if we are doing business of purchasing IInd hand machinery and suppliers gave bill which have all the information wrong and we are not know this.
than in this case can we show this as an expenditure and there is liability related to us?
If on Fixed deposit slip i have mentioned Jaspal Singh Mehndiratta
And my bank account is in the name of Jaspal Singh
Legally can FD be issued ?
Under what name ?
Any RBI annexure/guideline supporting your reply.
JS
(MBA + 2nd. yr. LLB )
In manufacturing of fabric company,they purchased furniture to the extent of full amount including CST @12.5(according to MVAT)whether it is claimable.
How they should shown in accounts book regarding assets and CST??...kindly help me..sir
kindly tell me how to do audit in EJV?....
Is it mandatory to give interest on unsecured loan. If not what query income tax department can rain above the amount of unsecured standing in books.
Dear sir,
i need a clarification that,what is the accounting treatment about freight inwards.If i m showing seperate from my purchase,whether
my valuation of closing stock will reveal correct amount.I heard that freight charges should not show separately.if doing so,it will not reveal correct value of closing stock.The company is using Tally software.They made purchase as purchase a/c and freight as direct expenses.
kindly help me
We import materials (a one off transaction for eg.)with rate of goods sttled on the basis of LME of a period subsequent to the receipt of goods, where we have to make a payment based on the invoiced being recieved by us along with the goods.
When the settlement is done subsequent to the payment, there would be normally difference to paid to the supplier or to be recovered from the supplier.
How these transactions are legally allowed to be handled
I had applied for IEC code in responce to which I got following deficiency letter:
RBI Declaration / Approval for foreing director is not given.
Please tell me from where this cna be obtained ?
Is there any prescibed form in whihc we have to apply ?
What information is required to be furnished and to which authority / Office ?
Your early response will be highly appreciated since I have to submit the same before 25th Feb,2009.
Thank You,
Gajendra Metawala
Cell No 9004034545
email ID : gajenm@rediffmail.com
Dear All
My Company is advertsing Company , we are providing services . No of Employee is 18 ,
I want to know is labour ACt Is applicable ?
Under scratch & win scheme,
We are distributing scratch cards to pasengers of flight. Passenger can get the wining gift after paying Rs 500 irrespective of value of gift,value of gift may more than Rs 500 or less than Rs 500 (for example passenger can win bag, wrist watch camera or hero honda bike)
We are a trading company & have all products in our stock for normal trading except Hero Honda bike
Now query is:
1.Whether we have to deposit TDS U/s 194 B for gifting Hero Honda bike
2. whether we have to deposit TDS on products which cost more than Rs 5000
Please reply
Is it compulsory minimum salary of Rs3500 in the case of public ltd. company for every employee.
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
income tax