Respected all,

I am not able to understand whether I should opt.for MBA from ICFAI distance learning Tripura or I should do CS.
I am not able to understand because as I am 40yrs old & in future which will be beneficial for me.
If any of you can guide or advice me in taking correct decission then please do reply .

Letter of Credit is opened by the buyer in favor of supplier for supply of goods which ensures the payment to the suppler at the end of the period of L.C. Since the money is not received immediately, Supplier discount the L.C with bank . The supplier pays the L.C discount charges.


Queries :
1. L.C discount charges paid by the buyer to the supplier is covered in the nature of ' Interest' or ' Reimbursement'.

2. If it is covered under ' Interest' , is it subject to TDS u/s 194A.


3. If bank discount the L.C on expiry date or before expiry period and charge interest, is it subject to TDS.


thanks you

Request for help on these:
Is electrical goods exempt from entry tax in Karnataka?
If no, is entry tax payable on goods purchased for use in execution of a works contract?
What should be the VAT rate to be charged to the recipient of works contract service for supply of material purchased outside Karnataka by paying CST @ 2%

I had taken loan from bank and part of it from parents for my home. Have not paid any interest on loan from parents nor have done repayment of loan to parents. Now my interest on bank loan had reduced below 150000/-. Can I claim interest on loan from parents for tax deduction under relevant provision of income tax act

sir i am cs executive student i want to kniw in chapter ifos gift recieve from friends and relative its exempt upto 50000. sir this 50000 is exempt from particular person or aggrigate exempt in finacial year

Sir please tell me whats the journal entry if TDS paid to the deptt .

A foreign manufacturer (principal) sells goods in India to its customers (ultimate customer).

They have an agreement with an Indian company (agent) to provide marketing, commercial support, user training and after sales service to the customer on behalf of a foreign manufacturer.

The Indian Company is paid a commission in foreign exchange by the foreign manufacturer. No amount is received from the ultimate customers.

Further, the foreign manufacturer does not have any place of business in India.

Considering the Place of Provision of Service Rules 2012, will the service be outside the purview of service tax as the recipient of service (foreign manufacturer) is located outside India.

CAN I GET RENT AGREEMENT FORMAT (TABLE SPACE) BETWEEN INDIVIDUAL (LAND LORD) & NGO

sir,

i have to file service tax return
for restraurant servidces and tour operator
can you please let me know the notification no to be filled in the return for above services

i have tried 26/2012 for tour operator but this notification no does not appear in list of notification no in return. can you provide us the latest notification no or list of all notification no

also whether i have to fill 12.36% or 3.09
as service tax rates in return

please clarify

pradeep

According to AS 7 revised, Revenue of a construction Industry is to be recognized in percentage completion method. But is there any specific clause are situation where they can recognize using completed cost method?
If so how is that to be recognized in the books of accounts?