Anonymous
01 March 2013 at 13:56

Rural postal life insurance

Sir,

I have taken one Rural Postal Life Insurance Policy and paid a premium of Rs. 31250/- . I want to know the above premium is exempted from Income Tax undr section 80 C. Kinldy let us know the same and ny notification in this regard. As my company is not allowing the same for tax rebate

Thanking you

A. Jayaprakas



Anonymous
01 March 2013 at 13:55

Dissolution deed - partnership

Hi,

In case of an unregistered partnership for which the latest partnership deed was made on a Rs. 100 stamp paper in 2008 -
1.) Is the dissolution deed also required to be made on stamp paper or can it be made on plain paper?
2.) If it is to be made on stamp paper - what should be the value of the stamp paper.



Anonymous
01 March 2013 at 13:54

Superannuation fund

Can employer deduct superannuation fund contribution from employee's salary?As far as my knowledge is concerned this is not a mandatory contribution and the contribution should come from the employer's end to the extent of 15% of basic salary.pls let me know whether this is a prudent practice or not ?


dheeraj kumar

Sir

Please tell the tds rate for payment of commission to non resident individual/ foreign company

Also tell how tds return under which section it is to be filed.

and foreign national/company does not have any indian pan

commission can also be called consutancy charges/royalty etc.

please reply at the earliest

Thanks & Regards
Dheeraj KUMAR



Anonymous
01 March 2013 at 13:41

Esi & pf

Dear Sir,

( 1. ) I am woriking in limited company depot. Here is no any type of manufacturing only trading. Manufacturing units are in another states. We receive only stock trf or cst purchase. Then here ESI is aplicale or not. Although here are 20 labours work at depot?


( 2. ) Dear sir also confirm that we debit labourer exp in loading & unloading head.
if we enter in Wages or salary head. then PF & ESI are aplicale in same condition or not?

Regards,

Rahul Kumar Mehra



Anonymous

From the following which statement is correct as per new amendment.
Penalty of Rs.5000/-under section 271FA for non filing of AIR
OR
A sum of one hundred rupees for every day during which the failure continues (fails to furnish such return within the time prescribed)

And further proposed
A sum of five hundred rupees for every day during which the failure continues, beginning from the day immediately following the day on which the time specified in such notice for furnishing the return expires.




parul goyal
01 March 2013 at 13:29

Fema compliance for fcgpr

Please tell me , what are the documents required to be submitted along with form FC-GPR. Also tell whether cs or ca certificate is mandatory and what is the format for the same


Kaustubh Ram Karandikar
01 March 2013 at 13:25

Ready made garments

Excise duty is exempted on readymade garments from 01.03.13 subject to not availing credit. What about the stock of readymade garments lying in factory on closing day of 28.02.13? is it liable for payment of excise duty on its clearance.?



Anonymous

Sir,
Suppose my factory is located in Gujarat.
I import material from foreign country on which I pay "X" amount as Custom duty & CVD.
Said material reached at Mumbai port. I pay duty and Bill of Entry also filed in my name. So, I am an importer. Then I want to sale said material to my customer who is in Maharashtra state.

What it makes difference if I directly dispatch goods from Mumbai port to my customer.
2)I take material in my factory in Gujarat and then dispatch it to customer in Maharastra.


MANJUNATHA M.R
01 March 2013 at 13:16

Accounting treatment !

Dear Experts Please clarify the following transactions.I Processed Printing & Job work in Dubai and dumped in dubai only. I don't have IEC code Party making the payment in India. In this case in what head we account the same. Please give me correct head of account. Is there any indian taxes applicable Thanks in Advance





CCI Pro

Follow us


Answer Query