Can some one please let me know the procedure for transferring the funds out of country by an expatriat at the time of leaving the country .

In this case the person is a United Nations International employee (at present serving in India and he is moving out of India as he has shifted job and joined another UN agency.

He wants to close his INR account here in which he was receiving part of his salary and transfer all his funds to his account in Canada(He is a canadian national. Under the UN immunities & preventions act he is not required to pay any tax but what are the formalities to transfer the money to his canadian account?

Thank You

Are there any statutory requirements which a company shd consider while its employee submits Rent Slips for claiming HRA exemption?

A company does not pay advance tax in time and at year end pays the whole amt in single payment and calculates the intt due for delayed deposit and makes appropriate provision for same. The tax due has been deposited but the intt amt has not been deposited yet. Now, will there be calculated Intt on Intt due to be deposited or there is no such requirement under IT rules?

By what period an ITO can do the assessment of the Fring Benifit tax of an assessee?

Suppose a company deposited FBT lesser than by some amt due to wrong calculation and also filed wrong details while filing FBT return. Its now more than 2 yrs now. Can the ITO still call for books of A/cs and do assessment?

Will this time period of assessment also have impact upon Intt any due on assesse for delayed deposit of FBT two years back. Can he be called now to deposit Intt or not?

An assessee wrongly deposited TAX for himself but while rechecking he founds that his income was not liable to tax and no tax was required to be deposited by him. He has not filed any ITR then and due date has also lapsed. What can be the consequences now or can he get his money refunded?

Shoule A small trader (not required under IT rules to compulsorily maintain books of A/cs) also depriciate his Assets at rates prescribed under IT Act while calculating his net income from business?

Hi

1.I just want to know can a PE-2 Student (JOINED BASED ON GRADUATION)can convert to PCC after this June 09 attempt ..

2. Should we register along with Articalship

3. If yes to 2 above, How long will be the articalship period. when will be the final due.

4. I have completed GR-2 in PE2 also done with 100 hr of ITT.

5. If we have to covert into IPCC , since i have completed GR-2 do i need to write Only 3 papers ...

Please reply ... and Help me

Thanks in advance.

Can anyone tell me is there any notification for the above problem give in ICAI web site. or a contact number where i can get proper info.

Thanks a lot

Hi
A public ltd co has made 100% investment in a private limited company. As of today the private limited company has not yet started the commercial production. The private limited co has only cash as it's assets and miscellaneous expenses to be written off. As of today how would the investment would be valued. Is there any deminition in the value of investment.

Regards

Can shareholders of pvt ltd company transfer it`s holding to anothers ?

Hi,
A company imports a Fixed Asset for say 10000 USD in Oct 08 and books the asset @50/USD. Payment is not made till 31st Mar 09 while the exchange rate goes up to Rs 51/USD. Now,
a) Shd the company increase the cost of Asset in Books from 500000 to 510000 or diff or Rs 10000 be charged to P&L A/c as Forex Loss?
b) If charged as Forex Loss, will it be an allowable exp under Income Tax Act for books closing on 31Mar 09?
c) Suppose, Payment is made in June 09 at the conversion rate of 50.5/USD, what will be the treatment in books now? Will diff be reduced from asset cost again or will it be credited to P&L A/c.
d) Dep will be charged on which value for 2008-09 & 2009-10?

Pls keep the Query OPEN after your replies to let other experts insert their views also.