what will be entry of interest received on reinvested fixed deposit
Whether professional tax is direct tax or indirect tax?
If it is indirect tax, whether the Professional tax registration number is required be shown in 3CD report?
Dear all
plz explain me the means of merchandiser and it's key responsibility
plz reply soon
Please suggest me the books to be referred to understand the concepts of strategic financial management from root level.
I have a book of indirect taxes applicable for May 15. for Nov 15 attempt if I don't want to purchase a new book then what options are available ?
Hi experts
I like to know all formalities and procedure for sending money from India to united kingdom (England)
Facts: A father is sending money from India to his daughter for the purpose of purchasing of house in abroad.Daughter is a non resident Indian.
I like to know maximum amount can be sent, any tax applicable, forms to be submitted.
Thank You
IF A DIRECTOR OUT OF 2 OF AN INDIAN COMPANY , GOES OUT OF INDIA FOR HIGHER STUDY FOR NEXT 3 YEARS, THEN WHAT ARE THE LEGAL FORMALITIES NEEDED TO BE DONE SO THAT THE WORKING OF THE COMPANY MAY NOT BE AFFECTED AS PER THE COMPANIES ACT, AND INCOME TAX ACT.
Dear Experts, I'VE Taken Direct Entry Into IPCC And Doing Articleship In Proprietorship Firm. The Work Which I'Ve Learned Till Date Is Filing ITR And Making P&L A/C And BS Of Individual Proprietors Who Are Having Shop Or Small Business. Most Of Them Are Farzi BS On Which They Can Take Loan. Learned Preparing Income & Expenditure A/c And BS Of Society, Their Annual Report, CA Report Of Pvt. Ltd Company, Tax Audit And Service Tax. Till Date No Statutory Audit, Concurrent Audit (Becoz It's Not A Partnership Firm). My Seniors Also Don't KNOW More Than This. They Are Here Becoz They Get Enough Time To Study As There Is Less Work To Do. I Want To Know Whether I Should Take Transfer Or Stay In Office As I'll Get Enough Time To Study. I'm Only 4 Months Old Article Here In Lucknow. Plz Advise Me To Choose The Right Path.
I read the following regarding the process involved in issuing an LC
> Sales contract entered into by buyer(importer) and seller (exporter)
> Importer applies to open LC in favour of the exporter
> Issuing bank issues LC which reaches the beneficiary's bank
> Beneficiary's bank advises the letter of credit to the beneficiary
> If letter of credit conditions seem reasonable to the beneficiary then beneficiary starts producing the goods in order to make the shipment
> The beneficiary ships the order according to the terms and conditions stated in the credit.
> When the goods are loaded, the exporter collects the documents, which are requested by the credit and forwards them to his bank.
> Beneficiary's bank sends these documents to the issuing bank. The issuing bank checks the documents according to the terms and conditions of the credit.
> If the documents are found complying after the examination the issuing bank honors the payment claim.
> The documents transmit to the applicant. The applicant uses these documents to clear the goods from the customs.
Now my question is whether the beneficiary's bank can take the shipping documents from the beneficiary without making his payment?
will the exporter wait for receiving his payment for the time involved in remitting the documents from his bank to the issuing bank, the time taken by issuing bank in verifying the documents, collecting payment from importer, remitting the payment to beneficiary's bank and finally to the beneficiary? or beneficiary's bank will make payment to the beneficiary on receipt of shipping documents and later recover the same from the issuing bank?
Also how will the above process in case of usance LC of say 90 days?
Please reply at the earliest.
Thanking You.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Fixed deposit