Tax on transactions involving with Foreign persons!!

Dear Experts,
1.Please provide me under what conditions we have to deduct TDS u/s 195 when there is payment to foreign persons.
2.Also quote me the sections which i have to refer such as 9 of i.t. act
3.What is permanent establishment established in india?
Thanks & Regards,
Rajesh

Payment to Foreign Parent company

Foreign Parent company made payment to a Indian company for consultancy to established subsy in india, againtst which indian company raise invoice to foreign parent company of Rs. 20 L and foeign company made payment of Rs. 20 L accordingly. After incorporation of indian subsy foreign company raise invoice to subsy for reimbursement of above mentioned expenses incurred on behalf of subsy. Now the question is that whether the susby liable to deduct TDS on such Payment ? pls post ur reply eariler

accounting treatment of depb license

hii
if any exporter is entitled to depb license when should recognition in books be made whether on cash basis or accrual basis????

Vat on Cylinders for Industrial Use

In a Manufacturing Co. Can we claim credit of-
1. Vat on the oxygen Cylinders/Gas purchased
for industrial use,
2. What about the Excise Duty, can we have
the credit of the duty if shown by the
supplier in his invoice,
3. If claim cannot be taken, should we take
VAT & Excise in our books?

Thanks.

qis

what is QIS
HOW IS IT PREPARED I.E WITH REFERENCE TO AUDITED BALANCE SHEET OR WITH CURRENT DATA AVAILABLE?

PLS ADVICE

Regreesion models for financial projections

Friends,

Are there any specific REGRESSION MODELS for "financial projections" ?

Bit confused..was able to find regreesion models only....but what abt financial projetions ?

help........

articleship

HI Friends.

Would anyone please tell me which field have more scope TAXATION or AUDITNG.
iam interested to work with big four and iam sure i want to continue with service later on.


Please reply and share ur views with me.
Thanking you,
SAGAR SINGHAL

Partnership Deed - Accounts settlement

A Proprietary concern with a capital of X got converted into a Partnership Firm by inducting a Partner B. The year's balance sheet was discussed before drafting out the terms of the agreement. In the clause coving Capital it was agreed and the principal partner agreed to X/3 as his capital and the joining partner was not to get in any capital for the time being ( as he was instrumental in the production and getting the orders of the firm ). The Profit / Loss share was agreed at 75:25 between the Principal and the new partner. In addition, the new Partner gave in his flat as collateral to the Bank for facilities availed by the Firm. Though this is not put in the Partnership deed, as adviced by the concern's C.A. The Capital of the Principal Partner was maintained at X itself for reasons not known to the new partner for the years that followed after the firm was in operation. The new Partner was mostly working out of country. Now after 4 yrs, the new partner has rendered his resignation from the Partnership firm. We have now all the assets and liabilities of the firm. What will be the capital of the Principal partner - X/3 that has been declared in the Partnership Deed or what is declared in the present Balance Sheet - X Kindly comment. Preferably with a case / rule for our study.

Internal Audit

I have done numerous statutory audits but this is my first internal audit. So I dont know the extra steps which should be taken on every particular area.
However, I am doing internal audit of a leasing company for the period 1/4/10 to 30/9/10. So i need to know what extra steps do i take to verify the rental income for the same.
Also, this company has changed its accounting package on 1st July 2010. So, half the entries are in one package & half the entries in other package. So, i have to perform an internal control system audit as well. So, how do I proceed for this?? can i have the checklist for this as well??

PF/ESI contribution

Dear Experts,
My query is regarding a practical situation which I am facing.My friend has contributed towards his PF.His first & secon employer has deducted PF from his salary during his duration of employment.Now, he joined a 3rd concern and has a new PF account number. He has laready given the cancellation form at the time of resignation from his previous employers. But to this date neither that PF(already remmitted) had been transferred to his new account or he has withdrawn. He would like to know the status of his PF.Can u guide me regarding this?
Urgent plsss...Hope u all will not disappoint me

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