Is it possible to convert a certain amount of Creditors(Who was silent for the last 5 years) into Reserves as per AS

our is a pvt ltd. co. mfg combines having around 70 employees. These includes direct labour in the mfg deptt., foremen and adm. staff. Around 60 employees and one director is given a remuneration of Rs. 10000/- or more. Only 10 employees are there who are given salary of Rs. 6500/- or less. I want to know whether PF is applicable on our co. or not. Should we apply for EPF? We use to pay the salary in cash only. No bifurcation of the salary is made.
Please guide me what to do
It is very urgent.
Thanx

HI,


WHAT ARE THE PERCENTAGE ON CTC FOR CALCULATION SALARIES i.e. (BASIC ,HRA,CONVEYANCE ETC. IS ANY SOME PROVISION IN DIRECT TAXES, REGARDING THAT


PLS DO NEED FULL FOR ME

Dear Sir,


I Have No Knowledge about ROC. PLEASE give me deeply knowledge about ROC. Like That what is due date, challan No, which details will be fill on this form. all thing.


THanks & Regards

Amrish Chauhan
(CFA Student)

How should the accounts of a person dealing in sim cards and recharge cards be maintained? e.g. A person purchases recharge cards of Rs.100 at Rs.90 from a Company and sells the same at Rs.100. In what manner the difference of Rs.10 be accounted for so as to avoid any provisions of Tax Audit.

In a private Ltd company,A Director is withdrawing amount of Say Rs. 10,000 per month and it is treated as his Drawing A/c.
1. whether this treatment is correct?
2. How it should be Treated as per Companies Act?
3. Which section speaks about this?

An employee is staying at Hyderabad and claiming HRA benefit. The same employee has taken a housing loan for property situated at bangalore and is getting rental income from the said property. Now the question is whether the employer can take the rental income declared by the employee and also the Interest paid for the purpose of working out the TDS to be deducted from Salary payment.

Interest Paid is about 3.30 Lakhs
Rental income is Rs.80000
Net Loss Rs 2.50 Lakhs

Is there any award from the ICAI for getting all India First Mark in Accounts??

What is the treatment of Non refundale security received on renting a floor?

DEAR ALL,

I (jaipur )have purchase a softwaref from a limited company from mumbai. In the bill he charged cst @4%as well as service tax @12.36%.

Tell me it is correct to charge double tax vat as well as service tax?
or the rate of CST is correct ?

Pls reply ASAP.

Thanks & Regards