Kannan
17 March 2008 at 20:45

ForEx Transactions accounting method

Dear Sir,
We have invoiced to Foreign buyers in USD, AED & GBP. While we raise invoice we book sales and expenses in any at the rates CBEC rate of exchange of conversion of each of the foreign currency. At the time of payments realised in our foreign branch or else we received TT from buyer the rate at which it realised is taken into account in Tally9. Incase if we receive a TT from our foreign branch say $10000 @ 39-30 which is fully converted into our cc a/c or (EFC a/c maintained in USD) whether we have to credit the rate at which realised or avg rate or standard rate in order to tally
with Branch account maintained in india.
Further in EFC account in USD should be accounted in average rate or standard rate
prescribed by CBEC rate?


romil jain
17 March 2008 at 19:50

Tax liability in case of an AOP

Suppose an AOP has the following income:
Dividend = 50000
Rent = 1000000
Interest = 1000
STCG = 150000

And it also has a corpus donation of 10 lacs.


So What will be the tax liability of AOP?


romil jain
17 March 2008 at 19:50

Tax liability in case of an AOP

Suppose an AOP has the following income:
Dividend = 50000
Rent = 1000000
Interest = 1000
STCG = 150000

And it also has a corpus donation of 10 lacs.


So What will be the tax liability of AOP?


HIMANSHU TIWARI

what aspect we should take in to account while finalising of the books of account of any limited listed company ,pls tell me whole phase


Daulat Kunwar
17 March 2008 at 18:13

Fringe Benefit Tax

Sir/Madam,

Please send me the FBT calculation sheet applicable for private companies for the F/Y 2007-08.

Regards,
Daulat


vandana
17 March 2008 at 18:01

audit report

is there any prescribed format of audit report for a company on which caro is not applicable?


aishwarya
17 March 2008 at 17:29

Its urgent

Sir i want to have good exposure as well as get good stipend in chennai


Prashant
17 March 2008 at 17:08

method for CPT study

I have given 3 CPT Eamination but i could not clear any of it I always short of 15 to 16 marks I am not student from Maths Background. So please tell me which how should i clear CPT Exam?
please help me


RAMPRASATH R
17 March 2008 at 16:51

penalty 271 F

for the assessment year 2006-2007 ie financial year ended 31.03.06 the return was filed on 31.12.07. but the assessee has paid advance tax. whether penalty u/s 271f can be imposed. there was only delay in filing returns.whether there is any case law in favour of the assess to escape penalty


SHEEJITH
17 March 2008 at 16:28

POWR OF ATTORNEY

If you have a format of General Power of attorney for dealing in shares and securities. Kindly mail to sheejithm@rediffmail.com






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