can any body tell me the difference b/w tax invoice and commercial invoice.
Is it olny for legal and administrative(accounts) reectively or is there such other intention behind it.
Why do we need to prepare both these when both have (commonly) same particulars

A company is making payment to B company for shred power evacuation facility. Whether A company is required to deduct TDS. If yes than whether u/s. 194J or 194C

HI Experts

One of my client is an technological based company
they sale their their products as well as provide AMC(service) to their clients

They issue different bills to their for the goods & for the AMC(SERVICE INCLUDING SERVICE TAX )they provide
but their client give them the payment in lump sum amount .
The general credit period provided by the company is 3-4 months

EXample of the Query

GOODS SOLD to A in april Rs50000
AMC Provided to A in april Rs20000


After 3-4 months A gives my client a check of some amt say Rs 65000

.....
more goods as well as services are bieng provided to A during this period of 3-4 months.

MY QUERY :- HOW TO DIFFERENTIATE THE AMOUNT RECD FROM A BETWEEN GOODS & SERVICE PROVIDED
WHAT AMOUNT OF SERVICE TAX IS BEING PAID BY A

THANKS IN ADVANCE
WAITING FOR YOUR REPLY

Helli sir,

I have an assignment to conduct internal audit of a stock broker. The scope of audit will include following
1. the existence, scope and efficiency of the internal control system,
2. compliance with the provisions of the SEBI Act, 1992,
3. Securities Contracts (Regulation) Act 1956,
4. SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992,
5. circulars issued by SEBI,
6. agreements,
7. KYC requirements,
8. Bye Laws of the Exchanges,
9. data security and insurance in respect of the operations of stock brokers/clearing members.

Can you pls provide some guidance as to how can I proceed or where can I get a literature on requirements of above laws for stock brokers.

Thanks in anticpation.
Pooja

whether Defferd Tax Liability shall be included in calculation of net worth? Is there any specific accounting standard relating to such or any guidance note issued by the institute? Please suggest

Dear All,

If X company is a private company and it is raising paid up capital to Rs. 5 crores. Is it mandatory to convert or change the nature of company to Public LTd? or else what can be the implication of this in terms of legalities with ROC?

Principal transferred goods to agent for Rs 10lakhs. Agent issued F form for Rs 10 lakhs.
Subsequently principal reduced the price of goods covered by the above mentioned F form and communicated to the agent through a letter. Can agent issue another F form for the price difference. If not can you suggest me a method to solve this issue.

NB:- The agent is to sell the goods at a price intimated by the principal from time to time.

Sir, I am working as an Asst Manager in MNC (Accounts). I want to know that is there any provision for employees investment declaration filling date. As we are facing problem that employees those have not filled their decl on or before due date, they want get consider even if they are filing after our prescribed date and asking that what is prob. I need to about prov. Kindly help.
Regadrs

What is the major difference between authorised shared capital and paid up capital

I was e-filing ITR 1. Firstly, the xml file was not uploaded and computer displayed INTERNAL SEVERE ERROR.

So I again e-filed the xml file.

But , to my surprise, I have received two acknowledgement numbers.

What should I do now??