An Indian company buys software from a company is US only on getting orders from customers in India. Basically they are reselling the software in India after adding a mark up.

Now the situation is - Based on the previous year business the Indian company is entitled to a corporate credit of 5% which they can utilize in the next year. The Indian company also incurs selling expenses (participating in exhibitions for marketing the software) on behalf of the US company. So the US company issues credit note to the Indian company. My question is does this corporate credit which is given by the Company in US should be deducted from the cost of the software or should be treated as discount received from suppliers and accounted as Other Income?

can a company do cash transaction?

I HAVE A NRO ACCOUNT I WISH TO TR RS 5 LACS TO MY NRE ACCOUNT IS IT NECESSARY TO SUBMIT THE 15CB AND 15CA FORM TO OUR BANK TO EFFECT THERTGS FROM MY NRO TO MY NRE ACCOUNTS

WE UNDERSTAND THET SINCE 01-04-2016 CBDT HAS RELAXEDTHERULE.
WHAT IS THE LIMIT OF AMMOUNT WHICH CAN BE TRANSFERED FROM NRO TO NRE WITHOUT SUBMISSION OF 15CB AND 15CA FORM

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