POR to be classified as what in on redemption of prefrence shares

in what case such amount could be used ???

POR to be classified as what in on redemption of prefrence shares

in what case such amount could be used ???

1.Whether the provisiions of Schedule-XIII of the Companies Act applies to a Private Limited Company

2.Whether a NRI Director of a Pvt.Ltd.co. be paid remunertion in Indian currency without obtaining any permission from RBI or Central Government for the services rendered outside.

what is the tratment of insurance on a new car purchased during the year?

whether the same is to be capitalised or treated as revenue exp.

if to be capitalised then plase state reason?

gaurav jain

Sales Rs.120lac of which 75% on credit, contribution ratio is 20%.The credit terms are 2/3 net 30.Current bad debts are 1%, Companies administration cost is Rs.120000.Past Experience indicate that 60% of the customes avail the cash discount.the remaining customers pay on an average of 60 days sfter the date of sales.the debtors of the company are presently being financed in the ratio of 1:1 by a mix of bank borrowing & own funds which costs 15% & 14% resp.afactoring firm offered to buy the debtors on the following terms:-

1. Factor reserve 12%.
2. Guranteed payment 25 days
3. Interest Charges 15%.
4. Commission 4%.

(answers are, Cost in house= Rs. 426750
Cost of Factoring= Rs. 452780
Net Loss= Rs. (26030)

Please give me the solution of this question.With the logic.

plz mail me at manishbrg@yahoo.co.in

is there any university which provides BACHELOR IN GENERAL LAW(BGL) OR LLB in distance learning WITH ONLY 10+2 QUALIFICATION.AND IS UGC RECOGNISED

Hi Friends,
I passed CA ( Inter ) from old course.
Can any body clarify that from when new course examination is applicable.
Nov`08 exam will be on new syllabus or old syllabus.
If no than when it will applicable & I have to make apply with the institute for the same ?

If a company owns a car expenditure related to that car is attracted for fbt
but in the case where the company hire a car whether the hire charges & expenditure related ie petrol, maintenance is attracted for F.B.t

If a company owns a car expenditure related to that car is attracted for fbt
but in the case where the company hie a car whether the hire charges & expenditure related ie petrol, maintenance is attracted for F.B.t

my friend, an NRI, wants to setup a trading business in india.goods( consumable goods) are imported and sold in india.My queries are

i)whether he is liable to pay VAT on imported items
ii) is he liable to collect VAT on subsequent sale in India, if yes, what is the percentage of VAT.

iii).whether he is eligible to get VAT input credit