Dear sir.
Our company purchases raw material from supplier. In that invoice the supplier mention insurance cost which shows separately from the basic material cost . my questions is the insurance cost should be treated as direct or indirect cost.

Please tell the accounting head and journal entries.

My father is suffering from Chronic Renal failure, and he do not have any Medical insurance and no source of income too. Can I claim the treatment expense under section 80DDB.? what will be the procedure?

Dear Expert,
My name is Upendra, I'm a Mechanical Engineer & I have done MBA in operations management (distance learning) from SMU.

Presently I'm working with Pvt. Ltd. Company in Gurgaon in Procurement Department and I have 11 years of Experience.

My question is,
Can ICWAI course done thru Distance learning?
If yes, So is it good choice?
if yes, so how can i apply?
what is course duration?
what is fees?

the purpose of this course to enhance my costing...
rest I'll add after your valuable comments.

tnx
upen

Seetharaman Sir,
I am a sebi registered sub-broker in the share market. I have registered for GST. I understand that if the turnover is more than Rs. 2 crore, one has to get the books audited for GST . For a sub-broker, how to calculate the turnover?
1) I am only earning brokerage from my main broker, for the transactions I do on behalf of my clients.
2) For me, as a sub-broker, is my brokerage my turnover?
3) If not, is the vale of the transaction carried out on behalf of the client, my turnover?
Kindly guide me.

Initmation letter for default and pan errors for processing regular statements under section 200 A is sent . All the TDS have been paid in earlier years but still it is showing default.It is paid through respected challans correctly.The challans have been attached and sent the response to ITD . But still it is showing default and pan errors.Please let me know the solution.

Hi, My Company has 4 director out of which Director KYC of 2 Directors are not completed till date. So i can,t File Annual Compliance. Director KYC documents will be received after a month. So please guide me how cant i file my MGT-7 and AOC 4.?

In my view there should be other way to file compliances..its not a fault a Company.

can we avail credit on purchase of artifical flower bouquet.

Hi SIR,

Since last 20 days i am struggling to create log in ID in ICAI website which is necessary to apply COP in Online. while trying to create log in ID , it shows error that my email address and phone number has not been updated. even though my both email id and phone number is available in my profile . ( which i could see members Identity tracker).

Please also note that request to update my both email address and phone number has been sent twice through post to Institute ( Chennai address).

Even after several follow up with SSP Support , my issue has not been resolved yet.

Could you please anyone can suggest me to whom i should reach so, that they could fix my issue.

Thanks
CA Pramod Sahoo
mem no 308804

What is meant by composition scheme in GST?

We are making payment form India Pvt. company to a company registered in USA toward Professional fees for services rendered by them to us in India. The foreign company do not have any place of business in India & also it do not have PAN in India.
**TDS should be deducted at what rate for payment of professional fees to such foreign company registered in USA**