My son received Rs5 lakh in ordinary resident savings bank account from foreign from well wisher for cancer treatment.
He may get such help from foreign as fund raising is essential.
I would like to know whether any compliance, reporting, permission is required from RBI/ Central Govt. to receive funds in large scale.
Should he open special account with Bank.
Any Income Tax, Gift Tax obligatio?

Hello Friends,
I want to do practice in CA.i have cleared CA in may 2019.Can someone tell me what is scope of DIRM course offered by ICAI.Whether it is beneficial for CA in practice.?

How foreign payments are made in india under transfer pricing from tax point of view

Sir, Is there any process to solve my below noted problem in Tally ERP 9 :
That, sales and purchases invoices will be entered by my staff and datas of the same will be given to me each month.
And bank and other transactions (Receipts/Payments/Journal) will be entered by me each month.

Is there any method by which I can copy and paste sales/purchases datas entered by my staff in my tally data each month ?

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Dear Sir,

Suppose we get an electricity bill dated 8th April 2021 of our office for the period 07/03/2021 to 06/04/21. How should we pass this entry into our books of accounts ? Whether it should be divided into expenses payable / prior period expense or should we enter as current year expenses.

Look forward for your advice.

With best regards,

Vijay

Can anyone take multiple profession tax registration number for different businesses in same premises even if owner holds single PAN

Dear Sir

I want to purchase a CAR for my business name tours and travels but at present, we do not ensure for using the same car in rental s services.
May be possible i am using this car after 2-3 year using rental services.

so if today I purchase the above car in the name of my tour and travels business then RTO doing
the registration according to the commercial vehicle of a private vehicle?

1.Important factors that are requested to be considered while prepared estimated and provisional and projected profit and loss, balance sheet (like gross profit and net profit precentages)and other factors can be taken of while prepared estimated and provisional and projected and
2.how to calculate procedure drawing power
3.drawing power and sanctioned limit difference

Please provide object clause for a partnership firm which is carrying Land survey works and other civil works related to it.