Can an NRI enter into a Partnership Firm in India.

Any Permission from the RBI is required.

Is there in cap on shareholding.

Procedure if any required to followed?

Can an NRI permitted to be a shareholder cum director in private limited company in india

i have passed my pe-II in hindi medium now i want to do CA final in english medium . But i am weak in english. could you suggest me what i should do. could you tell me if any different between salary of CA if he pass final in hindi medium or english medium

Dear seniors and friends,
I have appeared for both groups in nov 07 but i could not make it up,i got 182 in 2nd group & 180 in first group with failure in costing
other student numbers are quite well please tell me the sources of study from whichbook i study & whether to take any coaching to get cler in next attempt with good marks
Thanx & Regards

I have purchased a watchdog for the safety of my property. So, what should be the accounting treatment? Should it be treated as Fixed Asset or Live Stock or deffered revenue expenditure? Please give the reason too. Also, the treatment of charging it to Profit & Loss A/c. Please reply as early as possible on sabir_bavani786@yahoo.co.in
Thank You.

Dear All

My name is balaji. I am working in muscat. Unfortunately i lost in gr2 which i wrote in nov 07. I am unable to appear in this may 08 due to new product launch, implementation of ERP package in our company. Hence I am planning to appear both the groups in nov 08. I have the books of the following authors for preparation. Can any one guide me whether this is enough, since i am unable to attend any class also.
Group I

Advanced Accounting - Mr. V.K.Saxena & Mr. M.P.Vijaykumar
Auditing - Padhuka's Handbook on
auditing CA final Student
Law - Handbook on corporate law &
secretarial practice by Mr. Munish
Bhandari
Mafa - Theory - Mr.Muralidharan
- Problems - Mr. R.P.Rastogi

Group - II
Cost Management - Mr. Vashisht & Saxena
Direct Taxes - Mr. T.N.Manoharan
Indirect Taxes - Mr. K. Vaitheeswaran
MICS - ICAI compilation & ICAI material

Pls help me out in reaching the goal of CA.
Thanks in Advance
Balaji Saranarajan

My company have a WOS in Singapore Now we want transfer the surplus of fund to India in way of Dividend.

My query is dividend received from singapore Co. (WOS ) is taxable or Not .

Dear Sir,

I would be obliged if you kindly provide me some information on "Stock Audit" conducted by CA Firms on behalf of Banks.

Thanks ad regards,

Shankar

Dear all
Journal entry for discount received is

Party(Creditors) A/c Dr.

To Discount Received A/c

Creditors account is a personal A/c, Personal A/c's principle says
"Debit the receiver, Credit the giver"
Now My question is Why we are debiting the parties A/c?(as per the principle why we are not crediting the same)

Regards
Ravikumar r c
Email:ravikumarrc@gmail.com

1).what is the maximum no of directors in (p) & Public LTD Companies?
2.)my friend is an insurance agent and he is having PAN no and filing his return of income in insurance agent status and he is doing CA and he is qualified for CA but as per CA institute Rules CA should not do any other job other than CA as full time practice my question is
a) can he surrendre the PAN of insurance agent ?
b) can he apply for new PAN as a CHARTERED ACCOUNTANT ?
3).My grand father bought US-64 6.6% tax free bond in 1990 at present i afford to sell such entire bond weather there will be capital gain or not? since it is given Tax free bond.

my company is a packers and movers company. if i had collected excess service tax from the client for example as per service tax act the bill amount is 100 and service tax rate is 3.09% but i charged to client 12.36% .

so what will be the treatment of the excess charged s.t.

should i revised the bill

should i refund the excess s.t. to client

should i pay to income tax department