CAN ANYONE TOLD ME HOW CAN I TRANSFER LEDGERS FROM TALLY TO EXCEL INCLUDING ADDRESS, PAN, TELEPHONE ETC.

The Company has received Rs. 20 crore against fixed asset as Rs. 10 crore, Rs. 5 crore against the inventory and 5 crore against operating expenses. The Compensation was paid against non perfromance of certain activities for which the above assets we purchased and expenses were incured. The assets and inventory and assets is still with the company and the compensation doesnot include the transfer of the assets.The agreement is the compensation agreement and the company has not to pay any of the amount again in the future.

Please guide on the issue of accounting treatment of the same asap. Please guide me even to any guidance from ICAI regaridng the same

Client is IR (Indians representative) of a cruise company. Cruise co. is not having permanent establishment in India. Clint is booking cruises in India getting payment in Indian as well as Foreign currency. Cruises are not entering in Indian Territory. IR is raising bills & getting commission for services provided in India for cruise booking. He is not charging and paying any service tax on commission income. Whether services are covered under service tax Act and attract service tax provision.
I am enclosing here with the view of one consultant, please advice.
Here Intimidatory means other travel Agents booking on behalf of IR and getting commission from IR. No service tax is being paid/ charged by them also.


1. That your trade is cover under section 65 (105) (zzzv) which state as under:
“Taxable services means any services provided or to be provided to any person, in relation to transport of such person embarking from any port pr other port in India, by a cruise ship.”
2. Secondly, accordingly to sec. 65A classification of taxable services are well defined and trade is undisputedly fully covered by sec. 65(105) (zzzv). Hence, no other clause of section 65 (105) is applicable to your trade. Consequently Business Auxiliary Services, Tour Operators services etc are not applicable to your trade.
3. Service Tax is payable to the government by the service provider and the service provider has the authority to collect the same from the service consumer. In your case as the service provider is (having no permanent establishment in India) and as none of the consumers are covered by the conditions of section 66A read with rule 2(1)(d)(iv) of Service Tax Rules and as the service is consumed outside India no service tax is payable in India as the Service Tax Act applies to service consumed in India or are exported out of India.
Keeping in view the facts of your case, I am of the opinion that neither assessee nor any other Intimidatory is a service provider hence no service tax is payable on services rendered by you or to you.



SUNIL GUPTA

Plzzzz....Guide me.....Whether Hire charges of machinery and Equipments for the purpose of construction should be capitalized or not?

Please let me know what one means when he/she says "Balance Sheet Account reconciliations" are to be done?

We are a corporate running office in Sub-leased property at Bangalore. I have the following query with related to service tax as follows:

1. Are we liable to reimburse service tax to principal lessee? Notn.no ?

2. Are service tax is payable by both Principal Lessee and landlord? In this case it will be double payment for the same property. right?

Hai to all,

The company has paid RS 50,000 for drafting and modification of share agreement.Should it capitalise or charge to revenue?

Holding Co is preparing accounts in USD and Subsidiary is preparing accounts in Euro. The subsidiary have borrowed USD 70 Million Loan from HSBC and they have recored in their books considering the exchange rate on transaction which is amounting to 69.8 million. While consolidating the accounts, What is the amount to be considered in the consolidated accounts. Can we take directly USD 70 million or as usual convert Euro 69.8(as in the books of subsidiary)as on year end.

hi everyone.... am doin my CA finals. Am interested in NCFM modules. Does it have a good scope while applying for a job? Does it have value only if we finish all the modules or from the 1st module itself it increases the scope??? do we hav to take the permission from the institute before goin for those modules?

Recentlly I came accross an job vacancy advertisment for the post of Accounts Manager which wanted the candidate to do "flux analysis" along with taking up other responsibilities .

Please let me know what is Flux analysis.

Thanks.