Dear Sir
I am working as a finance/ Admin Officer in a Liaison office of a Hongkong Based Company.
My job profiles is as below.

1. Payroll is outsourced to our CA firm.
My job is to provide them data(Inputs & Investments etc) only in the end of each month to process salary,then transfer the salary to bank.
Prepare TDS/PF cheques and send them to CA firm.
2.To Keep HR Records.
3.To Update shipment record in a customised software.
4.To reconcile bank at the end of each month to generate report to our HKG office.

We Maintain accounts in Receipt & Payments Basis.

Please advise what else is there to learn in a Liaison office (LO),How can I make progress.


Regards

Puran Dangwal

My query relates to FBT.
If company incurrs any expenditure on Conveyance of customer will it be liable to FBT.

Wether TDS is applicable for the Subscription?

If it is applicable on what % basis & if it is limit amount is their

I have completed 1 and 1/2 years of my articleship and now want to pursue Industrial Training in the last year of my training.
can any body tell me is their any organisation or firms approved or suggested by ICAI to impart Industrial Training.
Can I join a Bank or a share broker firm to do my Industrial training.

Our Company has A valuable Govt Custmor say X ltd.

The terms & Conditions of purchase order is as under:

In case of delay in delivery beyond specified date then there will be a deduction towards LD (Liquidated damages charges) @ 1% of the basic order value only.

Now,part of ordered goods have been delivered in time. for rest of the goods which we have delivered after due date, the client is deducting LD on TOTAL BASIC ORDER VALUE BUT NOT ON BASIC ORDER VALUE OF UNDELIVERED PORTION.
On another second late delivery of same order, they are deducting LD ON TOTAL BASIC ORDER VALUE BUT NOT ON UNDELIVERED PORTION.

Ex. Total basic order value : 500000
60% delivered in time so no LD

rest 25% 1 week late of basic order value 125000: LD deducted on Rs 500000 whereas it should have been deducted on rs 125000

Rest 15% 2 week late of basic order value rs 75000. LD Deducted on rs 500000 whereas it should have been deducted on rs 75000.

That means for every late delivey ,client id deducting LD on TOTAL BASIC ORDER VALUE.

There is no result of Personel Meetings & disscussions. The client says that we have mentioned in our Order LD on TOTAL BASIC ORDER VALUE but according to my and my directors view it is implied that it is on undelivered portion only.

If iam Correct than what step i should take to recover the payment
Whether i should go for interpretation of deed.

Kindly Solve the problem

I want to know about all tax benefits in Goa, Daman & Diu for a Polymer (Plastics) Company

Dear Freinds,

Iam working in forging (Engineering items) manufacturer Company. My query is:
Acc. to terms & conditions of purchase order, the goods is to be delivered after testing of goods. we charged the testing charges on goods sold to the client and it was mentioned in the Purchase order that taxes on testing charges will be applicable as per govt rules.

Now at the time of payment the client has not made the payment of excise & taxes on testing charges.

In my opinion Excise & taxes should be paid by the client because testing is the precondition for despatch of goods.

Kindly solve my problem.

hi, friends...

In the financial year 2007-08, I found some raw mat. purchase bill related to F.Y. 2005-06 on which no cenvat credit availed. whether I can availed this cenvat cedit in Current finacial year (07-08) ????

whether any rule of CCR restrict time limit for claiming cenvat credit?????

how a new student can admit himself in pcc cousrse after completing his cpt test if he has no reference Of any c.a . firm in delhi.

Plz soplve my this query.

I have forgot my user id and password of income tax from which i have to submit my e return. sowhat to do now to retrive that.