What is ment by margin money in project finance? could you explain me with example?

Dear Experts,
we have been paid car premium amount for our site which is under work in progress.
we have paid 700000/- premium amount for first four months.
Entry in books of account for Premium which we have done
ICICI-CAR A/c Dr. 700000/-
To Bank A/c 700000/-
Now we have to recover from contractor on pro-data basis for recovery of premium amount from contractor i have two option one is Debit to Contractor and give credited to ICICI-CAR A/c and second option is transferred to entire amount of premium into Car Preimum a/c(which would be a New Ledger under C.Assets) bcoz we have to recover from party.then do this entry after transferred of entire amount into new ledger.

Contractor A/c Dr
To Car Premium A/c

at the end of year we can easily find out how much money we have to recover or how much premium money we have been recover from contractor.

please guide me what i should do if u have any idea better then this plz reply me.

Thanks
Regards
Ravinder

Dear Sir,

Good Morning. I had taken CENVAT credit in RG 23C instead of RG 23A. and file the Excise return accordingly. Can I reverse the same and take the correct claim in this month's return? Plz. explain.

Thanks & Regards,

Vijay Modi.

sir,
i am 28 years old and i want to join CPt but feel shy to join.could u please guide me and help me .i am very poor in accounts, i feel shy to join any coaching class.could u please tell me private tutor in mumbai for accounts.please guide me and help me .i will be thankful to u .is CA a better option to star a smaal business house .

We are a MNC auto-ancillary unit. Our plant is scheduled to commence operation by 2010. In the meantime, we are importing material and passing to a Job-worker who does the conversion using imported/indigenous matl. He hands over finished goods to us for sale to our customer in India.

Query : We want to import material in our name and pass on to job-worker, so that he can avail CENVAT benefit and pass the same to us.
Pls let us know how to enable the job-worker to avail CENVAT ?
We only have a Regd. office. in India and cannot inward the import material into our premises. The imported material has to go to the job-worker premises directly. The title of the goods should be with us. (Earlier practice of endorsement of B/E has been dispensed with now).

Regards,
J Balasubramaniam

We are a MNC auto-ancillary unit. Our plant is scheduled to commence operation by 2010. In the meantime, we are importing material and passing to a Job-worker who does the conversion using imported/indigenous matl. He hands over finished goods to us for sale to our customer in India.

Query : We want to import material in our name and pass on to job-worker, so that he can avail CENVAT benefit and pass the same to us.
Pls let us know how to enable the job-worker to avail CENVAT ?
We only have a Regd. office. in India and cannot inward the import material into our premises. The imported material has to go to the job-worker premises directly. The title of the goods should be with us. (Earlier practice of endorsement of B/E has been dispensed with now).

Regards,
J Balasubramaniam

Hi,

I am appearing in May 2009 examination of PE 2

1. I have the business and corporate law study material updated as on 15th Nov 2005 and published on September 2006. Is this book relevant for May 2009 examination.

2. Like above for auditing i have book published on September 2005.

Is above 2 books relevant for May 2009 examination.

Please advise

Thanks and Regards

Hi friends -

If only a part of the advance tax due on 15/12/2008 is paid before that date. Say 60% is paid & balance 40% is paid on 15/3/2009, alongwith the advance tax due on 15/3/2009.

Please advise a.s.a.p. - what will b the rate of interest to be paid for the shartfall of advance tax (due on 15/12/08) & the period for which such interest is to be paid.
Also advise what would be the other monetary & non monetary consequences.


Thanx in advance,
Vishwas

I understand that a foreign company has the option of starting a business in India through a plethora of options - liason offices, branch offices, subsidiaries etc.

Assume that a foreign company chooses to open a liaison office and does so. What I would like to know is if there is a special procedure that a company is expected to follow if it want to convert this liaison office into a wholly owned subsidiary?

wheather we should study notification no. in serv tax/?
is it ok to study only notification no. without its actual date/?