I need information regarding NPA accounts, when a/c becomes NPA.
And also i have doubt regarding small accounts i.e., regarding personal loan which amount would not exceeds Rs. 50000 which was become NPA since last two years but bank has recently classified as NPA?
What is auditor duty in this regard?
Please reply fast.........

Can NRI directly make an investments in pvt. ltd. in india ? if Yes then what % of Share in total investment ?

Dear All,

pls. give me details about FC-GPR


Thanks Regards

Ashish Sharma

A foreign co established its branch office in 2004 but filed its From 44 in 2006, subsequently the certificate of reg was also received dated 2006.
The co has henceforth filed the annual returns but the annual returns for the period 2004 - 2006 have not been filed.
The co has nowreceived a notice from the ROC for the same.
What options does the comany has?
Are there any case laws that are avalable on the internet for reference w.r.t the case?

Dear Members,

I want to know as to how to compute provision for I.T. ......... I mean is it before adjusting brought forwrd loss with the current year's income or is it after adjusting the same with Current year's income.

Thanx...

What is rate of depreciation on business rights as per companies act on wdv Basis?

we are merchant exporter, exporting textile machinaries as well as yarn products. we have foreign based agents who provide us after sales services & payment collection. we paid them commission on that we are charging service tax to them. till sept 08 we charge & paid service tax on this commission amount. my query is that service tax on such commission (comm. on yarn products) is exempt from tax or not.
commission paid to foreign agents for selling yarn products is exempt from service tax.

PF Act is applicable if 20> employees are ther but what if some employees leave during the yr & no. remains less than 20

PF Act is applicable if 20> employees are ther but what if some employees leave during the yr & no. remains less than 20

Dear all..
Is it mandatory for companies to keep a register for their investments..??