We are purchasing one machine. We will open deffered LC for the same. Machine will come in single shipment. However partial shipment is allowed so that if any part remin can be shipeed later.
Now can we put clause in LC that we will pay 10% after 30 days of bill of lading. Balance 90% will be paid in 3 equal instalment at yearly intervals. Is such instalment clause is possible in LC. Any RBI approval required?

Reverse charge mechanism of Service tax on Security Exp - is there any cut off amount say upto 75k it's not applicable or nothing lik that? also Tds need to be deducted on gross or gross + 25% of ST?

While doing Articleship i filled 102,103,112 form in 112 form i mentioned CS and in 103 mentioned B.com awaiting form IGNOU.
so can i do because IGNOU is affilated form ICAI.

While calculating depreciation on fixed assets, is VAT taken into consideration?

During the articalship is take transfer from one firm to another now my articalship is completed on 5-3-2013 ,which form should file to icai..??

Hi, Please provide me the NIC Code List as i am filling FCTRS form. So in Part A it does asks for the same.

Regards,
CS Varad Agrawal

I'm working in tpa. there have passed the claims of hospital. i have passed one claim whose date was nov'2011. they have already send me a tds exemp. certificate in f.y-2011-12 & 12-13. so i would to know we are applying expem. rate or not. because in my office fellows said its previous year and we cannt apply previous exemp. cet. But now, this Hospital is demanding to refund his tds amt. Please tell me which rate should have applied cert. rate or normal tds rate ? you give me a reply as earlier.....

Sir tell me how to apply for pan

please I will like to get an excel fixed asset template. thanks for your assistance

i joined icwa in aug 2010 now i want to complete mine inter so plz help can we manage m.com and icwa together plz plz help