CIF value declaration in Notes To Accounts
This query is : Open
29 April 2010
What is the purpose of declaring "CIF value" in notes to accounts in Annual Report of companies.
What should be the exchage rate of imports ?
What should be the exchage rate of imports ?
29 April 2010
in notes to account auditor have duty bound to disclose true and fair presentation.
So If a auditor present Import value in CIF value* Exchange rates that present fair disclosere
So If a auditor present Import value in CIF value* Exchange rates that present fair disclosere
04 May 2010
But what is the relation of "CIF" value in "True and Fair" view presentation ? I think it is due to some other requirement.
I have three exchange rates 1-Closing rate , 2-Transaction Rate , 3- Invoice Date Rate. Which one is to be taken ?
I have three exchange rates 1-Closing rate , 2-Transaction Rate , 3- Invoice Date Rate. Which one is to be taken ?
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
