Sanjay Budhiraja
05 October 2022 at 10:46

Ratio Calculation

Hello All
Happy Dussehra!
Pl let me know how to calculate the DEBT SERVICE COVERAGE RATIO WITH EXAMPLES.
Let suppose my co's unsecured loans and secured loans are 100000/- then how to calculate the ratio . In operating Income what should I include.
Pl guide.
Regards


sampad mohanty

I have wrongly put email id and mobile of a director while registration of a new company. Now I can not create user id of that director. Please help me because MCA help desk did not resolve my Complaint raised more than 15 days.


Ganesh Ghuge
04 October 2022 at 21:32

Regarding ITR of my partnership firm

Hi
My name is ganesh shankar and my firm Name is Gauri International Trading a partnership firm.
We started our business in Oct 2021 and still pending with the ITR and audit of my firm. My sales turnover is around 9 lakhs from Oct 21 to March 2022.

I am not sure whether I need to file the ITR with this turnover.


Babu

FEMA laws on lottery winning outside India and transactions
As Indian resident

**if I purchase a online lottery ticket in India(means stay in India) not actually visited Dubai(UAE) for lottery ticket
Is it OK or prohibited for such purchase online transaction activities
-Remiteence from the lottery jackpot winning money
-Remiteence for purchasing the online lottery ticket in India
As a Indian resident, is it prohibited to take winning jackpot amount which takes place outside india(dubai lottery organization )
As I now income tax as no problem I will pay 30 percentage tax
but what about FEMA laws and enforcement department on winning jackpot amount and is there there any future trouble from ED AND FEMA LAWS


Kollipara Sundaraiah

Sir,
It assessess un secured loans money received cash mode details mentioned below as per books in f.y.21-22
Un secured loans cash loans rs:19,000 *50 persons total rs:9,50,000/-

Un secured loans cash loans rs:18,000 * persons 20 total rs:3,60,000/-
Question:
Un secured loans large amount sec 68 provision applicable in it act.


Saikumar Rayala
04 October 2022 at 16:50

MCA portal-PUBLIC DOCUMENTS

I have incurred a problem in MCA
I am unable to download the public documents of the company with is recently incorporated
Even though I am selecting correct criteria in "type of document and year of Filing" still shown no documents found what should I do ?


PRASHANT SANGHVI

I am a travel agent having office in Maharashtra. Suppose if I open another office in a different state for eg. Delhi and if that unit does any hotel booking in Delhi it will get CGST and SGST can this office raise an invoice under Cross Charge and pass the GST credit to Maharashtra Unit, If yes do I need to add markup since it's a related party.


mohit aggarwal

My company purchased Shutterstock License 365 days subscription paid through credit card. purpose for purchase is download Images & use it on our own company website. Whether need to Deduct & Submit TDS. If Yes at what rate. payment in dollars.


Unnati Chheda
04 October 2022 at 12:54

Article submitted Query

Hy,
I have submitted the article yesterday,
I want to know how to track the article status if it is been reviewed or published etc
can some one help me understand the process please


CA KSB

Dear Sirs/Madam,

Company A awards a work order to buyer, Company B.
Company B, the buyer requests Company A to issue letter of credit to his foreign manufacturer (to the extent buyer needs to pay manufacturer).

Idea here is to save banking charges and documentation work instead of Company A issues LC to Company B and then company B issues LC to manufacturer.

Now foreign manufacturer asks whether he can issue invoice and shipping documents in the name of company B and mentions Company A as consignee.

Foreign manufacturer's concern is that whether banks will process his bill under letter of credit or his bill for payment will be rejected? Because letter of credit is issued by Company A (who is the consignee in the invoice and shipping documents) but billing address is in the name of company B (who is the buyer).





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