Hello sir,

iam ANITA JAIN doing articleship in Laxminiwas & Co.i wanted to know that whether MBA Correspondence from ICFAI is valid or not...

thanking you

A Company is having 3 Directors in whole time employment and they draws monthly remuneration. Is there any P.F. Liability for the Company towards this 3 whole time directors?

As per Sch VI the Company shall disclose the managerial remuneration paid to Directors including P.F. if any.

But Directors are not considered as employees.

As per the provisions of the Employees Provident Fund Act the director who is in full time employment of the Company is also an employee.

What is Service Request Number in DIN-1? Is it the Challan number?

Sir,
How do we determine the date in which a bill of exchange is due when the date of issue and date of acceptance is given along with the time. Is the time counted after the date of acceptance or date of being drawn what??
A)1.1.05, X draws bill on y for 3 months. Due date of bill will be ????? How?
B) on 1.8.05 /x draws a bill on Y “FOR 30 days after sight”? Date of acceptance is is 8.8.05. Due date of bill is a)8.9.05 b)10.9 c) 11.9
What is “after sight”?

Can a person which is a member of Recognised Provident Fund (RPF), take loan from it ? And is it possible for him to take loan from it at concessional rate ?
Taking loan from RPF at concessional rate is taxable for all employees or not ?

What is NSC ? What is the meaning of 'periods' in respect of NSC ? Is the full name of NSC is National Saving Certificates ? How it is different from Kisan Vikas Patra (KVP) or Indira Vikas Patra (IVP) ?

Whit is STT ? Is it impose on all transaction of shares or only on daily trading of shares ?

What is Keyman Insurance ?

In a development agreement between builder & co-op housing society

Where the builder for developing of the building shall use the extra FSI and sell the same after giving each member of the society a flat who carpet area shall be 24% more than the present carpet area.

A sum of Rs. 500,000/- towards enhanced property and municipal taxes for their respective flats and inconvenience and hardship caused

A sum Rs 500,000/- to each member as rent for accommodation during the period of construction of the flat.

What is the liability to Income Tax
1) In case of extra carpet area received .
2) Amount received for future enhanced property ,municipal taxes and inconvenience caused.
3) Amount received as rent for accommodation during the period of construction of the new flat.

pls tell me that how much ACCOUNTING STANDARD & AUDIT ASSURANCE STANDARD ARE COMING IN FORTH COMING PEII EXAM.