Dear Experts,
For applying DIN for NRI,
1)Which document to be submitted for proof of permanent address and present address?Indian address or foreign address?
2)Who has to certify this? whether foreign authority or indian authority?
3)What is home country mentioned in din general instructions? Certificatin from home country authority is applicable only for foreign national or for NRI also?

Can I make payment against purchase of stock in CASH over 20,000/- in a day ?

what option are there in the taxation field after LL.B. professional

My self assessment Income Tax liability was 4880/-, which i paid on 30/07/2009 but ITR is not filled till now. Is there any Tax OR Interest arising ?

I would like to know, If company makes profit, what is maximum remuneration payable to managerial person. i.e (M.D., W.T.D, manager)as per act.

Further, if company makes profit, is it mandatory for company to comply the limits set in part II of shedule xiii for fixing managerial remuneration without approval of Central Govt.
or
Company needs to comply the limits set in part II of shedule XIII for fixing managerial remuneration without approval of central Govt, only if it has less profit or loss.

Awaiting for reply

regards
jayesh n t

I would like to know whether sales should be booked gross (net sales + excise duty) or it should be booked net and excise duty should be accounted separately.

Further i would like to know whether excise duty paid on finished goods is booked as manufacturing expenses or adjusted against payable.

I would appreciate if somebody reply with proper jv to illustrate properly regarding 1) sales entry 2) payment of excise duty entry.

Awaiting for reply.

Thanks

Jayesh N. T

WHEN WE SELL OUR PROPERTY THAT IS PETROL PUMP THEN SHOULD WE TAKE SELLING AMOUNT IN WHITE MONEY OR BLACK MONEY?
MAY I KNOW THE PERCENTAGE HOW MUCH SHOULD WE TAKE BLACK AMOUNT AND HOW MUCH WHITE?
AMOUNT OS SELLING IS 54 LACS

I Wanted to know why we do such entry in this situation
entry is:
Creditor a/c dr
Debtor a/c cr
SITUATION::
OUR FIRM NAME IS "ABC IRRIGATION" AND "XYZ IRRIGATION" IS THE FIRM FROM WHOM WE PURCHASE. NOW XYZ HAS PROVIDED A CHEQUE RECEIPT WITH NAME OF PERSON FROM WHOM PAYMENT IS RECEIVED.THEN Y WE DO THE ABOVE ENTRY IN OUR BOOKS WHEN WE HAVE NO RELATION BUT THE LEDGER OF OUR A/C IN XYZ BOOKS SHOWS CR BALANCE OF THAT AMOUNT???
I M TOTALLY CONFUSED ?
CAN ANYONE EXPLAIN ME THIS SITUATION?
PLEASE ITS URGENT

My company is having unabsorbed depreciation of Rs. 600000/- pertaining to A.Y.99-2000 when unabsorbed depreciation was eligible to be carried forwarded upto 8 assessment years.

In 2002-03, the law was amended and the limit of carry forward of unabsorbed depreciation was made for indefinite period instead of 8 years.

My query is - can i set off the unabsorbed depreciation of A.Y. 99-2000 against my income for A.Y. 2009-10.

Pls. explain .

New TDS rate proposed in budget is applicable from 01.10.2009 or from 01.04.2010?