hi,

I had made a payment exceed 20000 in cash. I know payment exceed 20000 in cash is totally disallowed but what effect it will arise when i make a payment exceed 20000 tell me briefly.

Thanks

a bond has 10yrs until maturity,a coupon rate of 8% and sells for rs 1100/-. whtt is current yeild on the bond and whtt is YTM?

my final exam due is on Nov 09....since it is the last attemtp,if we switch over to new course, can we write our exams in Nov 09

A student writes and clears the CA Final Examination in May 2008 and the training is due to be completed in Jan. 2009. My querries are:-

Earliest by when can the student attend the GMCS programe?

And can the student participate in Aug-Sept 2008 Campus Placement Programme even if the GMCS course is not completed by then?

Please enlighten me on the above issue.

Regards,
Shefali.

Hi friends
can anyone provide me with template or format of a good internal audit report which is to be submitted to the management of client. Its urgent

when and where we can check the allocation status of bank statutory audit as confirmed by rbi

hi, can anybody please tell me diffrence between internal audit & statutory audit in practical life.
How to prepare audit program considering all the factors like ledger scrutiny, IT, SERVICE TAX, FBT etc. aspects.
what should be ideal petty cash system company should adopt for e.g. IOU vouchers etc.
what are the aspect to considered while checking service tax & TDS?
How do ledger scrutiny of debtors in tally?

Hi All,

Good morning.

can any body know the new service tax rate i.e 4% for works contract service from when it will be effective

Dear All,

We are a limited co.
We have exported goods, for export we have appointed Clearing & Forwarding Agent for transportation of goods to abroad.
This Clearing & Forwarding Agent has issued 2 bills, one for their Service charges (Rs.4,000) & other for Reimbursement of expenses like insurance, transportation expenses (Rs.24,000).
Now the query is whether this service charges should be treated as Professional Fees. ie TDS u/s 194J or it should be treated as Contract charges ie TDS u/s 194C.
If it will be treated as contract charges & then whether TDS is required to be deducted only on Services charges or it should be on both, Service Charges & Reimbursement of expenses.(Party is giving separate bill for reimbursement of expenses.)
Can any one tell me what is general practice which is being followed in this circumstances. Also let me know if there is any Circular, Notification or Case law related to this matter.
If anybody required any other detail, then just let me know.

1)The duration of project in Software Industry normally is more than a year. AS-7 allows only completed contract method.In such scenario where the comapany cannot raise a invoice till the completion of the contract, but it has incurred some expenditure till the end of the year in performance of the contract, how does it deal with expenditure already incurred?

Is there a concept of 'WIP' in Software Industry?. I have not come accross 'WIP' in reports of IT companies.

2)If the company has received some advance based on milestones achieved, can this sum be deducted from expenditure already incurred and show remaining balance as WIP?

Kindly clarify.