Explain the Tax and accounting treatment of Shares lost.
Whether the shares are to be written off?
If yes what shall be the treatment of Dividend received on such shares?

Hi,

I have a query on Remittance to a company outside India.

X is an Indian Pvt Ltd Company.

Y is a company in Srilanka.

Qn. 1 Can X remits some amount to Y towards expenses for establishing X's office in Srilanka

Qn 2 If it is possible whether TDS is applicable ?
Qn 3 Is there any limit up to which TDS need not be deducted ?

Qn 4 Or whether the Directors of X in their INDIVDUAL CAPACITY can remit money to Y in srilanka for establishing an office there ?

Qn 5 Is there any limit for the above ?

Qn 6 Whether TDS will be applicable ?

Qn 7 What are the procedures for making such remittances.

Thanking you

Regards


Subramanain

As per Recent circular, we are deducting TDs on Gross amount of BILL, but in case of Transporter Freight, we are paying service tax i.e it is not come in the consignment NOTe, We are simply making the liability and Depositing to GOvt.So, Whether we should deduct TDs including S.Tax ,or Excluding Service TAx.

As i am a student of PE-II & Want to undertake 100 Hrs Practical Training Now I am in Last Attempt. In order to undergo such training what is the Procedure & If any forms is availbale kindly mention?

What is the criteria for the changes in the rate of stock on bonus issue
for sure the share will fall from the point of issue on excess shares floated in the market. How much does it fall?
Can we estimate the fall approximately?

May i know best way to reconcile the bank statement.

Can any one guide me about the accounting treatment of the FOREIGN EXCHANGE TRANSACTION? The details of the transaction are as mentioned below;

Purchase Order of Machinery
07.06.07
Euro 100
Ex. rate : Rs. 54/euro

Advance payment
11.06.07
Euro 20
Rs. 54.95/euro

LC issued
15.11.07
Euro 80
Rs. 56/euro

1st Invoice date
31.12.07
Euro 70
Rs. 57/euro

Payment against 1st invoice
18.02.07
Euro 60
Rs. 58.42/euro

2nd Invoice
31.01.08
Euro 30
Rs. 57.75/euro

Payment against 2nd Invoice
07.03.08
Euro 20
Rs. 62/euro

Erection & Commissioning Adv payment
03.04.08
Euro 5
Rs. 62.60/euro

Invoice of Erection & Commg.
30.04.08
Euro 5
Rs. 64/euro

I have recorded the payments at actual amount paid.

Now I am confused about the accounting of fixed assets that at which rate I shall account the both invoice and how to adjust the difference arising due to exchange difference?


Thanks & Regards
Rohit Boraniya

dear sir's

can any one tell me, how to obtain din number?

thanking you.

If a music artist or a band has taken up a one time venture, Income from Other Sources shall apply, if not then their income will be assesed under Income from business and profession. I would really be greatful if someone could enlighten me on the various rebates and deductions available to a professional music artist or a band under the IT act.

I Have to know that, if Interest due on TDS (TDS not deposit in time but depsoit before the end of the financial year in which TDS Arise)and Interest on TDS not Deposit in Same Financial Year, whether it would effect on Disallowance of epenses.