What is the procedure for merchant trading

Dear Friends,

Is there any reporting requirement under FEMA rules or RBI for Outward remittances for purchase of goods by a company.

The remittances will be done every monthas per RBI procedure(Form A1)only.

But my question is whether any return filing.. whether monthly or annually exists??

Kindly help me out.. Thanks

Dear Expert,
TDS on COntract is @ 2% for other entity. but some entities charge 1% why is that so.

hi can any one provide me the project report of shoe industry for acquiring tender in shoe export i need some help to prepare plz reply on my mail id i.e charteredkg@gmail.com

Dear All,

Last month i lost duly signed one blank cheque. i have submitted stop payment letter in bank for that particular cheque. now i want to know of validity of stop payment letter. do i need to submit stop payment letter after few months again ?

Please guide..

Thanks,
Hiren

I completed my Article ship on 12-03-2011. I filled Foam108 and send before 30-04-2011. I received a letter of Mistake and I clarified that mistake and send again on August. But I didn't received the Article ship completion certificate so far. What I will do?

Hello sir,

I have one query relating to issue of shares to NRI. The query is as below,

Facts of the case:

My client, a newly corporated private limited company has received remittance from one NRI for investment of shares of the Company.

The said NRI has paid money from his NRE account with Axis Bank in INR currency and the Company's banker is State Bank of India who has received the fund.
Now as per the requirement of the RBI & FEMA, The company shall inform to Regional office of RBI through Ad 1 category bank about receipt of remittance from NRI within 30 days from the receipt of the fund with FIRC which is provided by the Bank who receives the fund.

Now issue is the banker of the Company, SBI, the banker of the Company is denied to issue FIRC as it has received fund in indian currency only, not in foreign currency. Due to this problem, I cant intimate RBI as a copy of FIRC is required to be attached with form to intimate to RBI as one of the requirement.

So pls reply what should further i do to intimate RBI?

Will i get FIRC from the banker of remitter of the fund as first, it has received fund from NRI and then made a payment to the Company??

Pls reply on my query asap..
For more details, you can mail me - fcaakshayshah @ gmail.com

I would appriciate your prompt reply.

Is there any ready made accounting software for a medium sized (Turnover 1500 Cr) construction company having decentralised accounting sysytem with 15-20 projects all over the country ?

Please suggest.

HI,

Can a student start his articleship before passing IPCC ,if he/she is a graduate and done with CPT too?

Dear Sir/Madam,
I had taken up the reg. of IPCC May 2011, for some reason I could not give much attention towards my studies and now I'm thinking of giving Ipcc in Nov 2012 . So I want to know whether the syllabus is the same or there are some difference ?? If yes which books should I buy from the institute??? and please reply to me soon because I want to start my studies with a great plan and that to with all the available latest amendments.
Your's Sincerely,
Bhisham