1).my friend left to USA in December 2008 and he becomes Resident in India
2).He is drawing tax free salary in USA as crew member (comes under category of seaman and exempted from income tax in USA)
3).Is he liable to Income Tax in India for AY 2009-10, and how?
Dear Sirs,
Pls tell me what kind of Precautions we have to take for Graphic & Printing (Printing Press) Business in GVAT ?
Pls tell why in GVAT 4% is on Grahpics & Printing Business ?
Are they can collect 4% VAT from Retail Invoice or not in GVAT ?
Most important :-
If they can take Lumpsum Payment option or they must have to take Regular VAT System bcs of this business called as Manufacturing Unit ?
Pls Help me sir urgently
Thanks for your reply in advance
I m facing problem in Income Tax calculation. i.e.
1. I had 5 Cows during a FY 1 cow die & there increase 4 Cows. will that 4 cows by Income? can I claim loss of Cow? if y How Much? if i had insured that cow How much amt. should I claim from the insurance company?
2. If one cow is pregnant on end of FY. should I treat it as WIP. If Yes, HOw I calculate it??
3. If One of my cow give birth to two calves one male, one female. Can I treat it as Asset, if Yes Calculation???? Is it profit????
N tell me how to account??
I am a student of CA Final old syllabus.I could not clear the June 2009 exam.Do I have to give the Nov 09 attempt by New syllabus?
If yes, can I get exact details of syllabus from conformed sources?
A private limited company is having four share holders . Among them two are directors. Both the directors died in an accident. How to file e-form-32 and regularize the affairs of the company after the death.
Dear sirs,
Pls tell/guide me on Interest on Unsecured loan means? which loan is called Unsecured loan ? who needs to take this type of loan ? while Create a new business we need some capital to start it, so we collect it from friends,relative and others who is near to us.if this capital called unsecured loan ?
and also pls tell me if their is change in this when Business is Propritership or Partnership.
Pls guide in this matter and additional to it if i missed to ask.
help me urgently
Thanks for your help in advance
Dear Sir,
I have following query:
I have adopted audited annual accounts in the board meeting of June 2009 and not adopted Notice and Directors report for some reasons. Now in the board meeting of August 2009 I would like to adopt Notice and Directors report . Can I do so?
Please guide and oblige.
Regards,
Vijay
Facts: A company (100% EOU)exports software services to foreign clients.
As per rule 4 of export of service rules 2005, the company does not pay service tax on the export of services.
As there is no output service tax "cenvat credit" on the services utilised is not taken to current assets in the balance sheet. Instead it is charged to the profit and loss account
Now the question is: For claiming the refund of service tax on input services from the department IS IT NECESSARY THAT CENVAT CREDIT ACCOUNT HAS TO BE SHOWN IN THE BALANCE SHEET. In any case, the company would be submitting the export invoices, FIRCs, bankers certificate and vendors bills like courier, audit fees, to the department for claiming the refund of service tax on input services.
Kindly clarify the doubt
hi..As section 198,309 and Schedule XIII place some limit on the remuneration of Whole time director of a public company, is there any restriction or limitation as such in case of whole time director of a private company being newly appointed..
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
tax free salary in USA ,will it be taxable here(in INDIA)?