Hi Dear,

If we have imported some goods and now we have to record it then what should be the rate of exchange (buying rate or selling rate)and what should be sound date to book in record

Kindly clarify:
If one gets 60% or more in a subject to get exemptions in the next 3 consecutive attempts is it necessary that one scores a minimum of 30 marks in all the other subjects in the group. ie suppose one writes 2 papers well assuming he gets 62 and 64 and only 20 and 18 in the other two papers of the same group, will he still get exemptions in the papers he scored 62 and 64. Kinldy advice.

Respected Members,

Please any one can provide me the guiduance on working ares of Internal Auditing which have more and substantional focus on organisation.

Regards,

Prabhakar

Hi,

Our company name is changed. can anybody tell me how many days i have to mention "formerly ----- " in our company documents and in which act/rules i can get the provisions regarding the same.

Regards,
Praveen Kumar.T

Please tell me under which section prior period expenses are disallowed in incometax

whether TDS is applicable on payment made by a pvt ltd company for transaction/demat charges to a depository participant?

if yes, then under which section?

I wanted to know the date on which service tax is appicable in case of rent, and the company has registered to service tax on 14.02.07 but they have not remitted any service tax till july but from july the remmittances are done, whether there is any penalty towards this and the date remittance to be started from 14.02.07 or there is any time lag for the payment? and if there is any excess amount paid whether can we claim refund for the same?

Hello Sir

My Grandfather purchased a commercial Land at Rs.28000 in 1979 & after his death this shop is transfered to my father(Age 60 Years) and his brother(Age 70 Years).Now they wanted to sell this shop at Rs. 12.50 Lacs.My father & his brother also incurred some improvement costs on this Plot & build a shop in 1982 by spending 50000 Rs. on that.but they donot have any Documentary proof in support of that.
Now querries are as follows.
1. is it necssary to give any proof for cost of improvement.
2.Can both of them take advantage of slab exemption on their portion of LTCG(assuming they donot have any other total Income)
3.can they take cash in consideration of this shop.
4. Is their any other exemption available in this case.

Whether Pre–Operative Expenses incurred for the Projects yet to be capitalized liable for Fringe Benefits Tax since POP Expenses claim as Revenue in IT & in Corporate Books it is added to the Cost of Assets which is amortized along with the cost of Assets over the period of its life on which we are not paying FBT at present.

Dear Sir,

What is the procedure for setting up liaision office of a non-resident INDIVIDUAL? Specifically:

a)Being individual, the person does not have audited balance sheet or memorandum of association?

b) What is the format of letter of authorised signatory? Where and for how much should it be stamped?

c) It there any letter to be given by the individual to RBI? If so, format of the letter.


Reg

c)