Dear Sir
We are a garment export house and taking services from from foreign party and wish to make foreign remittance to them?

Is the TDS deduction is compulsory on such payments? if Yes At what rate TDS should be deducted ? What is a limit upto which we should not deduct TDS ? Can foreign party avail TDS credit of the same in India ?

Pls clarify on the above.

Thanks and regards
Arun

Dear sir,

We are raising AMC invoice under Repair and Maintenance in this we charge service tax on Gross Amount.

In some customer we raise invoice with amc and transportation reimbursement charges for example ;

Invoice Amount : 12500
Service Tax : 1545

Total 14045

In another case;

Invoice Amount : 12500

Travelling Exp; 2000

Service Tax : 1545

Total : 14045

in this our query whether this travelling or transportation cost to be included in service or only on gross amount

Regards
K.Kasiraman

A Ltd owns 80% shares of B Ltd and B Ltd owns 85% shares of C Ltd.
Proposed Dividends of the 3 Companies are:
A 100000
B 60000
C 40000
Parent Companies have included Proposed Dividend of their subsidiary in their Debtors.
What can be the correct treatment for the above situation in Consolidated Financial Statement of the group?
Kindly elaborate upon Analysis of Profit, Minority Intt and Consolidated R&S as well.

The detailed question is in the link below:

http://wikisend.com/download/194604/Test_Financial Reporting _30th Jan_2014.pdf

if indivisual resident is paying taxable salery to other indivisual resident and payer is subject to tax audit in current financial year but was not under tax audit in p/y. wheter he is liable to deduct tds or not?

Pls can anybody tell me



Difference between bonds, debenture and deposits

I am giving my ipcc group 1 the second time. I couldn't make up the total in my last attempt. I am really nervous and afraid this time coz I really worked hatd last time and still couldn't make up and due to this I am not able to give my 100% this tym. please guide me....I need it coz exams are near and I have not covered up much till now

Could you please tell me the treatment for :- dividend from Indian companies carrying on agricultural operations. in set off and carry forward of losses. Thanks in advance :)

Dear Expert,
If a Debtor makes a Cash deposit in my ICICI A/c..What will be the Journal Entry.?

Pls Reply !!!

Thank You.

what is the treatment of prepaid expense in fun flow statement. I have read that it is treated as fictitious asset hence it does not taken into consideration while preparing schedule of changes in working capital. but my doubt is that can we take it as current assets sometimes?

sir,

My father recently expired . He was holding certain debentures and equity share in physical form . pl let me know how to redeem them or get it transferred . I also do not know whether he has registered any nominee.

arun kumar jain