Is voucher and bill the same?

Should i attach the print out of the entry passed by me in an accounting software say tally, and attache it to the bills.

Or bills itself is a voucher?

Thanks in advance

Jaison

hello experts,

can you plz tell me that what period did icai take to declare cpt online exams results??????

WE HAVE TAKEN BUYERS CREDIT AGAINST IMPORT FROM BANK OF INDIA,SANFRANCISCO AGENCY(USA)VALUING USD 44135.39.AFTER 120DAYS WE HAVE TO REIMBURSE THE SAME AMOUNT ALONG WITH INTEREST I.E USD 496.44.
MY QUESTION IS:
1)IS THE INTEREST REMITTANCE ATTRACTS TDS @10%.IF SO, UNDER WHICH CLAUSE OF DTAA IT IS APPLICABLE?

2)ANY INDIAN FINANCIAL INSTITUTION/BANK WHO LENDS FROM HIS OVERSEAS BRANCH AND EARN INTEREST ON ITS PRINCIPLE,IS IT TAXABLE IN INDIA?PLEASE CLARIFY.

Query : Public Company - Directors without Salary / Remuneration -

ABC Limited has three directors on its role.

Since the inception, no director is paid any sitting fees / salary / remuneration till date.

All the three directors are relatives only. Two are Promoters - Non-Executive Directors and One is Independent – Non-Executive Director.

Whether the company is in compliance with the provisions in respect of remuneration to directors.

Please clarify on the matter.

If one private limited company gives corporate gurantee for Bank Loan taken by its other Group Company, then whether it is necessary to intimate or register this guarantee given to the other company by way of e-Form 8 ??

Remark :- The company who is giving guarantee has already taken loans for own by mortgaging & hypothecation of assets.

Hello
i have a querry regarding applicability of CARO. Situation is ...........
A Pvt. Ltd Company engaging in Real Estate business with authorised capital of Rs. 25 Lacs, during the year, the company did not take any transaction and not taken any bank laon. the company accepted only deposits from the relatives of the directors.

my question is that whether CARO is applicable on this company or not.

Thanking you,
Amit Bansal
caamitbansal2007@gmail.com

Dear sir,

There is a Term loan of Rs. 1 crore taken from a bank dated 04/07/2007 for the trust.
The bank has not given credit to our Trust Account.

The loan has already been utilised for the purpose of purchase of land and paid in the form DD for full amount.

The loan has been not reflected in the books of account for the FY 07-08 onwards till the FY 09-10.
What is the accounting treatment to be given in the books due to error of omission?

pls guide in this regard at the earliest.

with regards,

R. Gurucharan.

Hi I am CA Final student, My Attempt is May 2010. When will be new books of Indirect Tax available in the market. should i refer Nov 09 book for Indirect Taxes, Plz Guide me in this regerd
Thanks....

Esteemed experts pls answer this:

A private co is incorporated in india having 3 foreign directors and 2 foreign co's as shareholder.
Company was incorporated in the month of april 2009.
Such indian co has not till date issued any share cert to those subscriber foreign co's till date.
Now in the month of august 2009 such foreign directors came in india.

My query is :

Can we now issue share certs to those subscribers after a gap of 4.5 months since incorporation of the company?

is there any contravention of issue of share cert rules because rules specifies issue of share cert within 90 days of allotment.

Moreeover we cant allot share cert outside india because we cant move common seal out of india and issue of share cert is not valid without common seal.

Also mention what will be the date coming on the share cert :

1. is that the date of allotment OR

2. is that the date of signing of share cert by director and autho signatory OR

3. is that the date of incorporation of the company OR

4. is that the date on which directors are authorised to sign the share cert vide board resolution.


Best Regards

NEHA JAIN

my client Mr.X [an individual] has -2- business:
1. production of cloth [proprietary concern] - turnover p.a. rs.35 lakhs.
2. truck hiring business [proprietary concern] - presumptive taxation optrion availed - turnover p.a. rs.10 lakhs.

now as on 31-03-2009, for computation of audit limit u/s. 44AB business no.2 will be considered?
will x be subject to audit for AY 2009-10?