Can any one please tell me abt the site where TT buying & TT selling rates of Doller to Indian Rulees can be seen for each day of whole year to comply with AS 11.

mr. X sold goods to Y. freight charges on goods are to be borne by the seller but actually the freight are paid by the purchaser. so, mr X credits Y's a/cs in our book and debits freight expenses.If freight charges require to deduct tds than who has the liability to deduct tax. mr y who has made the payment to transportation co. or mr X who has to actually records the exp.in his book?
plz reply , its urgent....

Hi all,

Suppose Mr. X is an employee of ABC Co. Ltd. The Company has a movie camera (Original cost Rs.60,000/- and W.D.V Rs.50,000/-)and the same is a fixed asset as per books of accounts of the Company. Mr. X has given charge to take care of the movie cam. One day the same has been reported as lost by Mr. X to his employer. Mr. X wants to compensate for this. Accordingly, he has purchased a new movie camera (having higher technical advantage than the previous one) without informing his employer at a cost of Rs.35,000/- and collected the bill in the name of M/s ABC Co. Ltd. He then prays before the management to accept this. Now, my questions are:
1. Would it be right for the ABC Co. Ltd. to accept proposal of Mr. X?
2. If ABC Co. Ltd. accepts the proposal of Mr. X and takes possession of the new movie camera then what accounting entry is require to be passed?

Please reply in detail with correct accounting treatment and figures in respect of above situation.

is a PRIVATE COMPANY liable to deduct TDS on director remuneration?

also, whether is it possible to make such payment without deducting tax at source?

Sir, I am going to write my first chance CA-Final exam in Nov 2008. My principal has given me leave of 130 days starting from July first week. Till this time i was able to finish only DTX, IDT, MICS, and CLSP only. My problem is I am not able to plan a study shedule. If i decide for both groups together then how can i schedule my study time? Is about 120 days sufficient for taking both groups? Or should i go for only one group? Please advise?

I would like to know, if a person gets his retirement and availed the commuted pension which is 1/3 of his pension for
10yrs besides his periodical pension.(2/3)

Will he be start receiving back his 1/3 pension at a specified time after the completion of 10yrs, if he is alive.

OR
will he receive nothing, once availed his commuted pension (ie.1/3 part), after 10yrs, if he is alive?

From:Swati

Whether Fringe benefit is applicable on internet charges?

If a Dealer is registered under DVAT and he send material to Ghaziabad (U.P.)for Job Work on Form 31 then after job work materil will not return to delhi, direct sold in Ghaziabad (UP) to another party as Central sale from Delhi to UP what is the involvement of Form 31 of purchasing party.

The purchasing party booked this purchase as central purchase but his form 31 was not involved in it for import of material from other state

what is the liability of sales tax on purchasing dealer

my pcc exam is in this nov.
i wnat to know that whether 15 months completion of articleship is including leave or excluding leave.

please reply me as soonas posible..... its very urgent.

I understand that an accountant's report on Form No.3CEB to be furnished by an enterprise that has international transaction with its associate concern during a given accounting period, pursuant to section 92E of Income tax Act.

My company has not filed such report for the past two years, where we had international transaction with our overseas JV about Rs.3.75 Crores per year

Our Tax consultant says if the auditor of the company is of the opinion that the company has computed its tax having regard to the arm's length price, then the report is not necesaary to file.

a.Can anybody authoritatively confirm this contention of our consultant?

b. Also what is prescribed documentation to be kept as a proof of the same.