yogesh bhanushali
23 February 2008 at 17:57

Double taxation

Can any one solve the following


I am an employee of an Company in Singapore & deputed in Mumbai for project related work.My company is not registered in India and is registered in Singapore. I don't get any salary nor any allowances in India from Mumbai office. I get my salary in Singapore $ and is credited in my Singapore bank account, which i remit to India online as per need. My Salary Details are as follows.

My Basic Salary : 1500 Singapore $
Allowances anywhere in the world : 250 Singapore $

Total 1750 Singapore $.

In case of any further details needed please let me know.



Regards


yogesh


vedha
23 February 2008 at 16:42

COACHING CLASSES & GUIDANCE

HI,

1.CAN ANY ONE SUGGEST ME ABT COCACHING CLASSES IN BANGALORE FOR PCC. I AM ELIGBLE TO APPEAR FOR NOV-2009 EXAM.
SO, WHEN I SHOULD JOIN THE COCACHING CLASSES.

2.GIVE ME GUIDANCE HOW TO PREPARE FOR PCC.


V S A PRASAD

M/s.XYZ of Vizag buys goods from M/s.ABC Ltd of Chennai.
Can M/s. XYZ deposit cash in the bank account of M/s. ABC directly ?
Will the above cash payment attracts the provsions of Section 40(A)(3) of the Income tax Act?
Plase clarify.


PRASAD


sushil tagaliya
23 February 2008 at 14:21

Delhi VAT

sir
please answer my quarie that
when a contractor get a contract out side delhi whether that will be consider as inter state sale in respect of the goods involved for excution of the contract and the WCT deducted by the party is adjustable against Vat & CST


CA Navin Sharma

Dear Friends
Whether leave allowed by the institute during the articleship period is paid leave or without paid leave.
Please give reference also.

Thanks


sarithareddy
23 February 2008 at 14:13

mortgage of property

hello,



can any one tell me - whether agreement to mortgage the property ,does it amounts to creation of mortgage and can such property be considered as secured asset and can a bank proceed against such property under Securitisation Act, 2002.


waiting for reply as early as possible.




saritha


CA Saurabh Maheshwari
23 February 2008 at 13:50

CAREER OPTION

SIR BUT IWANT TO CLARIFY THAT MY COMPANY IS MEMBER OF BSE,NSE,NCDEX ONLY ,IT IS NO WAY CONCERNED TO FOREX AND I DISCUSSED WITH THE PERSON WHO IS HANDLING THE SAME POSITION RIGHT NOW AND CAME TO CONCLUSION THAT THIS DUTY REQUIRES THE DISCUSSION AND REPLIES WITH EXCHANGES, TO HANDLE THE FILING SYSTEM WHICH COMES FROM EXCHANGE, AUCTION ENTRIES ,BASICALLY ITS TO MAINTENANCE OF PROPER FILES AND SENDINF OF FILES TO VARIOUS BRANCHES,TO HANDLE THAT WHETHER THE TRANSACTION TOOK PLACE TO CORRECT ID .THERE IS NO RELATION WITH FOREX IN MY COMPANY.SECONDLY MY FATHER IS PRACTISING CHARTERED ACCOUNTANT AND I THINK THAT BY GOING INTO FINANCIAL ACCOUNTING I CAN EVEN IN LONG RUN CONTINUE WITH PRACTICE.PLEASE COMMENT


s.lohani
23 February 2008 at 12:18

CA and mba

Can a CA who has not done graduation (ie bcom,bba,etc) be eligible to join MBA (like IIM(CAT),symbiosis, foreign universities(GMAT))?//??


S Venkatesh

Dear Members,

I have a query.

The query is as follows:

Many well known companies (E.g Tata Steel Ltd - Schedule 3: Interest (Page No 124 of the Annual report for the year ended 31.3.2007) in their Schedules forming part of the accounts show Interest paid Less Interest Received. Does this practice conform to Schedule VI to the Companies Act 1956? Or if ICAI has recommended this practice in any of its publications, if so where? ROC's are also raising this question?

Learned Club Members are requested to enlighten me on this practice.

S Venkatesh


Sarvesh Mani Tiwari,CFA(ICFAI)
23 February 2008 at 11:26

Driver Allowance & Petrol Allowance

Is Driver Allowance & Petrol Allowance provided by the employer to employye is dedutable U/s 10(14)from Salary






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