We have bought machines from one company in USA, regarding payment they requested that amount should be sent to Parent company on behalf of sister company (seller company) working under parent company.

They have referred to such arrangement as accepted commercial practice in the field.

I wish to know how far such commercial practice is recognized and whether it will also holds good in international arena ?

Plz guide and support

Can u plz tell me wat would b her status (Promoter/Prof/Independent) if she is appointed as a Director in d Company in which his Husband is a Promoter n a Direcor?
How to differenciate between Executive and Non Exe Director?

i am an owner of a land and i want to make a joint venture with a pvt ltd co in which i am also a shareholder .the point is that , wheather i have to pay service tax on devolopping exp to the pvt ltd co.
Pleasev reply .
thanx

Sir,
A Company had purchased land and shown it as current assets as stock. It entered into an agreement with a Developer to develop this land and make flats. It is agreed that 50% of the constructed area to be held by developer and 50% by the owner of the land i.e. the Builder. ALl expenditure for construction to be born by Developer. In th F Y 07-08 the work in going on and full construction not completed. However, three flats constructed and given to builder has been sold out and sale deed registered by the builder. Now what treatment is to be made in the Builder Company books.
Since it is not a capital assets hence the capital gain treatment is not applicable. But the land is to be shown as WIP and the cost of the land will become the cost of all constructed area to be received from the developer as far as builder is concerned. Suppose 20000 sq ft built up are will be received by the builder in due course then the cost of the land will be divided by 20000 and the cost of 3 flats sold will be reduced from this land value. Is this method is correct ?

Te question arises that the company is transferring 50% rights in the land in facour of the developer hence at that point of time it is to be treated as sale of 50% land in favour of developer and consideration to be recieved in terms of build up area to be treated as value receivable against the transfer of 50% rights in land.

WE ARE A DEALER IN DELHI AND ARE FILING MONTHLY VAT RETURNS. IS IT ESSENTIAL THAT WE SHOULD BOOK THE PURCHASE INVOICES(INVOLVING IN PUT VAT) IN THE SAME MONTH?
FOR INSTANCE,IF A MATERIAL IS RECEIVED ON THE LAST DAY OF THE MONTH AND THE STORES RECEIVE THE GOODS ON THE NEXT DAY WHICH IS A DIFFERENT TAX PERIOD. ARE WE ALLOWED TO TAKE THE IN PUT VAT CREDIT OF SUCH TRANSACTION IN THE NEXT TAX PERIOD EVEN THOUGH THE PURCHASE INVOICE IS DATED DURING THE EARLIER TAX PERIOD? PLEASE ADVISE

Is the service tax registration compulsory for all IT company or is it for only product based company which offers service to the customer pls let me know

can any one say me the difference between shares and derivatives

can any one please say me about commodity market?

i have provided services of rs.8.50 lacs in previous year and i have paid tax now as the limit increased than what i do make my registration cancle or i am suppose to pay tax even i may not cross 10 lacs

A partnership firm establish with a motto to help the foreign buyer to import the goods from India. For that purpose, partnership firm follow up the exporter of India to manufacture and exports goods as per the requirement of the buyer. For this service, foreign buyer pays the fixed service charges to the Indian partnership firm. Is it the export of service and not liable to service tax ?.