Dear Sir,

Please explain,what are recalled assets (advances) in case of Banks (this is related to NPA accounts in Banks)?

Is it advances recalled under SARFAESI Act 2002, i.e, notice issued u/s. 13(2) of SARFAESI Act for recovery purpose?

DEAR EXPERTS,
I WANT TO KNOW THAT WHAT IS THE CHECKLIST FOR FORMS A1,A2 (FOR IMPORT AND OTHER THAN IMPORT) WHICH HAS TO BE CHECKED OUT BY A PERSON AS AN AUDITOR...
AS..
1. SUPPORTING
2. RECEIPTS
3. INCOME TAX COMPILENCES
4. DECLARATIONS
5. ANY OTHER LAW COMPLIANCE.

I AM WAITING FOR YOUR REPLY........

We are availing packing credit against export orders, I want to understand how to pass entries in case as under: Our banker gives us PCFC credit on Export Orders and adjust the amount against our cash credit limits, on receipt of payment the PCFC credit is squarred up. Now my question is what our accounting is in INR what rate on PCFC credit availing and what rate i should take on receipt of payment, another issue is what would be the differencial amount be treated whether to be treaed in Exchange loss/ gain visa a versa. Pls advise

CAN ANYONE GIVE ME DETAILS OF COPY OF C-11 FOR ESIC WHAT IS EXCATLY IT IS USED FOR ESIC SUB CODE BUT HOW ? MEANS A C-11 HAS A ORGANISATION MAIN ESIC REGISTRATION CODE ?

How to do audit Provident fund trust

Dear Friends / Experts,

I have doubts on the following :


Query 1

When I receive advance (on 22.01.11) Rs. 10000/- from client, I make entry in the following manner :


Date of entry : 22.01.11

Bank A/c Dr. 10000
To Client A/c Cr. 10000
Reference : Advance 01)

Query 2

When I raise Bill No.11 (on 24.01.11 for the said Client) for Rs. 10000/-, entry may be in the following manner :

Date of entry : 24.01.11

Client A/c Dr. 10000
(Reference : Advance 01)
To Professional Fees A/c Cr. 10000

Query 2 Contd.

How do I proceed for giving the details under 'Bill-wise details for : Client'


Bill-wise details for : Client

Type of ref :
Advance / Agst Ref / New Ref / On Account


Name
Due date
Service Tax Ledger
Amount

If I select Agnst Ref 01 and enter the amount 10000, the details will be as follows :

Agst Ref 01 Amount 10000 Cr
New Ref 11 Amount 10000 Dr

New Ref 11 Amount 10000 Dr

Total Amount 10000 Dr

I am unable to understand this.

Please explain, if possible.

Thanks.
DK.

Dear Sir/Madam,

In textile industry when the cotton is used to produce the yarn, some waste from the cotton (such as cotton seeds, small pieces of cotton etc) is througn out of the machinery, which we call it as cotton waste.

Do we need to collect the TCS on sale of such waste.OR we need to collect the form no. 27C

The small peices of cotton througn out of the machine can be directly used by other manufacturere as his raw material.

Thanks in advance

Can anyone provide me with a format of CA certificate for end use of the working capital loan obtained?
Thanks in advance.
Please its urgent.

Dear Experts,

I want to ask You a critical question that

If a group(i.e. TATA Birla group) of companies(i.e. TATA Motors, TATA Steel etc.) want to register itself as a group then what the procedure of its registration?

There is any need to register all companies as per Companies Act 1956 before its a member of Such group?

Is any Company Group register itself as unique registration for all companies (w/o Regd. under Companies Act)

If is it Possible the refer me any case and section of Companies Act.

Please Reply me Immediately

i want to form a CA partnership firm in madhya pradesh. how much stamp duty required to be paid for execution of partnership deed.