Hi all , Please guide me for the journal entries of Letter of Credit in books of Purchaser
1) On opening/requesting LC
2) On receiving goods
3) On payment by bank and on receiving advice
4) On payment to bank say after 90 days
Its Urgent Please…

there are four friend who want to make a partnership firm.
so please tell me what is process to creation of partnership.
whether it is necessary to registered partnership deed what is process for registration


avneesh.bibhu@gmail.com

m ca student, also working as a website developer & got registration of Service tax for opening a bank account...

in the Q-4 of FY 2013-14, i raised invs of rs 40,000/- w/o service tax
& also had charged service tax on 20,000/-

m i liable to service tax on both type of invoices since amt is less than 10Lc, and need to file st3

dear experts i have a very difficult matter actully we are construction company, recently we constructed residential complex and all sold out. we have also handle repair and maintenance of the same since last 10 months. our maintenance charge is fixed @ 2 .00 rs per sft. and also collected club chages etc. without service ptax . then my que. is that can we calculate service tax on the basis of back/ reverse method and can avail the cenvat credit ??? and can we continue apply this method before make RWA of flat owners because they have only give our maintenance chages and told us you raise bill without service tax. plz advise

I joined a firm on 1st march. but due to some circumstances I could not get the sign of my CA and so could not register within 30 days. But I myself have signed the agreement and mentioned date of agreement as 1st march on form 102 and d agreement paper.
what consequences will I have to face for late submission? my form112 submission is also pending.
I am thinking of changing the date on agreement to later date ie 5th or 10th march. can I do so or I have to fill up the form afresh?
also is it necessary to submit stamp duty receipt to institute? I believe it won't be required...
plz help

As a resident, my son booked an under construction flat. He intends to migrate and sell it later after getting possession and to repatriate the sale proceeds.
1. Has he to hold the flat for 10 years after possession as I read somewhere, or 3 years after possession or there is no restriction now; i.e. can he sell it any time, after paying applicable STCG/LTCG tax.
2. I presume the proceeds will be placed in NRO a/c. Apart from Capital Gains, is there any other tax further payable before actual repatriation such as a withholding tax of 30.09 % etc., as other writers merely refer to other applicable taxes? What other taxes?.
3. Is the present yearly property sale repatriation limit $1 million or $75000?

Thanks
DC Bhargava

query on tds on commission income.:-

If an assesse is senior citizen(female)& she is sub broker of trading member (Equity & commodities market)& her income is non taxable as per limit under income tax rules. she had also submitted the 15H form to the company(trading member). therefore in this case if any brokerage or commission income earned by her threw company, then will company deduct the tds on that brokerage/commission or not & why?

Kindly please resolve the query
Thanks

Rishabh

I am based Delhi,I have a supplier in Gujarat, I get stocks by c form and I am reselling to other states .

Now I want to change my base to Gujarat to logistics benifits.

If my suppliers bills me locally by vat and I resell to other states i have a additional cost of vat in Gujarat .

Is there any other way I can get billed other than VAT.

Good evening to all,

Here is a query regarding the gift amount received by relatives :

Q.1 : what is the maximum amount of gift can father can gift to his / her son daughter? weather the amount of gift received by his son/daughter is taxable for them or not?

Q.2 : If my Father, mother ,grand mother, elder brother , younger sister(married/unmarried)wants to gift Rs. 100000/ each to me. Weather I am eligible to receive the gift from them & upto what maximum limit? Weather this gift income is taxable for me or not?

Kindly please resolve the query at the earliest for which I will be vary thankful.
Regards
Rishabh Agrwal.

I am facing problem in filing ITRs f my clients as they are unaware of their income tax login password.
Is their any way to reset income tax password on alternate email id other than the registered e mail id, as my clients did not register them on income tax earlier!!!!

Please help!!