Dear Sir,

We have a bank guarantee from our bank and which we provide to our supplier and purchase material from the supplier against this BG.

and supplier charged to interest on BG limit

so my question is hear " Bank Guarantee interest Paid to our supplier Will Attract TDS ?

Amount of interest monthly appx 1.00 lakh.

Thank you
Kindly guide us.

☰ Home Experts Students FM - Problem on Working Capital venkatraj.c 09 December 2008 The following data relating to a consumer goods manufacturing firm is available for the year ended 31st MArch. No of days R.M. in storage - 30days, debtors collection Period - 30days , COnversion Process Period- 12 days, Finished Goods Storage Period - 45 days, Average Credit Period from suppliers - 50 days, Advance payment to Creditors - 5 days, Total Cash Opertaing Expenses per annum - 600 days, 60% of the TOTAL Cash Operating Expenses are due to RAW MAterial. Required : 1) Determine the average Cash Working Capital needed by the firm at any Point of time during the year assuming that the firm wants to carry a cash balance of Rs. 10 Lakhs at all the time. 2) Compute the working Capital Turnover Rate for the Year. Pls solve me the prblem with required Notes regards Abhi

Dear Sir

We have to write off the realisation of export proceeds for which we need to submit CA certificate to AD bank. I am unable to find right format online. Can someone here help me with exact format.

Thanks & regards

Mansi
NRE

Dear Sir/Madam,

Good Afternoon!

Please Share Accounting Entry For Below Transaction.

We Have Export Plastic Recycling Machine Blades As Sample (Not Sale). Now We Have Send Material By Air And We Have Issue Invoice With Regular Sales Invoice number Invoice Value Is 250USD And INR 18,263.00.

So my Question Is How Can I Am Pass This Sales Entry (Because Its A Sample Material) And Also Can I Show This Transaction In GST.

Dear Expert,

My client is failed to file the nil liability of Gst return from July 2020 to till the date . while filling the return on 01-06-2021, Rs.5080 is interest appear in only July 2020 return.
My question is whether the amnesty scheme will be applicable for us or not
Kindly guide us .
Thanking you
Prem Chandra Thakur

Is Section 44AD (Presumptive Taxation Scheme) applicable to full time traders involved in the trading of Futures & Options?

Respected experts,
I have EPF A/C which was started in the year 2018. And my employer deposited epf amount in EPF A/C in the March 2020 last time as lost the job due to COVID-19. After that i am doing temporary job . Kindly let me know should i withdraw such amount or keep it like that ?
Thanks in advance.

In the case of a joint account with 2 holders where interest exceeds 10000 in a Financial year, how does one show the interest in income tax returns?

I read somewhere that it must be logically the first account holders.

A/C Type is: Either or Survivor

Since TDS is not deducted in the case of Savings Bank Interest, can one show it in the name of the second account holder (if funds actually belong to that person)?

Respected Experts,
I am cs professional qualified and doing my practical training under a PCS firm in Hyderabad. Along with corporate laws i am interested to make my command on taxation part so that i can do practice in it also. Kindly guide me in this regard.
Are the Certificate courses conducted by ICSI beneficial such as certificate course in GST, FEMA etc., in such courses do they also tell how to file different forms under GST , FEMA ?
Kindly let me know thanks.

Can partners get int on capital at different rates - assume 2 partners
Like one at 12%
Another at 6%

The deed says int on capital is paid as per provisons of income tax act