Dear Experts, most of my query is not solved from last 2 months.

Dear Expert,

We have been sanctioned a term loan and in the sanctioned letter some Indian vendors for machinery were identified for direct payout. Now we wish to change the vendor and import the machines.

Can we do that sir? Will banks allow? amount will be in the term loan limits only.

The new provisions of calculation of depreciation came into effect for preparing final accounts of 14-15
My question is if any company has not followed the new rules of depreciation and calculated depreciation as was done as per Companies Act, 1956 what remedial measures can be taken in 15-16 ?

Please tell me what is last date of filing of balancesheet of Properitorship firm.

advantages of CA AND CFA

sir, I have a query with regards to govt policy. can't govt make the happening of transactions online so that all the incomes and expenditures r recorded automatically. y is the system of paper note still prevailing. if not everyone, at least the govt shd impose only and exclusively online transactions fr politicians, public servants like ministers, bureaucrats, MP's, MLA's, MLC' s. so that at least the higher level corruption gets reduced and India can earn a lot out of it. y is it practically impossible. if not today then when??

If we run marketing campaign on any international social website (like LinkedIn..) that do not have Indian PAN identity then in that case what would be the rate of TDS and under which section has to be submitted.

Dear Friends,

I want to clear a doubt on TCS on sale of cars.

Purchase of new car has 4 billing components.
1. Vehicle Billing.
2. Vehicle Insurance.
3. Vehicle Registration.
4. Vehicle Accessories & Extended warranty.

If Billing price of car is say 4,00,000.00 and other components including Insurance, Registration, Accessories warranty is Rs 80,000.00

I am paying Rs 1,99,000.00 in cash and balance by cheque against car.
For all for other components I am paying Rs 80,000.00 in cash.

Now ny query is -
1. Am I liable to pay TCS ??
2. If Yes on What amount ??

Plz update me.

Thanks

RESPECTED SIR,
ONE OF MY FRIEND WANT TO START TO A BUSINESS IN WHICH HE WILL POOL MONEY FROM VARIOUS PEOPLE AND RELATIVES AND INVEST IT IN REAL ESTATE OR THE LIKE AND DISTRIBUTE THE PROFITS ACCORDINGLY.
MY QUERIES ARE AS FOLLOWS:
1. WHAT IS THE PROCEDURE TO START IT.
2. WHAT ARE THE RULES & REGULATIONS TO FOLLOW
3. IS IT NECESSARY TO INCORPORATE THIS TYPE OF BUSINESS AS A COMPANY ONLY? BY JUST ENTERING INTO A PARTNERSHIP AGREEMENT ONLY ONE CANT DO IT? AND IF YES THEN WHICH WILL BE BEST PARTNERSHIP FIRM OR A COMPANY.

PLEASE GUIDE ME AND THANKS IN ADVANCE.

what is the difference between letter of credit and letter of comfort? pls explain..