can an indian co. bill to an indian co. in dollars in india itself ?
And the payment is made by the purchasing Co. in RS. to the selling companies bank but in accounts it is converted into dollars at tht days exchange rate.

And can we have foreign exchange revaluations on such dollars at the year end ?

Can a transaction be routed this way.
Pls tell me with reference to relevant sections of any law/act.

Dear Sir,

Generally I used to visit your website and study myself to get knowledge; I have one small question which I am facing right now in my organization.

A Foreign company established in USA got short time assignments in India from State Government; now foreign company wants to work with one of Indian company registered in India.

So one of the expatriate of foreign company will stay in India for the assignments.

Indian company will provide manpower & infrastructure like part of our office building / internet / vehicle / communication / printing & stationery / Guest house etc for the completion of the assignments.

Therefore agreement will be made under two heads (a) Remuneration (b) Reimbursable Expenses / Operating Expenses.

Now my question is:

1) Should we invoice in Indian Rupees or US dollar.
2) Service tax will be applicable or not. If applicable then on what remuneration / Expenses or both.
(one point to be borne in mind: that Indian company will not be in positions to provide bills for the expenditure because they will be using part our office building / vehicle etc, so Indian company will charging Lump sum(LS) per month.



Please help me, expecting a line feedback from you sir,

Respects

Jyoti
jsahoo@sify.com

How does reporting requirements differ in case holding company of a company changes during an acounting year due to merger or amalgamation.

now we have two holding companies within an accounting year so how we need to show the related party transactions in the notes on accounts.

Pls. suggest

Which books r gud for CA Final-new course for costing(adv management accntng) and MAFA (SFM)

m confused for costing in between saxena vashisth n Sarvana Prasath (Padukas)

n for FM between Bala pattabhiram and khan n jain


pls help..rly as soon as poss..

Hi to Everybody
My Qurey is this
My Clients Company has a registered address of nalla Sopara,
& now It wants to shift it to the Goregaon
so kindly give me a Format of Special Resolution Format including EXPLANETORY STATEMENT
Thanking you

A PERSON IS HAVING A 2 TRUCKS AND HE IS ENGAGED IN BUSINESS OF TRANSPORTING/ SUPPLYING SAND,MUD ETC TO PEOPLE FOR CONSTRUCTION.
IS SECTION 44AE APPLICABLE? AND CAN HE TAKE RS, 3500/MONTH AS HIS INCOME?

IF 44AE NOT APPLICABLE THAN IS SEC 44AD APPLICABLE BECAUSE CIVIL CONSTRUCTION INCLUDES THE EXECUTION OF WORKS CONTRACT AND SUPPLYING OF SAND IS LIKE WORK CONTRACT ONLY ???

AND IS IT REQUIRE TO HAVE NOT MORE THAN 40 LAKHS TURNOVER INCASE OF SEC 40AE?????

i m newbie to tally pls help to learn.................

I WANT TO KNOW THAT HOW CRISIL DOING RATING IN BANKING FINANCIAL SYSTEM. CAN YOU GIVE ME CRISIL RATING FORMATES.

i m lil bit confuse bw these 2 author pls ans me i know southies read manoharan bu here in punjab no one reads manoharan heard too much abou manoharan but afraid it may b waste of time
i gave pcc june 09 but performed bad in tax and information tech pls advise whether to go with manoharan or singhania or notes of a good author

also for info tech should i study dinesh madan notes or something else

I am a non commerce student. I took the subjects PCM + economics in 11th, 12th.
I would lie to become CA and give the CA-CPT exam. Is it possible for me to give this exam?
What coaching should I take? When can I give the exam?