Hello Sir
We are an pvt ltd company in building construction trade.can u plz clear a query.....?
Our company is taking over a partnership firm of the same trade,after the takeover completes will our pvt ltd firm will be able to use the old credentials of the partnership firm.Credentials here means all the past work completion certificates issued to the partnership firm by the various departments where it worked earlier.
if not so,is there any way by which the pvt ltd company will be able to use the old credentials

Dear colleagues : Please favor me with your professional replies to the following query:
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We are a small Pvt. Ltd. manufacturing Company. We have taken foreign currency loan in US $. Part of the loan is for purchasing capital assets & part is for working capital.
For the purpose of Balancesheet as on 31-3-2008, the outstanding loan amount is converted into Indian Rupees at the rate prevailing on that date. This has resulted in NOTIONAL exchange gain as the Rupee was appreciated vis-à-vis $. (i.e. the outstanding loan liability in terms of INRs is reduced).

Please advise whether income tax is payable for F Y 2007-08 on this NOTIONAL exchange gain. If yes, please inform:

(i) the relevant Section/Rule/Notification reference,
(ii) the tax implications, in case the Rupee depreciates subsequently as compared to 31-3-2008 at the time of making the actual repayment of installments & the actual amount repaid in FY 2008-09 is MORE than its relevant balancesheet amount.


Thanks & regards

Vishwas

It is proposed to introduce GST in 2010.
My question is
1 Will it impact the import into India,if so how?
2 How will GST affect the exports which are presently exempt from all types of taxes/duties ie excise,sales tax etc.
3 Is it confirmed that GST will definitely be implemented by 2010.
Thanks
J Kumar

Dear Sir,


With reference to above subject I have invested in NSC. Interst on NSC is taxable or not ?

With best regards,


Vilas Choudhari

Dear Sir,


I am working as a Accounts Manager in Pvt. Ltd. Company I want start Budgeting

How I start Budgeting ?

With best regards,



Vilas Choudhari

I have just started exploring Tally to maintain my Proprietorship book of accounts. Can someone help me with how to account for the capital I bring into this business. What ledgers should I create and which vouchers should I use to post the amounts to bank/cash and proprietors capital account?
Regards

What is the long form of E. & O. E.?

Sir,

Pls tell me with example what is the Difference between Turnover and Sales?

What nis the long form of BSR codes ?
Expalin it in detail?

ur factory buys & uses a component for production at rs. 10 per piece. Annual requirement is 2000 mos.
Carrying cost of inventory is 10percent p. a. & ordering cost is rs. 40 per order. Purchase manager argues that as ordering cost is very high, its advantage to place a single order for entire annual requirement. he also says that if we order 2000 at a time we can get a 3 percent discount from the supplier. Evaluate this proposal & make ur recoomendation?