it is my request to all the members that please elaborate how the interest rate is decided by the banks.

i came to know that if a exporter avail PCFC in foreign currency then the rate of interest is 5% to 6% and if it is availed in indian rupees then its rate of interest is 13% approximately. why it is so.

what are factors that affect interest rates.

i will be grateful for guidance in this respect.

anish jain

Can a Private Limited Company accept share application money more than its authorised Share capital? If it has accepted share application money more than its authorised capital, what would be the legal implication

Pl clarify the following
If a banker gives CC Lt of Rs.4.0Cr and a LC facility for Rs.1.0Cr to his client.

How would this be accounted in the clients books.
Will Rs.5.0cr (CC+LC) shown as liability of the client.

For the CC limit the client would be paying interest, what would he be paying for LC
Will the banker open 2 accounts one for CC and another for LC for his client.

Why is "loss on sale of plant" not taken in cost sheet?

Is this format..............
Opening Stock of Raw Material
Add: Purchase of Raw materials
Add: Purchase Expenses
Less: Closing stock of Raw Materials
and raw materials consumed or r same or this format calculations gives amount of raw materials consumed
I have got the format from this forum only?

This is an unusual question. I tired to get the answer myself but no luck. Is it possible to break your articleship (say after 2 years) in between and continue your articles after some time (say a year or so). Will I be eligible to write my exams in the above case. I am a PE-2 student thus under usual scheme will be eligible to write exams after two years. Please reply me asap

How many years of articles a PE-2 students have to complete to get Accounting Technician Certificate. Will he need to do extra 1 year of articleship if he wants to obtain a CA certificate after obtaining ATC. The new scheme for ATC prescribes 4 years of articles for ATC students to obtain CA certificate.
Links:- http://www.icai.org/post.html?post_id=3765&c_id=240.
http://www.icai.org/resource_file/14288atc-ipcc_111208.pdf

Hi frnds
We are dealer. We want to sell excisable goods in EOU. Our consultant told us to apply for CT-1 from excise dept and send it to from whom we want to purchase. then they will issue us without duty invoice, and we will issue ARE-1 to EOU, at last EOU will send us endorsed copy of ARE-1 which we have to submit in dept. whether its right procedures????????

Kindly throw some light on the following problem:

My client has a man power recruiting firm based in Delhi. His employees are deputed in states of Gujrat, WB, Karnataka and Maharashtra. Will he be liable to Professional Tax considering the follwing:
1.There is no professional Tax in the state of Delhi.

2. The salary is being paid from Delhi and the employer has no place of business in any of these states.

Please reply asap.
In Anticipation
A K Sharma

My question on service Tax Payment:
I'm using credit card and get loan of Rs.78000 aginst my repayment track. Now Banker collect service tax Rs.200/- on monthly with EMI (48months).
As I'm an individual, If pay service tax What is the benefit of tax paying.?
If there is no benefit of paying such taxes then what is solution.
Ex : if companies paying service tax means they can get input credit.

What is the solutions.I'm loosing Rs.2400/-PA..
Pls guide me in this issue....Thanks.
Balaji
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