Dear Sir,
Our Firm is in Manufacturing industries and also Do Export Overseas.
As per Export Rules, we have to submit Documents to Bank after Export within 21 days.
One of Our Export customer has return full value of goods citing inferior quality.
Now my querry is, we had 5 Export Transaction with that Customer amounting to 6000 usd of which they had paid us for 4 Invoice amount. Now when we submit documents at Bank then Bank does not Considered Credit Note of rejected materials stating that it exceeds 10% of amount realised.
Does bank reject the Credit note if it Exceeds 10% of Invoice Value.
Plz Provide some valid reasons in case of Rejection of Export Material and Credit Note that need to be submitted to Bank for Closing Export Transaction.

Respected Sir,
We have incorporated co on 20-12-2020 on that day we have allotted PF and ESIC ,but we have not been start our business till date and no any employee appointed.Query that we want Deactivated PF and ESIC Number What is process for the same or otherwise if require to file return so please tell me period for filling return and charges for late return filling fees. I requested you please provide solution regarding the same.

My form 103 has been approved by my principal but my registration is not complete because I have not yet submitted form 112:
I now want to correct some personal details in form 102
I also want to delete the information of the existing firm and start in a new firm without a transfer.

How can I make the corrections, and how can I delete all the forms (even though they are approved by my principal) and make a fresh applicaiton

While under taking renovation of society the committee has suggested contribution from each flat to be collected based on Super / built up area. Is this the right approach when all other contribution like sinking fund, building repairs , property taxes of BMC etc. are done on carpet area which is mentioned in the agreement. Your views on opinion on this.

We are a cooperative housing society and sinking fund is collected on a monthly based on the flat area. The society has decided to undertake repair works. The funds will be generated as below: -
Repair funds = Sinking fund +building Repair funds+ additional collection from members based on flat area.
Now a 2 BHK flat owner has more flat areas so their contribution to sinking fund is the more as compared to 1BHK & 1RK. The society is planning to utilize sinking + building repair fund as common funds, in such case it acts as a subsidy for 1 BHK and lower area flat owners as they have already contributed less to these fund as their flat area is smaller and 2 BHK owner losses the most. Note If the society is doing additional collection for repair fund based on the individual flat area, then why cannot sinking + building repair fund which is already collected based on flat area be divided based on the individual flat contribution so that it will be a win-win for all. opinion and view on this.

An unlisted public company has merged with other compnay due to which its capital has exceeded above 10 cr and it has auditor firm appointed since 10 years and now there tenure is going to end in 2022 . Can the rotation of auditor provisions apply from the current year 2021-22 or the roation of auditor is required after the expiry of his current tenure and can the same Auditor can be appointed after end of its tenure of 2022.

I want to do industrial training for the last one year of my articleship. But haven't completed my second group of intermediate. I have now planned to terminate my articleship after 2 years and complete my group 2 of intermediate. What are the documents and proofs required to obtain ICAI consent for termination of articleship. Can I obtain the consent of ICAI for termination before completing group 2 of articleship

The provisions of the Liberalised Remittance Scheme (LRS) mention that "Resident Individual needs to designate a single branch of an AD through which all the remittances under LRS will be undertaken. NOC is required if remittances are from different banks.".
Does that mean that one can transfer funds to other country for his/her children's education purpose/fees only through one particular bank and cannot do so through any other bank/service even if the other alternative is found to be better or more convenient at a later stage?
OR one can transfer funds from any of his/her various bank accounts as long has the individual is maintaining the LRS limit ?

Can a CA firm do joint venture with PGDCA holder ( PROFESSIONAL IN COMPUTER APPLICATION )

can PGDCA holder is a professional ???

our establishment is having more than 10 employees and out of ten employees , only five is having a salary below 21000/- rupees . i want to know the only criteria to register under esi act is to see only the no of employees ( means 10 or more ) or i have to full fill both the condition( means 10 employees should have below salary 21000 rupees) .