We are an export house based in Kerala. We send documents against exports directly to our buyers. When the buyers send us payment for the full amount we do not receive the full amount and an amount of US$ 30-35 is short received as the same is deducted by the intermediary banks. Our bankers say that unless the full amount is received they will not regularise the bill. Is there any RBI circular or rule that allows our bank to regularise the bill.


Regards
Sajjad

I have a proprietorship firm for clothing, I am planning to buy a car, should i buy it under my own name or should I buy it under the firm name?
If i buy it on personal name or firm name can I pay laons from any or the bank accounts (personal/current acc)?

Thanks In advance

I require reconciliation excel format for as per our ledger account statement and as per our supplier ledger statements,
send me my mail id.

Can I buy a property (residential, commercial, farm house/agricultural) in the name of one of the parents but with my (earned) money?

And later have that property transferred/inherited from the parents to me?
By way of Will?
Relinquished by other legal heir after demise of the parent?
Any other option?

Thanks you.

Sir,

Please solve my problem that in my tally the profit and loss a/c showing in debit side (Assets) in balance sheet and showing like
Profit & Loss A/c 2.50
Opening balance
Current Period (-) 1,73,834.85
Less: Transferred 1,73,837.85

Please tell me that how can i solve this mistake. and i have cross checked all the transactions with audited balance. but i could not find the actual mistake in tally. how can i accurate my profit & loss a/c in tally.

Dear sir/ma'm

We want to start a foundation in the field of education and research where we want to set up a research institute to provide a platform for technical students but we have some queries regarding it which are as follows:

1). What is better trust vs section 8 company for purpose shown above?
2). What is the funding source for section 8 company?
3). How can we draw salary for individual employees? is there sp. provision for it?
4). Is it possible to generate a profit to generate fund from manufacturing something for a purpose of charity?
5). If we already registered a section 8 company then is it required sp. license from govt body to raise a fund?

Please help us to solve a query shown above

what is the procedure for voluntary dissolution of a trust?

Hi,
Recently I was paying TDS for my property. I had to pay 62376.5 INR . While doing online payment after filling up Form 26QB I paid 62376 (Rounding off). But then I got to know that it should be rounding off to 62377 INR. Though its a matter of only 1 INR, still as its not as per the guidelines I am little worried

Do you see any major issue here ? Is there any way to clarify this unwanted mistake ?

Thanks,
Tanmoy

HI! I am starting a production house in partnership with my friend. We plan to produce movies. For this I need to sign a writer. He has asked to deduct TDS. I dont have the company PAN and TAN numbers yet. We have not yet opened the bank account as well but since I need to sign him on 13th Sept, I will be paying him through my personal account. Can I deduct the TDS without having the PAN and TAN numbers (I will definitely be apply for them in a few days) . Also can I as a individual deduct the TDS on behalf of my company? How do I go about ? Or can I pay him full now and for the next payment deduct the TDS for both the payments?

A Charitable Trust is Registered under Societies Act in delhi in 2000
It is permitted to use FCRA account also. The Trust has been regularly audited and filing IT returns and the returns as required by MHA for the FCRA account.
As it appears it has not filed the Annual returns with the Registrar of Societies .. (Annual Financial Statements)

Now the Trust wants to file the Annual Return with ROS.....Can it start filing the annual return on online......