Anonymous

Dear sir,
Last month i have made a transaction with COUNTRY VACATIONS-Hyderabad for Rs.1,62,000.00 by HDFC Credit card on EMI Basis. Though there is a limit of 1,84,000.00 on my card, the merchant has swiped the card for Rs.1,00,000.00 once and 62,000.00 second time instead of 1,62,000.00 in single swipe.

He has not given me any receipt for the above transaction (i am expecting some kind of TAX Receipt).I got only SMS stating some transaction number for Rs.62,000.00. I did not get even SMS confirmation from Country Vacations for the amount of Rs. 1,00,000.00

Merchant has taken my signatures on bank transaction slips for both swipes.

I am having a doubt, that there is some hidden secret in the transaction, which i am not able to understand.

He has asked us to sign an agreement on Rs.100/- stamp paper on which it is written as that i have purchased a holiday packhage from country vacations for 30 years for Rs.1,62,000.00.

please help me

regards,

Tejomurthy
9491187487


Dipul mehta
03 January 2013 at 12:44

Prior period property tax and interest

sir,
A Company paying property tax and interest on it for the year 2009- 2010, 10 - 11, 11-12,in A.Y. 12-13 how should we treat in a/c and tax? As per my view, property tax and interest (only of 09-10,10-11) thereon in a/c i show in prior period adjusment as per AS - 5, and of 2011-12 as normal way to charge to p&l a/c, IN TAX, i can claim deduction of full property tax under section 43B, of 2009 - 10, 2010 - 11, and for the year 2011 - 2012 normallly deduction taken. and for interest for 2009 - 10, 10-11, not allowed as deduction??? can i m right in my views if not then plz clarify it.


CA Prasad
03 January 2013 at 12:32

Interest on gratuity

Whether Interest Received on Delayed Payment of Gratuity to Retired Professor of College is Taxable or Exempt ?
(Please quote case law or Section)



Anonymous
03 January 2013 at 12:31

Accounting treatment in cash book...

Ours is Non profit Orgn.
Problem: I.Tax deducted from contractors payment but not credited.How to account for in the cash book...


venkat
03 January 2013 at 12:28

Company incorporation-form 18

SIR, PLE SOLVE MY PROBLEM.I SUBMITTED COMPANY INCORPORATION FORMS-1,18,32.I RECEIVED A MAIL ASKING TO RESUBMIT FORM 18 AND IT SAID THAT-MUNICIPAL NUMBER IS NOT FURNISHED IN FORM 18.

WHAT IS MUNICIPAL NUMBER AND WHERE IT IS TO BE FURNISHED IN FORM 18.PLS ANSWER THE QUERY AS SOON AS POSSIBLE....


THANKING YOU,
VENKAT-CA FINAL



Anonymous
03 January 2013 at 12:07

Tds rate

We have entered into an agreement for guarding services. The Current TDS that we deduct is 10% under sec 194J calling it manpower services as the position is of guard (he is receptionist).. But according to me the TDS Rate should be 2% under Sec 194C. Please tell me what should be the correct TDS RATE and the reason also..



Anonymous
03 January 2013 at 11:57

Industrial training

Dear Experts,
I successfully completed 1 year 8 months of my article ship training. I am planning to go for industrial training. In the same way I am also in confuse, why because it effect my final coaching and my exams also. please clear my mind with these doubts and explain advantages and dis-advantages in industrial training.



Anonymous
03 January 2013 at 11:56

Taxable service

bpo is taxable under which specified services?



Anonymous

Hi,

We give meal vouchers of 2200 per month and 3300 per month assuming 22 working days and this is a part of CTC.

Now, If an employee is having 2 LOP days then how much meal vouchers he should get?

As this is a like other CTC components so HRIS calculate it as per 365 days model.

Ideally how much we should pay him?
what is the maximum amount per month we can pay employees?

Regards,
Deepika



Anonymous
03 January 2013 at 11:37

Bill of entry is lost

hi
We lost Bill of Entry duplicate & triplicate copy. As the transaction involve payment of GBP 1,86,000
It’s mandatory that the exchange control copy is to be submitted for payment over and above 1 lakh USD.

However, in exceptional cases like this one, following certificate may be submitted in lieu of BOE.

(i) A certificate from the Chief Executive Officer (CEO) or auditor of the company that the goods for which remittance was made have actually been imported into India provided :-

(a) the amount of foreign exchange remitted is less than USD 1,000,000 or its equivalent,
(b) the importer is a company listed on a stock exchange in India and whose net worth is not less than Rs.100 crore as on the date of its last audited balance sheet,

or, the importer is a public sector company or an undertaking of the Government of India or its departments.


Pls advice us how to close the issue






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