Deepak makhija
12 January 2009 at 13:49

International Taxation


A foreign company has obtained the permission from the RBI as liaison office in India and the Company has opened the Saving Account in the name of the person to whom power of Attorney is given and in the Saving Account Interest Income is also reflecting in the account,
The Company is using this account specifically for the transaction of the Company only.There is no any personal transaction done by the Power of Attorney holder through this account .But as per RBI people say that the account should be in the name of Company only. Please advice whether is ok or not. and can it be said that all RBI guidlince are complied with and CAN AUDITOR CERTIFY THE SAME (That all guidlines are comoplied)

Thanx & Ragards.


HEMENDRA BABEL
12 January 2009 at 13:49

Debonding of EOU

Dear Sir,

We are EOU Unit and Registered in June-2007.

Now We Require to Debounding our EOU and want to convert in EPCG what rate of duty to be paid on this convertion .

What Benefits is forgo

thanks



HEMENDRA BABEL
12 January 2009 at 13:42

Notification No.1/2009-Service Tax

Dear Sir,
Please Brief this notification.

Thanks


RITESH KHANDELWAL
12 January 2009 at 13:30

TDS on service tax

Sir, Hope u r doing great......i have a query ...shall TDS be deducted on service tax as well in a consolidated bill issued by a contarcor...if yes plzzzzz confirm the same by any links or circular......... well i blv it shuld be bt seniors are not accepting it without any documents


R.Suresh
12 January 2009 at 13:21

Very Urgent

I need help,

NRI is going to invest the money to indian flim market, but the Company is a Indian Company only, that is newly creating , they going by law procedure to creating a New Trading Company. The main objective of the comapny is going to buy a flim from producer and sell to theaters (they act as like a distributor). So

What i want to do? how to proceed.

Please Help me.



RITESH KHANDELWAL
12 January 2009 at 13:21

TDS on service tax

Sir,
I have been told by my senior that tds shall be deducted on service tax......plz confirm the same supported by a circular or link where i can find it....plz resolve it on urgent basis.

Thank


ARCHANA
12 January 2009 at 13:12

Form 112

Hi..

Is there any time limit to submit Form 112 for students who are pursuing an additional course other than CA..


peena
12 January 2009 at 12:40

periodicity for payment of service tax

we are private ltd co. haviang service tax registration
our liab. does not exceed rs. 50 lacs per year including current year
what is the perodicity for payment of service tax - quarterly or monthly


Ajay

for example if i keep $100 thousand in fixed deposit for three year then for three year ROI is 9.25% subject to TDS and normal tax but after three year if i wish to repatriate the maturity proceeds along with interest back to foreign country - is that possible or not? are there any restriction on repatriation, are there any guidelines by RBI to control this repatriation?
pl give full details


Swaminathan
12 January 2009 at 12:02

AS - 7 Valuation - Contract costs

Should we have to include prov for bad debts and foreseeable losses as contracat costs for the purpose of arriving at the Percentage of completion.






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