Answer Posted / p. navaneetha krishnan

If an employee having Credit on is Leave (which can be
withdrawn / encashed) that will be paid (only the basic
amount not full day salary)

On encashment of leave, Government Levy should be deducted
@ 12% on the arriving amount and the same need to be paid
to the governement along with the employer contribution
(Provident Fund Account)

12% on Gross Amount from employer and employee to be paid
to Provident Fund Account without fail and immediately.


Professional Tax is a tax of the State Government, need to
be paid twice in a year September / March - October / April
on every year as per the given slabs by the governement as
far as tamilnadu is concerned it is maximum of Rs.810/- for
six month if salary (Gross) exceeds Rs.75000/-.

What is the difference between fund flow vs. Cash flow?

1085

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I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com

1933

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What doyou mean by assesment order? and for what purpose it will be passed?

2100

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Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards

2184

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DEFINATION OF LABOUR ACT?

2304

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Define financial year?

1118

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Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??

3785

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CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

2381

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Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?

1912

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Explain long term capital gains and how is it different from short term capital gains?

1159

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WHAT IS FORM AND OTHER REQUIRMENT FOR FILE EXCISE RETRUN AND HOW WE FILE EXCISE RETURN ?

1871

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Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???

2453

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which date Entry Tax has been started by Himachal Govt. and Please let us know the which act under Entry tax comes

1913

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Can I know the full description about capital and revenue in nature? and also the expenses that allowed for tax and not allowed for tax?

1944

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if a item sale on cash bill which is under vat sechdule c local sale tax is 5% so what is the rate of CST without C Form

1867

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