WHAT IS THE DP charges?

WHAT IS THE ESCROW A/C?

What is the benefit of EEFC a/c?

What is the meaning of on board circuitry?

sir , regarding the form fc-gpr which needs to be issued to rbi signed by the auditor i have the followiung doubts:
1- it says about the method of valuations- the com has randomly issued shares at rs.100 per share. so what shd the auditor do
2-all method of valuations talk about average of 3 years. this has just set up in april 2007 and no previous balance sheets are available.
3-the shares are issued on 11th july 08 and period of 30 days has already elapsedwhat to do
4- if i have to advice a newly opened software company which is a subsidiary of a foreign company regarding the method of valuation of shares. then what can it be
kindly let me know at ur ealist sir its very urgent. thanking u in advance

sir, when the parent company advances money to sub company.there will be a huge credit balance.when sales are booked as per transfer pricing some advances wouldget knocked off. but some of the advances would be towards fixed assets. the entry passed is fixed assets debited and credited .but some amount would have to be transferred to some other account. if so kindly guide me on the above . thaks

we are export the service so the following are the input service or not/

1) service tax paid on the employees insurance.

2)service tax paid on the car parking of the compny?

3)service tax paid on the staff traning

4) there is any notification where we can not take the credit of Rs less than 100?

plz tell me all relavant rule and section for clearfication

I heard that, till the asset is put to commercial use all the cost (including interest cost on borrowed fund) has to be capitalized and included in cost of asset

If its true..Will the Trial Run expense be included in cost of machinery.

Or will trial run expense be treated as revenue expenditure-ordinary but exceptional and debited to P&L a/c

*** Trial Expense includes direct material, direct labour, direct overheads etc***

Details as follows:

01/01/05 - Loan taken from employer of 5 lac for construction of house for self.

01/07/07 - Loan taken from uncle for 7 lac to repay 6 lac to employer along with cumulative interest and balance 1 lac to deploy for construction of flat.

01/07/08 - Flat got ready. Two days later paid 7.7 lac to uncle along with interest and closed all loan a/c.

So now for FY08, assessee can claim how much deduction u/s 24B as pre construction + post construction.

Dear Experts,

please guide me whats is mobilization advance and how to recover mobilization advance in normal terms.