Hello sir,

Suppose a company has taken loan of Rs.3600000,

[A] co. receive Rs. 3400000 through bank:

Bank Dr. 3400000
To Bank loan 3400000

[B] Advance EMI Deducted by bank

Bank loan A/c Dr. 150000
To Bank Loan 150000


[C] Stamp duty[expense of company] directly paid by bank

Stamp Duty Dr. 50000
To Bank loan 50000

Bank Loan Dr. 50000
To ?????? 50000

Now which account should i credit to settle loan account ??

thanx.

Dear sir / madam,

I have only income from derivatives segment, option segment. As per income tax act income from derivatives segment is a business income.

I want to know how to show this income in ITR4 in profit and loss schedule. whether to show as other income because we cannot show this under sale / receipt column.

One more thing can I show net of expenses. (Stt, telephone, misc exp. ).

pls advice. Thanks

is there any short term certificate course which can be done along with articleship...??

sir,
When do we have to register for C.A final in order to get TAX books applicable for 2015 may exam?

HELLO SIR,
I AM GIVING LOAN TO A PERSON WHO IS A FRIEND TO ME, BUT I WANT TO ENSURE THAT THERE IS NO COMPLICATION AT THE TIME OF DISCHARGE HENCE I NEED TO KNOW THE DOCUMENTS WHICH I SHOULD GET SIGNED BY HIM OR ANY OTHER INFORMATION WHICH I SHOULD ASK FROM HIM.THE AMOUNT OF LOAN IS 2LAKHS. PLEASE SUGGEST AS SOON AS POSSIBLE.
THANK YOU SO MUCH.

REGARDS.

Can Client file VCES declaration if he has received communication from Superitendent Service Tax for Scrutiny in July 2012 for the year from 09-10 to 11-12 and no reply\submission made and matter is pending as on 01.03.2013. Will the matter come within scope of Section 106 (2)(a)(iii) ? Please advice.

Sir,
One of my friend is working outside india. but he is working in indian origin company having its Head Office in india. Salary is deposited in his account in india. My question is that He has worked outside india more than 182 days. Can he claim his salary income as income earned outside india. Can he enjoy NRI status

is "FLAT BOOKING" to be considered as an asset u/s 2(ea) of wealth tax act 1957?

Pls provide me specimen of notice, board resolution and all required details for removal of auditors u/s 284

Dear Sir,
We are merchant exporters located in Jamnagar-Gujarat. We recently purchased PTFE soft strips (One type of gasket used in petroleum industries)from one of seller at Mumbai-Maharashtra and exported to Saudi Arabia through TNT express cargo.The seller charged 12.5 % VAT as per Maharashtra Govt. taxation rules and we paid too, as we were in hurry to export the consignment.Since our company registered in Gujarat and the seller is in Maharashtra,he should charge 2% CST against C form/H form, he did not agreed and argued that since you are taking ex-work delivery of the material, not crossing Maharashtra state border,you have to pay full VAT as per Maharashtra Govt. rules.We had to agree as consignment was very urgent. Now we want to know procedure for refund from Maharashtra Govt. sale tax dept.(If any)
Regards,
Kantibhai