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Anonymous
17 January 2014 at 13:52

Fema

I am calculating share value by DCF method for a company having FDI. While calculating am I suppose to include incomes of my 100% subsidary.
Thanking you



Anonymous
16 January 2014 at 23:25

Demanding of purpose letter from bank

ii) The banks are required to keep a close watch of cash withdrawals and deposits for Rs.10 lakhs and above in deposit, cash credit or overdraft accounts and keep record of details of these large cash transactions in a separate register. (Circular DBOD.BP.BC.57/21.01.001/95 dated May 4,1995).

(iii) Branches of banks are required to report all cash deposits and withdrawals of Rs.10 lakhs and above as well as transactions of suspicious nature with full details in fortnightly statements to their controlling offices. Besides, controlling offices are also required to apprise their Head offices regarding transactions of suspicious nature. (Circular DBOD.BP.BC.101 /21.01.001/95 dated September 20, 1995). Early computerization of branch reporting will facilitate prompt generation of such reports.

sir,
considering above r.b.i.circular,i need guidelines.
i have saving's account with a multi state schedule co.op.bank since 25 years.
in last week i went to bank to cash deposit of rs.3,00,000(three lacs) in my saving's account.my banker's forced me to submit purpose letter in which i have to state that to whom i issued cheque & for which purpose i give cheque to that party( i.e.for loan,business transaction).
secondly my banker's forced me that i have to giving in writingto my banker's that i have that type of business/profession in which often cash transaction taken place.so in other words i have to state my cash flow.
sir,question is that as per r.b.i.circular i have no need to submit purpose letter as i am cash deposing rs.3,00,000 which is less than rs.10 lacks.
pl.give me guideline for my banker's attitude.may i have any right to oppose my banker's demand?
thank you.

vipul shah


GOVIND PODDAR
16 January 2014 at 17:53

Rbi

CAN ANYONE TELL, WHY RS 1 NOTE IS ISSUED BY GOVERNMENT OF INDIA AND NOT BY RBI....?



Anonymous
16 January 2014 at 11:04

Cost audit applicability

Dear all.
I have a query that- what is the present (latest) criteria of appointment of Cost auditor to the pvt company. please any tell me as soon as possible. its very urgent ...........



Anonymous
16 January 2014 at 00:50

How to clear both ipcc and cs executive

i am pursuing ipcc and executive at same time so is it possible to give both exam and get clear in both if yes then how shall i study...


CA Punit Bajaj
15 January 2014 at 23:14

School formation

One of my clients wants o open a school..I would like to know what are the legal formalities and process for formation of a school in west bengal


Chandrashekar
15 January 2014 at 21:26

Interiew

Dear All
I am going for interiew Ernst & Young Company. Please let me know whatever question they will ask. please reply me

Regards
Chandrashekar





sujeet kori
15 January 2014 at 19:55

Cpt exemption

I HAVE 54.12% IN M.COM,AND I ALSO ATTEMPTED 3 TIMES CPT EXAM BUT I FAILED, CAN I GET EXEMPTION TO DIRECT ATTEMPT IPCC EXAM, IS THEIR ANY PROVISION THEIR FOR THIS, OR CAN I REQUEST TO ICAI FOR THIS, PLEASE HELP ME WITH POSITIVE ANS SOON,

THANK YOU



Anonymous
15 January 2014 at 19:44

Other

i am student of ca-final and got fed up by results given by icai. i gave two times ca-final exams single grp each time but marks are drastically low evn below than expectation.i want to do something different now so that i can engage with other degree by not spending much money.so whch course or what way i shud adopt can any one suggests???i had a so bright past and if i were engaged with any other except ca than i thnk i were sumwhre else.


Govind Agrawal
15 January 2014 at 18:43

Query about b.g

We are a trader got a purchase order for supply of material. The buyer is agreed to give an advance of 10% of total order price & a bank Guarantee for Rs. 60 lakhs.
For which what will be the secured format of the B.G?






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