P.V.HARINDRANATH
31 October 2007 at 19:21

PAYROLL CALCULATION

Sir,
01. One of the advocate suggested our HR Manager to calculate the salary on the number of days as per the month(Feb - 28, then 30, and 31) But as per my knowledge, as per rule, we have to take 26days for calculation.

02. HRA - If i work for 10 days, then what will be the HRA if I am eligible for HRA Rs.6000/- a month?

Pleas advice me in the above regarding.

Regards
Hari


Mukesh Rohila

Example:-

An Ad agency book a advestisment in newspaper for Rs. 100.00(Gross rate), agency commission if fix @ 15% by DAVP( Dirctor of Audio Visual Publicity, Ministry of IB, govt of india).

Agency paid Rs.85/-, after deducting commission of Rs. 15 (15%).

Is this commission amount is liable to TDS u/s 194 C or J.

Or there is any notification, not to deduct TDS on this type of commission.


R.GANESAN
31 October 2007 at 14:44

Company Law-Sec 212

My company is exempted from the attaching the balance sheet with the Holding company the details of and the BS and P&L of subsidiary
Is it exempted only to send the holding company balance sheet with out the subsidiary balance sheet or
even in filing with the ROC the subsidiary company balance sheets need not be filed


Guest
31 October 2007 at 14:19

Creation of Debenture Redemption Reserve

What is the remedy/Legal Implications for a company which has redmmed Debenturs & Pref.Shares without creation of CRR & DRR from auditor's poit of view


Mridulla Mittal
31 October 2007 at 12:32

TDS on Reverse Charge

In case of import of services where there is a reverse charge i.e. where service tax payment to the revenue department is the responsibility of service receiver whether the TDS will be deducted on amount gross of service tax or on the net amount in case the service provider is not charging / showing service tax in the bill.


vipan
31 October 2007 at 11:36

service tax claim


Hi all

1. I want to know on which things we can claim service tax i.e. courier bills, telephone bills etc. please give me the detail of same

&

2. A person have two firms in which he is sole proprietor. He is filling service tax return in one firm. Can he is able to claim service tax credit in Second firm in which he is paying bills like courier charges & Telephone etc.

pls. advice me in this matter

Thanks & Regards





Dipti
31 October 2007 at 11:36

Career Aspect

I am trying to clear my PE-II since last 1998 but not scuceeding in it. If now I clear PE-II and final will it be worth in finding good jobs or it will be difficult on the ground that the time lapsed is long and the age factor.


whacky
31 October 2007 at 11:22

slab rate for AOP's

hi frnz....
pls tel me the slab rate for association of persons....


s.lohani

An agency can be created by ________
An agency is said to irrevocable where agency can’t be terminated. An agency is irrevocable in which of the following cases ____________

Which chapter is this topic “ Agency” is in ? Partnership Act or Contract law…
That too in which topic of the topic has this “Agency” been elaborated? I have been trying for 4 days but have not found the answers….


s.lohani

Case A:
If repair cost of building is 15ooo, whitewash epenses are 10000 cost of extension of building is 5 lakh, and cost of improvement in electrical wiring system is 25000; the “amt. to be expense” is _______
a) 50k b)550,000 c) 25000 d) nil

Case B:
X of Kolkata sends out goods worth 1 Lakh to Y of madras at cost +25%. Consignor’s expenses are rs 2000. 3/5 of the goods were sold by consignee at Rs 85000. Commission 2% on sale + 20% of “gross sales less all commission exceeds invoice value”? Amt commisoned is__
a)3083 b) 3000 c)2500 d)2000

Case C:
Micro Ltd issued 15000, 15% debentures of Rs 100 each at a premium of 10%, which are redeemable after 10 years at premium of 20%. The amount of loss on redemption of debentures to “written off” every year is ….
a) 15000 b) 30000 c) 45000 d)22500

The ambiguity lies in the words between “ ”

Plzz help me to find the answers with procedure






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