The following is the query:-
There is a loan transaction between two NRIs in SGD (Singapore $) but the repayment is made and accepted in INR in their respective bank accounts in India. The Loan transaction never appeared in the books of accounts in India but since the repayment is in INR how to reflect the same in the books of accounts of the lender? Request the experts to give your opinion on the above matter.

Film productions will attract Karnataka VAT(Add films, tele films etc)

dear sir,
i am maintaining the accounts of chocolates & flower company here we decorate the item according to customer requirement (Our expenses are tape,wire,gum Etc..)to prepare & the decorate this expenses are done.this expenses are direct expenses or indirect expenses other wise it this added as item.same like in manufacturing company

thank u for Your reply

Hello :)
I'm in my final year of BCOM and I've cleared CPT exams, currently studying for IPCC May 2014.
My concern now is that, I have decided that I will not be doing my Final CA, but instead I want to take up ACCA.
Is that a good decision??? And if yes, should I still complete CA inter?
Would it hold additional value in terms of career prospects!

Please guide me on this!! All your opinions and suggestions will be appreciated .

THANK YOU

one of my client did works contract to a reputed company for Rs.15 lakhs.He did not charge any service tax in his bills claimed.and co also not paid any service tax to him (financial year is 2010-11)

1.let me know whether is liable to pay service tax on the above work?

2.if so ,can he pay under VCES?

Dear professionals,

A person can claim home loan interest and principal amount deduction in his ITR, however property is register in the name of his spouse.

spouse is co applicant in home loan.

kindly reply.......

Nirmal Kumar

I HAD INVESTED IN RELIANCE LIFE INSURANCE FOR A PERIOD OF 3 YEARS FOR RS.585000/- AND NOW I HAD CANCELLED THE POLICY. I RECEIVED A SUM OF RS.700000/-. I RECEIVED RS.115000/- EXCESS. WHAT IS THE TAX IMPACT ON THIS INCOME.


PLEASE SPECIFY.


THANKING YOU SIR

What is treasury stock?

I am in urgent need of INDUSTRIAL TRAINING. I am from KOLKATA and deadly want to do INDUSTRIAL TRAINING.
So, it is my humble request to all the CCI members if they could help me in getting Industrial Training or show me the way, how to get it.

Whether penalty levied for late filing of TDS

returns is appealable if yes to whom