Please let me know if any restriction on commission on sales percentage to be given for Domestic sales & Export sales.

Please let me know urgently

If it is related to Agency commission for export By RBI Rules Rate of commission does not exceed 12.5% of invoice value

Please let me know about the domestic as well as export agency commission

I have cleared CA in nov13 attempt and now looking forward for campus interviews but i have not done GMCS till now. Is it compulsory to complete GMCS before applying for campus interviews????????

In many places i've read that DEBT FINANCING HELPS IN TAX SAVINGS.

Let us take an eg.
Financing from Equity Debt
EBIT 100000 100000
Interest - 10000
______ _______
100000 90000
TAX@20% (20000) (18000)
______ _______
EAT 80000 72000

Here, due to debt financing, offcourse we are saving tax of rs. 2000, but ultimately our income(EAT) is reduced(for 8000)!

SO WHAT"S THE USE OF TAX SAVING WHEN IT IS AFFECTING OVERALL AIM OF WEALTH MAXIMIZATION?????
Please Help??

IF X WANTS TO RECEIVED A GIFT OF RS.5 LAKHS FROM THE UNCLE I.E. HUSBAND OF SISTER OF HIS FATHER. IS IT TAXABLE IN THE HANDS OF HIS OR NOT? THE CLEAR QUESTION IS THAT UNCLE (HUSBAND OF SISTER OF X'S FATHER) IS INCLUDED IN SUCH CATEGORY UNDER SECTION 56 OF THE INCOME TAX ACT 1961

PAYMENT MADE TO OFFSET PRINTERS WHO SUPPLY GOODS AS PER SPECIFICATION,IS IT SUBJECT TO T.D.S UNDER 194C. THANKS IN ADVANCE

my cs executive is gng 2 held in june 2013 and i yet not started my studies yet only 3 months are left with 7 subjects
please help me
and our portion is new
please help me

Hi, we are in a construction company due to fund problem we have borrowed money from the vendor it means that payment are done by vendor (money giver) to company vendor which is o/s for payable(actual vendor as per our books). kindly advice as this is correct & if correct kindly guide what entry to be account.

repected members can anyone plz tell me the procedure for availing subsidy from nabard for construction of warehouse......

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

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