxable items.

please clarify regarding this.

Thanks,

Hi,
we are paying rent office - Rs.19000pm and maintenance charges Rs.5000pm.
We are paying seperate cheque for rent and maintenance charges.

i want to know whether TDS on Rent is applicable on Rs.19000 or Rs.24000 (19000+5000)

thanks

A company in india was initially incorporated with 2 indian directors. The Company is engaged in Travel related services which is coming under automatic route for FDI. My query is that now , the company proposes to issue 95% of its shares to a foreign company. i believe that prior approval is not necessary as the FDI is covered under automatic route. What is the procedure to be adopted with respect to RBI for allotment of shares. What is the form/application to be filed with RBI for allotment of shares to a foreign company??

Hi Experts
I just know that a foreign company is incorporated outside india and has a place of business in India. we have 100% subsidary companies like Ford motors etc., will it come into the cagegory of foreign company? If a foreign company sets up business in place like SEZ, will it get the same tax holidays as enjoyed by other companies?

Do anybody have salary return file in Excel, if yes please upload the file on net.

Example:
Suppose i had booked an export invoice for $100 and get the remittance in $ only.In the year i get a remittance of $92 (Short is received due to deduction of bank charges by the foreign remitter bank) against the above export invoice. Now if i want to take the foriegn exchange fluctuation than what is the base price? Whether i have to take foreign exchange fluctuation on $100 or only on amount i had received ie $92.

Please excplain with the reason.

my friend started new compnay, in that company paid Rs.300000 (p.a.) salary

Basic ?
hra ?
CCA ?
Conveyance?
spl allowance?
medical allowance ?

per month (send salary structure- best for employer & employee benefit.
In CTC how much percent (%) deducted on emplyee salary, and how much PT deducted
please suggest me urgent sir.