In the journal entry 10? Deb acc Dr Trade payable account Dr To X acc (Amount due to X , transferred to his account ) Why has X been credited when he is the receiver ?
Is there any notification by the ICAI for Advanced ITT till now. Please post the link.
1. When rectification under section 154 is possible?
2. When and in which cases IT Dept issues Intimation under section 143(1)?
I am an Article clerk in the final year of articleship. In the 1st year I had taken transfer for which i received letter from ICAI stating I have taken excess leave of 43days.
Can anyone please guide me if the excess leave can be adjusted against leave taken at present office or compulsorily a fresh deed for extension is to be filed?
Hello Everyone
I would like to ask a question that is
tds is be deducted on invoice value or basic value.
For ex. if value of services=100000
service tax @12.36% =12360
total =112360
Than tds on which amount to be deducted whether on 100000 or 112360.
Please give a detail answer with some reference of case studies.
please tell me how to prepare for ipcc group2,as syllabus have changed for nov 2014.
An Indian Company is an importer and marketer of goods manufactured by a company in Srilanka.
One of the promoter-Directors of the Indian Company intends to join the board of the Srilankan Manufacturer Company.
One of the fellow CAs has opined that the Customs Act on transfer Pricing does not allow a producer in Srilanka and Marketing Company in India to have related promoters.
Can you please clarify and throw some light on this topic? Kindly suggest related readings of particular sections of the Act.
Also, if there is any such restriction, what can be an alternate route.
Regards,
Deepthi
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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Journal entry