I joined the company in starting of april 2009. My annual package was decided 200,000/- it was formal finallization. Till the date no confirmation letter was given. While giving the salary cheque i was quite shocked to know that my monthly salary that would be 16666/- comes to approx 14738.
The computation of salary is as follows:
Basic - 90000
Bonus - 8400 (that on basic as per Bonus Act)
Leave salary for 1 month - (200000-8400)*13= 14738

Actualy they included leave salary and divide annual package by 13 and their contention was that NO WORK NO SALARY

It means to avail 2Lac i have to work 365 days except public holidays. Than what does the mean of leave salary?
My contention is that leave salary is a benefir and that accrue as an employee works. so if in my account i have accrued leave salary, i have 2 option of utilize it - 1. To cash the leave or 2. Avail this by not going to office.
Leave salary is other than normal salary and should not be included in Annual package.

Please guide me on this. What is the right way about leave salary? Whether it is included in Annual package or it is extra benefit. And can an employer put it into contract like this?

Hi!
Please tell me what documents are required to be filed with SEBI by a Listed Company with regard to quarterly filings.

Thanks and regards

Gourav Mehta

Hi!
Can anyone please tell what are the Quarterly requirements regarding the filing of corporate governance report by a listed company. Is the format and contents of the quartetly report are different from that of annual report. Please send me the format of Quarterly Corporate Governance Report.

Company has three Bikes shown in its books

so Expense of Petrol & Repair is liable for FBT or not

as in Motor car running exp. u/s 115WB(2)(H) Only exp of Motor car are to be taken for FBT but no explaination given for whether FBT applicable on petrol & repair exp of Bike of Companies.

and even it also not mentioned in Travelling Y Conveyance Exp U/s 115WB(2)(F),

so whether petrol & repair exp of own bike is allowable for FBT or not

Dear experts,

'ABC' company has started their business in FY 07-08. Now FY 08-09 is the company's second Financial Year.

Now the company is closing their books for FY 08-09 (Finalization). And they want to make a provision for Gratuity. (Company wants to Introduce Gratuity.)

Questions:
1. What is the applicability for gratuity?
2. How does it work?
3. What is the procedure?

How can i claim Depreciation on Motor car if it is registered in the name of Director ? can u give me the section details or any circular

DEAR ALL,

AS PER MCA.GOV.IN
CIN STANDS FOR : CORPORATE INDENTIFICATION NO.

GLN STANDS FOR : GLOBAL LOCATION NO.

Pls. guide me about GLN (GLOBAL LOCATION NO.) WITH EXAMPLE.

URGENTLY

REGARDS
BISHNU DEO SHARMA

i have wrongly entered 2008-09 instead of 2009-10 in challan 281 as assesment year and the payment is already made..if i want to change that as 2009-10 what i have to do? please answer this.....

What is the tax implication of gift given by father to daughter? Is there any exemption limit or is it fully exempt?

Our CA has come up with list of proofs to be submitted as per rules of Income Tax Act for FY 2009-2010, PLEASE CONFIRM WHETHER THEY ARE INLINE WITH INCOME TAX ACT OR IS HE ASKING SOMETHING EXTRA?
1. HRA10(13A):
a. Original Rent receipts
b. If monthly rent exceeds Rs. 3000/- copy of LEAVE & LICENCE AGREEMENT IS REQUIRED
c. Rent receipts shall show complete ADDRESS OF LAND LORD WITH PIN Code

2. Medical Expenses 17(2):
a.Bills of Medicines along with DOCTORS PRESCRIPTION