Guest
09 March 2013 at 22:25

Restructuring of advances

Can any Advance be classified as Standard upon restructuring ?

I am asking this because i read
when a standard asset is reconstructed it is classified as sub standard
when a substandard and doubtful assets are reconstructed they would continue to have the same asset classification
Loss assets cannot be restructured then
how can any Advance be classified as Standard upon restructuring ?


gautam
09 March 2013 at 21:42

Payment to directors

i have formed a pvt.ltd co. this year with a paid up capital of rs.500000. i want to know is there any provision regarding amount to be paid to directos. i am willing to pay my two directors rs.20000 each, can i do so



Anonymous
09 March 2013 at 21:22

Mrp base valuation & invoicing

In present budget 2013
MRP based valuation for pharma - Ayurvedic product is applied with 35% abatement.
For eg MRP Rs.100/- now valuation is Rs.100-35= 65/- per pack for excise clearance.

In above case manufacturer " A" mfg at full rate by SSI unit at Rs.10/- (with MRP Rs.100/-) and same is given to "B" at Rs.10/-by manufacture "A", who sold at Rs.100/- by "B".

Now at what rate "A" continue to invoice at Rs.10/- or Rs.65/- to "B" w.e.f 1.3.2013. or at what excise invoice is to be prepared at Rs.65/- or Rs.10/-

Pls advice.

Suhas




Anonymous

Is there any other item which is exempted from service tax in case of goods transported by road:
(a) fruits, vegetables, eggs, milk, food grains or pulses in a goods carriage;
(b) goods where gross amount charged for the transportation of goods on a consignment transported in a single goods carriage does not exceed one thousand five hundred rupees; or
(c) goods, where gross amount charged for transportation of all such goods for a single consignee in the goods carriage does not exceed rupees seven hundred fifty;


sahil mahajan
09 March 2013 at 20:44

Huf

An assese creates Huf & he requires 10 lacs capital. how he arrange funds through gift from relatives . defination of RELATIVES for HUF.


sahil mahajan
09 March 2013 at 20:39

Shares

how the future contracts(derivative Market) are taxable


purvi shrma
09 March 2013 at 19:54

C.o.p

could anyone please tell me that whether i will be allowed to have full time certificate of practice if i apply for it ...but currently i m engaged as a lecturer in a college on full time but on contractual basis.

though i have applied form 2 for membership but now how to apply for full time c.o.p and want to know whether the institute will allow me to have engaged as lecturer on full time basis and also provide me C.o.p.

whether i would be able to do attest function as i m engaged as a lecturer on full time basis( exactly 4.30 hours )but on contractual.

would it make any difference if it is part time.. ?


raju
09 March 2013 at 19:50

Karnataka vat 100

we have purchased inter state fixed asset for cst 2%
which column we have to show in vat 100 in purchases

and fixed assest purchased without c form
which column we have to show in vat 100 in purchases

and local purchases of fixed assets
which column we have to show in vat 100 in purchases



Anonymous
09 March 2013 at 19:50

Termination

sir,
i want to get termination from my employer ,if i join in the organisation which is not far as 50 kms specofied in ca rules what can i do in that situation


Indudhar

Hello Friends;

A grandfather is having funds in the firm and is willing to give gift to his grandsons HUF.

Is such gift exempt?

plz guide me..






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