My son received Rs5 lakh in ordinary resident savings bank account from foreign from well wisher for cancer treatment.
He may get such help from foreign as fund raising is essential.
I would like to know whether any compliance, reporting, permission is required from RBI/ Central Govt. to receive funds in large scale.
Should he open special account with Bank.
Any Income Tax, Gift Tax obligatio?

Hello Friends,
I want to do practice in CA.i have cleared CA in may 2019.Can someone tell me what is scope of DIRM course offered by ICAI.Whether it is beneficial for CA in practice.?

How foreign payments are made in india under transfer pricing from tax point of view

Sir, Is there any process to solve my below noted problem in Tally ERP 9 :
That, sales and purchases invoices will be entered by my staff and datas of the same will be given to me each month.
And bank and other transactions (Receipts/Payments/Journal) will be entered by me each month.

Is there any method by which I can copy and paste sales/purchases datas entered by my staff in my tally data each month ?

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Can anyone take multiple profession tax registration number for different businesses in same premises even if owner holds single PAN

1.Important factors that are requested to be considered while prepared estimated and provisional and projected profit and loss, balance sheet (like gross profit and net profit precentages)and other factors can be taken of while prepared estimated and provisional and projected and
2.how to calculate procedure drawing power
3.drawing power and sanctioned limit difference

Please provide object clause for a partnership firm which is carrying Land survey works and other civil works related to it.

We imported used machines and due to quality issue all machines were not in operational condition. payment could not do 3 years. after mutual understanding come on a conclusion that we are not paying the import dues. For settling the same the supplier has given us a confirmation on mail with credit notes, to write off the dues. Please advice what is the procedure for write off the import dues from the RBI and what is rule of RBI if not pay dues amount ?

I am Practicing as Company secretary since 2017 from my self name. I want to register my firm(Proprietorship) that is why i want to know about Proprietorship Firm Name Approval from Council, Form/s to be filled and procedure to sent to Institute(online or offline).