PARDEEP SINGH

This Query is in reference to the our Advance Licence which was issued to us on 09th September 2015.

As per the condition of this Advance Licence, first we have to import and then export to discharge its export obligation within the time frame of 90 days from the date of filing Import Bill of entry. Since it is the new business thus we had very few orders of export resulted that we could not use the advance licence for the complete first year till 9th September 2016.

Therefore we applied for the extension of this Advance Licence for another six month till 08th March 2017 and was allowed too by DGFT, as per the attached extension letter.

Now considering the future forecast of export orders, we had imported against Advance licence with the quantity of 50 MT and filed its Bill of entry on 16th January 2017.

Hence kindly advise us THE LAST DATE OF EXPORT, wherein we can discharge our export obligation, as the last date of this Advance Licence is 08th March 2017 after the above said extension.

Waiting for your earlier reply.


muralitharan
24 February 2017 at 12:19

Conveyance allowance calculation

Dear all

Please guid me for the following conveyance allowance calculation

Conveyance Allowance earning details

April. 832
May. 864
Jun. 832
Jul. 832
Aug. 8367( inclusive of arrears from april15 to jul 16)
Sep. 1664
Oct. 1728
Nov. 1664
Dec. 1728
Jan. 1664
Feb. 1664
March. 1664
Please guid me how to calculate conveyance exemption amount



Anonymous
24 February 2017 at 12:08

Itr for educational society

Hi, my client is an Educational society claiming to be trust but is not registered u/s 12A of Income tax Act. It is neither granted funds by the Government. Which ITR is to be filed ? and whether tax audit or any other audit applicable if Turnover exceeds Rs 1 Crore ?


narayana swamy jampala
24 February 2017 at 11:57

tds

interest on NBFC Already credited but TDS not deducted.Now I want to pay tds amount and getting tds refund from nbfc. then what is the journal entry.


Prasanna Desai
24 February 2017 at 11:49

Tds on payments to non residents

My client wants to pay an amount of 2500 USD for marine insurance for its vessels in India to a company based in Holland( Netharland).

The insurance is for the vessels operating in Indian waters only.

The Holland Company is of the opinion that we need not deduct TDS as they have no PE in India and it is covered by Article 4 of DTAA between Netharlands and India. We Feel that TDS will be applicable since the service is being provided in India.

we seek an expert advice from the community.



Anonymous
24 February 2017 at 11:02

How to reply to roc

How to reply to ROC for notice issued U/S 92/96/129/137 r/w 403 of the COMPANIES ACT, 2013..if company was not in operation since its incorporation and no compliances has been done after incorporation


manubhav ayachit
24 February 2017 at 10:46

CPT June 2017

i jussed passed class 11th, can I appear in CPT June 2017 exam. Regards


Vaibhav Soni
24 February 2017 at 07:13

Audit of taxi bill

How to verify a taxi bill..bill amounted 4000rupees and no service taxation is indicated in invoice..what are mandatory compliance on taxi bill?


KAPIL
24 February 2017 at 00:48

Educational institution

Sir/Madam One of my relative has opened a school for profit motive and the pan they have obtained is that of an AOP Trust but they are not registered u/s 12 of the it act... the gross receipts has exceeded 2. 5 lakhs... my question is that are they liable to get their books audited?? please provide your valuable suggestions... thank you in advance


Nitesh Kumar Sharma

is it necessary to do a single entry of employer's towards epf and pension fund contribution with salary due? entry of salary due is basic pay dr hra dr conveyance dr and all allowances given by employer debited salary payable cr esi contri. cr epf contri. cr and all deduction made by employer credited. i think this is the full fledged journal entry of salary due... but my question is ' may i book employer contribution towards epf and pension fund in journal with the above entry made by me??? if it is possible then what will be the entry??? please help me i m in confusion...





CCI Pro
Follow us


Answer Query