In internal Reconstruction , Do we have to write off all fictitious and intangible assets even if not said in the question ?
As per amendment in AS 4 , Proposed Dividend is required to be shown in notes to accounts , so will entry be passed in journal for it ?
Corrected Text: I am working for a firm in Bangalore providing Information Technology Service. We deputed our staff to Srilanka to provide IT Service at clients location.. We are Income tax Assesses in India. Our clients deducted Income tax from our payment, paid to the Taxation Authorities in Srilanka and issued Certificates. As per India-Srilanka Double Taxation Avoidance Agreement .can we adjust that tax in our tax dues in India. We have shown the transactions, payments received and tax deducted in our accounts in INR (As per exchange rates noted in Bank's Credit Advise). All payments are in USD through Bank. In their Tax Deduction Certificates they had shown the tax payment made in Srilankan Rupee and noted the corresponding value in USD. Our adviser says as the tax deducted in Srilanka and paid to that Government we have to provide proof that the amount reached Indian Indian Tax Department.If we could not adjust that tax deduction in our tax dues we will be at a loss. We have shown the Income from that transaction and if we could not adjust the tax deduction for it how can we get back that money. Is there any specific clause for TDS in Srilanka-India Double Taxation Avoidance Agreement for Tax Deduction
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hi i am a small proprietor running a job work business. i have been running this business for last three years. but i did not open any current account. i just opened my current account this month. i wonder if i can deposit my cash received till now in this financial year in my current account?
I am working for a firm in Bangalore providing Information Technology Service. We deputed our staff to Srilanka to provide IT Service at clients location.. We are Income tax Assesses in India. Our clients deducted Income tax from our payment, paid to the Taxation Authorities in Srilanka and issued Certificates. As per India-Srilanka Double Taxation Avoidance Agreement .can we adjust that tax in our tax dues in India. We have shown the transactions, payments received and tax deducted in our accounts in INR (As per exchange rates noted in Bank's Credit Advise). All payments are in USD through Bank. In their Tax Deduction Certificates they had shown the tax payment made in Srilankan Rupee and noted the corresponding value in USD. Our adviser says as the tax deducted in Srilanka and paid to that Government we have to have proof that the amount reached Indian Indian Tax Department.If we could not adjust that tax deduction in our tax dues we will be at a loss. We have shown the Income from that transaction and if we could not adjust the tax deduction for it how can we get back that money. Is there any specific clause in Srilanka-India Double Taxation Avoidance Agreement for Tax Deduction
i have a partner ship firm.and a private ltd.co... plan to merge partnership firm to private ltd co. what is the formalitys....for this..????
if one filed itr physically to office and they entered tds lesser than claimed.resulting in demand.Now when trying for rectification online one need reference no. from cpc.but one doesnt have it. what should one can do??
I am 23 years old. I passed cpt and ipcc in first attempt. I also completed my articleship in 2015. My first attempt was due in may 2015. I have not cleared even a single subject since then...leave group.. both groups are pending. I have given four attempts but all in vain. I want to change my direction.. i am not interested in this course any more.. What are the other career options other than ca, cwa.. where the exam is not luck based and hard work is rewarded.. also that i can settle down.. I have no clue.. what to do..I am tired of hearing " Give one try" Never give up"..." You are one step away from success" bla bla.. I think.. if I give my efforts in some other direction.. then I would get better results...Please guide me.. I am also doing job in some small ca firm.. I also want to earn and learn.. No option.. because already some part of life is wasted in this journey..
How i start ,which way am i going to have better nvestment in share market....
anybody can help me if I want to pursue CMA postal as I was a student in Cochin chapter but dropped it there, is it okay to do cma postal along with my work in Dubai?.... what is actually Postal registration
Internal Reconstruction