One more query.

If the employee opts out of PF Contribution, what's the procedure to opt out? In this context, what's the obligation of Employer, should he still continue to contribute 12 % of Salary as PF? or he can also stop contribution since the employee opted out?

Thank you,
Raghu

Dear sir,

I have query regarding Application money refundable and interest payable on deposit which remains unpaid for more than 7 years. In one of the company in which I am auditing having two account. 1. Unclaimed Application Money 2. Interest payable on Deposit pending information.

In first account i.e. Application money, the contension of the company is that they did not get information from Central Bank regarding payment they made to the investor. So they did not change the balance after last confirmation. Around 8 lacs Rupees lying in that account. Further

For 2nd account, they informed me that only 23000 remains payable and we will pay if liability arises. But it is payable from 1993-94.

I am not comfortable with the companies explanation regarding this. According to me, both amount has to be transfeered to the Investor Protection Fund.

Please suggest your opinion.

Regards,

Jigar

Hello,

Can anyone help me to know whether recovery of repairs expenditure from tenant would liable to tax ? If yes then under which head i.e. Income from house property or Income from other sources ? In either case whether any deduction can be claimed ? Can it be considered as capital receipt not liable to tax (Amount is Rs. 15,000/-) ?

Thank you

I want to know is there any mandatory to maintain some kind of Share holding %ges for compliance of ROC or Tax purposes.
Minimum holding for Directors, shareholders or etc.... how much shareholding by another co. will amount to associates, holding subsidiary, wholly owned subsidiary.. or anyone please refer me some books on these

is it manadatory for a subsidary of a Govt. comp. to file form 25C?

I want to ask one thing that if we sale to someone then in which conditions that party deduct our TDS on Payment and which rate. Please Reply me soon its too urgent.


Waiting for your valuable reply.

can anyone tell me some good book to study AS & AAS?

Which book is best for service tax in our practice.
Please suggest the name of book with reason to the same.

Regards

In case a travel agent giving a booking to hotel and against the same hotel give some amount of commission to travel agent
for providing such booking to hotel - In that case can travel agent charge service tax on commission receivable from hotel,

please reply with support of your answer

I have few Q on chatitable trusts:

Q1 : creating a charitable trust with immovable property as corpus - does it requires registration ?

Q2: can a charitable trust act as a settlor of a charitable trust ?

Q3: if registration is not mandatory - the effect on title ?