I am likely to be appointed a consulting advisor by a foreign resident (not an NRI or PIO) for his ongoing and proposed business activities. Accordingly, I am expecting to be paid a monthly compensation/honorarium by inward remittance through banking channel. In this regard, I wish to know:

1. How many times such remittances can be sent to India as per RBI rules?

2. What could be the maximum amount of individual remittances?

3. Is their a restriction on the total amount of remittance in a year?

4. Are such remittances automatic or approval of RBI is required?

5. If RBI approval is required, what kinds of documents are to be submitted?

6. Taxation of such remittances?

7. Any other relevant information which I need to know?

Case:1-I have made excess payment of Tax collection at source(TCS)for F.Y.2010-11.Will it be adjusted against in next FY or refunded? And if it has been adjusted then against which party?Pl Explain.
What about TDS in same situation.

Please guide me whether the CA Final exams can be given after 2.5 years of articleship registration with the ICAI or the commencement of articleship?I meant when the count of 2.5 years will be started from the date of commencement of articleship or the registration of articleship?


Like for say, I had passed my IPCC(both groups) on 7 august 2012 and started the articleship from 26 september 2012(also I had submitted the form 102 and 112 on 26 september,but there was a letter from the institute on 2nd november as the ITT and OT certificate also needs to be submitted along with the forms and thus I was not registered before the said 31 october so as to be eligible to give my attempt in May 2015)and now upon submission of these certificates on november 3rd,I was registered with the ICAI on this date.Noew my query is whether I will be eligible to appear in May 2015 attempt or not.
Thanks a lot in advance.

We haven availed a foreign currency loan in USD, maturing at the end of 6th month.

How to protect the exchange rate difference, by hedging?

What is to be done? buy or sell the futures?

pl. explain by illustration. I am new to this.

What exactly happens in forward booking the transaction? i.e. at the time of availing and paying back the loan what is the importance of the spot and future price of USD v/s. INR pl. explain.

What is cost / loss that may have to be incurred? can profit may be enjoyed?

Dear Expert Sir,

My name is Anuj Prajapati. My articleship is effective from 12-09-2011 and i want to kn ow that now currently, can i take transfer from my existing CA in local ????

CAN ANY ONE SUGGEST FOR CS PROFESSIONAL BOOKS OR NOTES IN HINDI. WHICH AUTHOR BOOKS SHOULD I PREFER FOR ALL SUBJECTS OF CS PROFESSIONAL. THANKS IN ADVANCE

Dear experts,

Am running a business with a proprietorship license for the last 1 year 2 months. In the CST certificate (ie., in the FORM B - Certficate of Registration) the classes of goods was mentioned as "Textiles, Home decors" - RESALE.

I also have IEC number for this.

Now i wanna deal only with food items (especially snacks). So my questions are:-
*Whether i ve to change the categories in the CST certificate (ie.,Form B - Certficate of Registration).. or it is not a problem?
*And whether i ve to change my IEC number ?
*Whether i ve to change my business name? (by current business name is XYZ Enterprise).. ie., whether i have to include the name FOODS in my business name? ie., whether i ve to change it like XYZ FOODS or something?
*Now am going to distribute the snacks in India & also wanna export it to various countries.. so pls guide me what else i have to do...

Pls sir(s).. help this newbie.
Thanks in advance..

Hi

I want to know the FDI in Education and Sports, what the percentage and the route to be followed for FDI.

Hi all

I am working in a audit firm. Our firm consists of three partners. Two of our partner are out of country so could not sign the balance sheet. Now can that single auditor can sign the compulsory audit cases exceeding 45 on behalf of other partners.

My auditor signed in audit firm name instead his original sign.

Please Clarify as soon as possible.

Thanks

Dear Sir,

now company is convert in LLP.

So we have apply new IE Certification but we are receiving one query i.e. Revised ANF 2A as per p.notice no. 16 dt: 20.06.12 not submitted and we have submitted new revised ANF2A form although receiving that query.

Please send Revised ANF 2A form.

Thank And Regards,
Zalak