dear sir , i am working in automobile show room . there is transit period of 7 to 10 days for delivering the goods from gurgaon to hyderabad with invoices . which should i take invoice date or receiving date for posting the purchase bill as per accounting standard.

Hello,
A Company Incorporated in India is paying professional fees to a Non Resident, for the services Rendered in US. Is this payment subject to TDS in India? If so, What is the rate and the provisions affecting the same.

And is the Indian Company required to file Return in US? as its source of Income is from US.

I have read that the Return needs to be filed in Form 1120-F, US Income Tax Return for Foreign Corporation. Is this true?

Dear All,
ABC Pvt Ltd wants to purchase capital goods from SEZ unit in India. SEZ UNIT MADE SALE INVOICE IN USD AND REQUEST TO TRANSFER THE MONEY IN USA. Now my question is that sez unit is located in India and goods also supply in India then why sez unit is requested to make payment in foreign currency? Pl clarify that it is possible?

R/Sir,

We are manufacturer of PAPER BAGS & not Registered in Excise. Our annual turnover of PAPER BAGS is less 130 Lacs. But now we have some order for sale of Paper Reels, which is our Raw Material. We also want to do TRADING of Paper from our firm WITHOUT ANY CHANGE IN PAPER.

We want to Know that our sale of Trading of Paper will be also including in exemption limit of 150 Lacs OR NOT.

IF WE CAN DO TRADING, PLEASE TELL US THAT THE SEPARATE BILL BOOK WILL BE NEEDED OR NOT.

Please reply.

Thanks in Advacnce.

It has been stated in Chapter XII of the Companies Act 2013 that for the purposes of sub-section (1) of section 184, every director shall disclose his concern or interest in any company or companies or bodies corporate (including "shareholding interest"), firms or other association of individuals, by giving a notice in writing in Form No. 12.1.

Has Form No.12.1 notified? If so, plz share a format of the same.

Hii..I have already submitted hard copy of my CA final exam for May14 form without office seal of CA ( i.e. only signature, name and M.No.). is there any problem with that, as this time it is clearly mentioned in PDF that signature must be accompained with office seal. please suggest what should I do now?

What are the benefits for incorporating an Private limited company instead of Proprietorship and Partnership firms?


Please reply urgent....

One of our client who is a private limited company wants to raise funds through unsecured debentures/ deposit from public.

What are the rule regulation for the same.?
Can Unsecured Non Convertible Debentures be issued?

hiiii sir,
Please tell me if i don't know a client date of birth so how we are find....dob birth for required for income tax registration....

Dear all,

I have one partnership firm formed with effect from 01.04.2011 and has been allotted PAN by IT department, but i have not filed any return of my firm till now as there was no income in it.

Now all the partners want to regulrise the same.

What is the suitable course of action to be followed.

Please give your valuable suggestions.