Basic formula of caculating re-order level is

re-order level=maximum consumption*maximum
re-order period


but i ve come across one more formula i.e.


re-order level=minimum stock+(normal usage*
normal delivery time)

wht is the difference between these two formulae? and why are we suppose to add min stock in the 2nd formula ????

What is a Social Security agreement?
and its concepts in International Taxation?
Please tell me entire details of Social Security Agreement..

I am working in a Noida based MNC Company as a assistant Finance manager,
My Comapny have received an order from our related party in USA and we have to supply goods to BHEL Gujrat,
we have also receved payment in foreign currency,
As per our dispatch instruction we have to directly supply goods to BHEL in Gujrat,

kindly let me know whether this transaction is possible as per FEMA rules since no bill of lading shall be prepared when we supply goods to BHEl in Guhrat and also let me know how BHEL will make payment to my related party in USA since no bill of entry is being filed.

DEAR EXPERTS,
I HAVE RENTED MY ONE OF RESIDENTIAL HOUSE PROPERTY TO PVT LTD COMPANY FOR USE AS PURPOSE OF RESIDENTIAL FOR ONE OF ITS DIRECTOR.

MY QUERY IS THAT
1) IS SERVICE TAX APPLICABLE ON ABOVE TRANSACTION I.E. SHOULD I COLLECT SERVICE TAX FROM THE COMPANY

THANKS IN ADVANCE

Dear Sir / Madam, i am a ca final student with attempt in May nxt year, rite now am studng the Co Act , but with recent Co. bill which shall overwrite the act, will the latter be applicable for our attampt

Since, ICAI had imposed a restriction on the number of audits conucted by a Chartered Accountant under section 44AB, by imposing a ceiling of 45 on it.

My query is whether those assessees whose turnover do not exceed the limit speciefied , ex, for the current year limit of Rs. 1 crore for compulsory audit of accounts under section 44AB,

then will the audit of such assessees conducted by a chertered accountant be counted while calculating the limit of 45 imposed by ICAI?

I am a dealer of a mobile company. According to company's instructions I pass on schemes to retailers ( free recharge coupons on certain purchase of coupons by retailers). The ITO disallowing my above expenditure debited to P/L account on the ground that TDS has not been deducted on the cost of said free coupons since this expenditure is nothing but commission paid. Is the ITO right? If no please guide me and give me some case law.

Since, ICAI had imposed a restriction on the number of audits conucted by a Chartered Accountant under section 44AB, by imposing a ceiling of 45 on it.

My query is whether those assessees whose turnover do not exceed the limit speciefied , ex, for the current year limit of Rs. 1 crore for compulsory audit of accounts under section 44AB,

then will the audit of such assessees conducted by a chertered accountant be counted while calculating the limit of 45 imposed by ICAI?

Since, ICAI had imposed a restriction on the number of audits conucted by a Chartered Accountant under section 44AB, by imposing a ceiling of 45 on it.

My query is whether those assessees whose turnover do not exceed the limit speciefied , ex, for the current year limit of Rs. 1 crore for compulsory audit of accounts under section 44AB,

then will the audit of such assessees conducted by a chertered accountant be counted while calculating the limit of 45 imposed by ICAI?

sir, a service provider collects bio medical waste from hospitals for a charge and disposes them off as per pollution control guidelines. now, please clarify whether such activity is liable to service tax, particularly after the introduction of negative list from 1.7.2012