Friends Query is.
We are contractor.
When we issue invoice for our work done we issue 2 separate invoices for Labour work done and material supplied by us.
My query is whether we are covered under work contract and reverse charge is applicable on us. Or Simply we will cover under Construction service in respect of commercial or industrial building and civil structure.

Respected Sir

Good Day.

I need your opinion and guidance on one issue:

In our company we have to receive export receivables and make import payments . Can we net off payments and make balance payment to same party in foreign currency? If we net off the overseas payables with receivables, whether service tax liability will arise in such case for the transaction we are treating as exports according to export rules?

Kindly advise.

Hello All,

Pl help me out in following query.
We have one foreign bank account. nw from india we transferred $1000 to foreign bank, rate for that day was 53. we did accounting in rupees and balance sheet reflects amount of Rs. 53000 in foreign bank account. Now we spent $1000 for some expenses, rate for that day is Rs. 55. now in rupees the Foreign bank showing negative balance of Rs. 2000. Pl note that this is not on account of fluctuation. is there any mistake. what is the solution.

Pl guide..

To Experts

Is it possible to remitt foreing director u/s 195 in his foregin bank in the case when he is working as hole time director in the indian company

Please clarify - A public limited Company whose shares are not listed but the NCDs are listed with the recognised stock exchange is a listed company or an unlisted company.

Sir

can we capitalise pre operating expenses like consultant fee, loan processing charges, salary for the labour during the pre operating phase of a new project which is extension of our current business line.

Hi all.. i am a merchant exporter.. i want to know if a merchant exporter can claim the DBK in his range office or only a manufacturer can claim the DBK on behalf of the merchant exporter???

if a merchant export can claim the DBK i would like to know the process too

Company Bill 2012 says that prescribed class of companies must have a woman director. My question is what CLASS oF COMPANIES will have to follow this newly inserted clause.Whether a Private Company also fall under Class of Comapnies.

Thanks.

Hi there, i just want to know that if we are having 4 directors in a pvt ltd company and if i want to replace one of them with a new person,then what will be the procedure for that??

Hi Guys,

I looked at one of the resolved query where conclusion was to use ordinary post for sending ITR verification form.

That's not a proper solution.

Yes, we can use the Speed post too.
In speed post don't mention the "Post Bag".
I called up customer support and they provided the same instruction.


Thanks,
Sanjay