Sir, Pls explain the benefits of keeping the bank EEFC Euro Account for Doing export and import in Euro countries than Bank Current or CC account.

Dear Sir

please provide me the format draft of Board resolution for approving working capital projection report.

Sir, Pls reply for the following query.
1. Under which section, the manufactured iron scraps are posted in Form GSTR 1.

The asssseee salaried employee during the year has got speculative gain on sale of shares. Sale price 90 lacs cost 88 lacs net gain Rs.2 lacs. Whether to show as Income from business or other sources. Whether Tax Audit be applicable .

Sub: Taxability of USA Lump sum Pension received in India (As Ordinary resident of India).
Facts:
·         Received Lump sum Pension (No Gratuity) from USA ($44,190 = INR 28,33,153) on 03/11/2017. USA did not impose any tax on the lump sum.
·         Was working in USA for Private companies since Aug 2003 – Feb 2015.
·         Came back from USA to India in Feb 2015. Currently I am resident of India (996 days as on Nov 03 2017). I am not a Citizen of USA or a Green card holder. Present age = 41Yrs.
Tax interpretation on Lump sum Pension income.                   
·         As I am Indian citizen, Indian Pension laws are applicable for paying taxes on Global income.
·         Per Indian tax laws, for Non Govt. Employee, the computation of commutation value of pension is as follows:
·         Basic pension per US pension plan = $814 per month for rest of life (After Oct 1 2042..retirement age 65)
·         Date of Birth – Sep 25, 1977
·         Date of VRS – 11 March, 2015. Pension received on 03/11/2017.
·         Commutation factor: 9.145 (35 Years) per Commutation table.
·         Hence given above: Commutation value of pension, if 100 % pension is commuted is $814 * 100% *12 months*9.145 =$89,328 (INR = 58 Lakhs.)
·         Per Indian Tax laws 50% of Commutation value of pension is exempt. Which is equal to 29 Lakhs Rs
·         As I have received 28.3 Lakhs only, hence Entire Amt. is Exempt from Tax.

Please advice if my above logic is correct.. Thx much for help!

My vendor A ltd supplied water ( from container ) to us. He has not charged any GST period from July-17 to Mar-18 due to non clarity of GST Law . But now he has raised separate invoice for collecting Arrears of GST.? Kindly clarify my doubts.
01. Shall we avail ITC on water charges.?
02. Shall we avail ITC on arrears of GST.?

there is a section in the Final Exam form NOV-2018 "Principal's Details" with Mandatory Fields. i have completed my articleship long before and not in touch with my Principal since then. therefore, i do not know my Principal's Mobile no. and Email ID. How can i fill up the Exam form.????? anyone please suggest me asap... i have asked ICAI exam center in this regard through mail... but it's been 3 days that they have not answered me yet....

A person sold agricultural land in F.Y. 2009-10 in village Solkhian, Tehsil & District Ropar(Pb.). The land was not situated within the limits of nearby Municipal Committee i.e. Ropar in f.y. 2009-10. Only one road connecting to Ropar is notified as per CBDT Instn. dated 6.1.1994 i.e. Bela Road but the land sold was not situated towards this road. The same was situated towards Kurali Road. I want to clarify whether the land sold by the assessee in f..y. 2009-10 will be treated as capital asset or not within the meaning of sec. 2(14) if it is located towards unnotified road(as per cbdt instn. dated 6.1.1994) connecting to Ropar but falls within 8 kilimeters from the municipal limit of Ropar.

Hi
I am a house wife having only an interest income and Long Term Capital Gains by selling Equity Shares in FY 2017-18. (Shares acquired in 2007 and sold in Dec 2017 and total LTCG was around Rs 36000).
While filing my return, which form should i use?
In case i have to use ITR-2, do i need to show these gains in ITR? If yes, where in CG section?

regards

what is the meaning of "any other transaction as may be prescribed".
i have found many place that " as may be prescribed". so where i can found the item prescribed

for example, in meaning SDT in transfer pricing (sec 92ba (vi). any other transaction as may be prescribed
so where can i get the prescribed item for above definition