Loan availed 50 million payable after 10 years at 0 % interst rate. What would be the accounting treatment if i book my liability at its present value lets say 40 million . kindly guide me in the line of IAS 39. What would be overall treatment in the first year, and for the next 10 years. Kindly provide immediate guidance

What Documents to be required for export under CT-3?

while checking this limit whether we need to check payments made to party concerned or to different persons to whom we paid on behalf of party concerned
If its party concerned then please provide solution to this problem
one of my client who is rice mill owner
purchase rice from various parties and made payments of freight to truck drivers in cash and number of trucks are purchased from single party in a day and aggregate payments of fright usually cross 20000 in a day but paid to different truck drivers
whether in this case all payments of freight made to different truck drivers belong to same party in a day should be disallow ?

Please let me know of any legal consequences for a company assesse if it has received and booked rental income without any rent deed executed .
What could be penalty applicable if any ?
Also the status of the tenant in such situation?

Would like to urgently know what option do we have incase Form 15CA does not mention the name of the bank in the drop down options of the non resident bank where the remittance is to be transferred?? Kindly share the solution to such a problem, incase any of you are aware of the same. Many thanks.

we have lost a case in CESTAT and not the case is pending before high court. Now our auditors are saying the we should not show this under contingent but should make provision in the books of accounts because we have lost the case in CESTAT. Now, if we provide this in the books, whether later on our claim can be rejected by invoking unjust enrichment clause or not. Please clarify.

Dear Experts,

We are in receipt of excisable material, which address & ECC number mentioned on duplicate for transporter copy is of our another unit, however address on Lorry Receipt is correct, In that case can we eligible to avail cenvat credit ?

Thanks !

Guyyss having ca final attempt in Nov'15...really confused for final classes..need to take admission at d earliest as they hv alrdy strtd with sum of thr batches...Jks r professionals...???????????

when i get accrud interest form bank on FD but bank not deduct tds on accrued intrest so what i do accrud income showing in F.Y or not
example of my problem
i get accrud intt 600000 and that only my income as per rule tds will be deduct on 10% 60000 and when i file return so i calculate 2 lac exem 3 lac @10 % 30000, 100000 @20% 20000 total tax 50000 tds will be dudect 60000 but bank whwn pay me intt. then deduct tds so without dudect tds i caimed or i m showing my accrud income

Respected Experts

Please educate me regarding the various limits available for tax relief for the following items for a salaried employee of an organisation

Also how can an employee avail these deductions while calculating his income tax amount to be filed.(Documents that need to be submitted)


Child Education Allowance

Medical Reimbursement receipts submitted

Transport/Conv. Allowance

LTA receipt submitted

Food Coupons

Periodical Journals

Uniform/Dress Allowance

Telephone Reimbursement receipts submitted

Prof. Development receipts submitted

Car Expenses Reimbursement receipts submitted

Driver Salary receipts submitted

Internet expense receipts submitted

Is Performance Incentive/Bonus taxed with Gross salary(clubbed) or separately.

Much obliged as always & awaiting your valuable responses.

Regards

Roshini Arya