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SALARY

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(Querist)
15 March 2011 SIR IN THE CHAPTER PROFIT PRIOR TO INCORPORATION A QUESTION WAS THERE IN WHICH TIME RATIO WAS 1:2.CO. WAS INCORPORATED ON 1st MAY.FINANCAL YEAR ENDS ON 31st DECEMBER.
IN ADJUSTMET IT WAS THERE THAT SALARY WAS INCREASED BY Rs. 2,000 p.m. THE AMOUNT OF SALARY WAS Rs. 85,000.PLEASE TELL ME IN RESPECT OF PRE & POST INCORPORATION PERIOD..
THNX IN ADVANCE.
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AKSHIT MALHOTRA

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AKSHIT MALHOTRA (Querist)
16 March 2011 PLEASE HELP ME.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
16 March 2011 SALARY WAS INCREASED - which date salary increased ??
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AKSHIT MALHOTRA

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AKSHIT MALHOTRA (Querist)
16 March 2011 SIR ON 1st MAY.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
16 March 2011 increased salary for 8 months (2000p.m. * 8 months = Rs. 16000)

total salary = Rs. 85000 -increased salary 16000 = Rs. 69000/-

Rs. 69000/- is to be divided in the time ratio(1:2)

salary prior to incorporation = Rs. 23000/-

salary post incorporation = 46000+16000 = Rs. 62000
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AKSHIT MALHOTRA

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AKSHIT MALHOTRA (Querist)
16 March 2011 THNX A LOT SIR.
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