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priyabihani
This Query has 1 replies

This Query has 1 replies

i want to know the applicability of tax rate to derivative & future & option along with if any caselaw,section refernces????


Sindhu
This Query has 1 replies

This Query has 1 replies

24 June 2007 at 09:47

gratuity fund

when a gratuity fund trust receives certain amount of money from the company towards opening a bank account what should be the treatment in R & P account, & Balance sheet? if interest is received on the said amount and if the amount received appears in the balance sheet should it be added to the fund?

whether the amount received is a capital receipt or revenue ? it is a non refundablable amount so.. isn't it a capital receipt?


CA. S.B.Shah
This Query has 3 replies

This Query has 3 replies

24 June 2007 at 05:08

company formation procedure

may know new procedure to creat new private limited?
thnaks in anticipation.


apurva
This Query has 1 replies

This Query has 1 replies

We are providing service to foreign co. for receiving orders from an Indian co. for which we are receiving payments in dollars as commission. Is this commission chargeable to service tax?


Manojbubna
This Query has 2 replies

This Query has 2 replies

23 June 2007 at 07:38

Forms for Income Tax

Please provide me the new form 16 , 16A and other ITR forms in excel format in my email manojbubna@sify.com

Thank you
Manoj Bubna


Sapin
This Query has 1 replies

This Query has 1 replies

23 June 2007 at 04:25

Eligibility of CA degree 4 MBA ????

if any Chartered Accountant has not any Graduate Degree and if he wants 2 do MBA course, can he do so???? If yes from which institutions.?????

can we do MBA from IIM institutions????


Vinita
This Query has 1 replies

This Query has 1 replies

22 June 2007 at 22:40

accounting for freight forwarders

Hello,

Our client is in business of freight forwarding and is registered with IATA/FIATA for air freight and with DGFT for sea frieght. They have a well connected worldwide network and an excellent relationship with major international airlines and shipping lines which enables them to provide a host of services to clients:

Export consolidation air and sea
Pre-shipping documentation
Inland transportation
Custom clearance
Post-shipping documentation
Port/Airport to door delivery
Pre-import consultancy to new projects and approvals
Inland transportation
Custom clearance
Consolidation air/sea
Port/Airport to door delivery

Our query was re: accounting of revenue by freight forwarders. Should the P/L a/c reflect the turnover gross of freight, local airport/port charges, transport charges charged by the company to its clients? Or should we only reflect only their service charges and profit made on recoveries of freight/local transport etc.

Kindly advise w.r.t AS-9 and the usual practice followed in India.


Anand Castudent
This Query has 1 replies

This Query has 1 replies

22 June 2007 at 10:28

Valuation of goods

plz send me full clearification and opinion with support of decided case laws and notification and circular if any parties is having 24% of share in a company and another not having any share, then they are related parties for the purpose of valuation under central excise Act.


chiranjivi Abhishek
This Query has 1 replies

This Query has 1 replies

22 June 2007 at 08:18

Buy back of equity share

To,
A non listed profitable public limited co. having non comulative pref. sh. proposed to buy back sh.
Can it buy back sh. without declaring dividend to non cumulative sh. holders.


Krupa
This Query has 1 replies

This Query has 1 replies

22 June 2007 at 02:15

Effect of Money Appreciation

The fall in IT scrips have been primarily on account of massive rupee appreciation. The rupee has appreciated from Rs 44.29 to a dollar in beginning of January to Rs 40.75 now. That means an 8 per cent appreciation, which has in turn led to a correction in stocks. Considering that a one per cent appreciation in rupee reduces margins by 30-40 basis points, an 8 per cent rise, can have a margin impact of 2-4 per cent," Mr Ashwin Mehta, senior research analyst at Ambit Capital said.
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