I have received Rs.648000/- as Credit Linked Capital Subsidy under TUFS(Technology Upgradation Fund Scheme).This Scheme is set up for Textile industry using Upgrade Technology. Technology levels are benchmarked in terms of specified machinery for each sector of textile industry. Machiney with techology levels lower than specified will not be permitted for funding under TUF Scheme. Now, my question is what is treatment of amt. recd under this Scheme? whether it is teaxble or not and under which section? Pl. Clarify.

One of the subscribers to the memorandum of association and articles of association of a proposed private limited company to be incorporated in kerala is an Indian citizen residing in USA and employed there in Government department.Is it compulsory to obtain no objection certificate from USA government to be attached with the incorporation documents. If so the said letter is to be attested by the USA embassy.

A private limited company wants to issue share certificates to its share holders. Is there any restriction in the companies act as to maximum number of shares to be included in one share certificate.

hi,
im a PE-2 STUDEND PLANNING TO GIVE MY NEXT ATTEMPT IN MAY 09. I WOULD LIKE TO KNOW IF THERES ANY GOOD COACHING CENTERS IN CHENNAI ( IF POSSIBLE NEAR NANGANALLUR AREA) FOR 2ND GROUP.

Can you please explain what is amortisation of an Asset in point of view of accounts?????????

what are the various issues to be dealt with when preparing thecarrying out the internal & statutory audit of the following :

1. Shipping industry

2. Insurance

3. Oil & Natural Gas

4. Heavy engineering manufacturing industry

5. Film Production industry

6. Sports Associations

please mail ur suggestions to

psrinivas1 @in.com

will tds attract for the payment made to foreign company as advertisement charges.

actually.. my que is abt tds. is it applicable for reimbursement of Exp.? MY labourer paid freight exp. on behalf of me & then he produced me the bill including labour amt + fright & airway bill amt. the amt. of freight is more than 2 lacs. my labourer didnt deduct tax. this thing happended in f.y. 2005-06. it arised at a time of scrutiny. i read circular no. 715. it said i have to deduct. i have hearing as on 5th of nov. plz. give me case regarding this question & even circualr also. i need it.

actually.. my que is abt tds. is it applicable for reimbursement of Exp.? MY labourer paid freight exp. on behalf of me & then he produced me the bill including labour amt + fright & airway bill amt. the amt. of freight is more than 2 lacs. my labourer didnt deduct tax. this thing happended in f.y. 2005-06. it arised at a time of scrutiny. i read circular no. 715. it said i have to deduct. i have hearing as on 5th of nov. plz. give me case regarding this question & even circualr also. i need it.plz. give me discription answwer.

dear Experts,
At first i wish you a happy diwali,

sir i have a query-

1)A Tour Operator( Pvt Co.) who arranges foreign tours receives advances on 1/1/2008 for the tour which will commence on 15/04/2008.The tour operator makes profit out of some commission on Air tickets and also a service charge from customers.he follows accrual system of Accounting.

my specific query is when the tour operator should realise the revenue.
is it
(a)in the FY 07-08, on the date of receipt or
(b) in the FY 08-08 in the year in which the tour actually commences.


thanking you sir