FOREIGN BRANCH
This query is : Resolved
12 September 2009
HI I AM ANIL FROM TRAVEL DESIGNER.
WE HAVE OPENED A BRANCH IN DUBAI FOR OUR BANKING PERPOS. TOTAL OPERATION DONE FROM AHMEDABAD. WE HAVE OPENED A BANK ACCOUNT IN DUBAI STAN CHARTERED. WE HAVE BALANCE IN DUBAI ACCOUNT. WE HAVE SORTAGE OF CASH FLOW IN AHMEDBAD. IN THIS CONDITION CAN I MAKE THE PAYMENT OF INDIA OFFICE FROM DUBAI BANK ACCOUNT. IF IT IS POSSIBLE, WHAT WILL ACCOUNTING ENTRY.
WE HAVE OPENED A BRANCH IN DUBAI FOR OUR BANKING PERPOS. TOTAL OPERATION DONE FROM AHMEDABAD. WE HAVE OPENED A BANK ACCOUNT IN DUBAI STAN CHARTERED. WE HAVE BALANCE IN DUBAI ACCOUNT. WE HAVE SORTAGE OF CASH FLOW IN AHMEDBAD. IN THIS CONDITION CAN I MAKE THE PAYMENT OF INDIA OFFICE FROM DUBAI BANK ACCOUNT. IF IT IS POSSIBLE, WHAT WILL ACCOUNTING ENTRY.
12 September 2009
In the Ahmedabad books u will have to open a Dubai Branch A/c and route all Branch transactions through this a/c Normal entries for accounting local transactions will apply to branch also only while accounting the amt recd/paid in rupees will appear in your books.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
