A company ipmorts a particular software and Hadrware @20,000 USD. As per the terms and condition 50% advance payment is to be made. then he will deliver the goods adn after deliver of goods balance payment is to be made.

on 1/4/7 company pays 10,000$ @40.05.
Rs.4,00,500/-. Hence advance payment entrty is passed.
Goods are received on 9/4/7 and as per Bill of entry rate of exchange is 41.8 per dollar.
on 9/4/7 company booked purchase entry and exchange difference of 0.24paise/-.

When balance payment USD10,000 is paid rate of Exchange is 40.08/- and hence again company booked exchange difference of .03 paise.

Is the compny is right bookimg exchange difference at every stage or it should book excahnge difference for the purchase made but neither the goods are received nor payment is made on 31st march 2008.

Plz.
help

Sir,
I am a student of CA & CS i wish to know that in case of a defunt company, can a single director by board of directors resolution can dissolve the company under section 560.
Thanks
Regards
Pulkit

In a case if an regular return filling assesse dies in may 2008. what should his family to do ? should they have to file the return of F.Y. 2007-2008 or not ?
They have to inform income tax department or not ?

Dear Sir,

Dear Sir/Madam ,
I am a businessman and running my office in 1 out of 3 rooms of my residence.The electricity bill comes in my father,s name.Can i claim proportionate one-third amount of electricity bill in my business.I have no agreement regarding it with my father but i do mention the address of this office in my bill.



Girish Kumar Mittal

sir i had passed cpt in june 2008.i am doing b.com second year now in correspondance. now i have a doubt wheather to join in icwa or acs in this mid time of articles.which is more effective concern to me now sir.pls reply me soon.

sir i had passed cpt in june 2008.i am doing b.com second year now in correspondance. now i have a doubt wheather to join in icwa or acs in this mid time of articles.which is more effective concern to me now sir.pls reply me soon.

Dear Sir,

Suppose a company pay charges to party booking place twds Exhibition Stall i want to know that whether we have to deduct TDS under 194C or 194 I

Regards

Ravi Konda

If an assesee want to file his Income Tax Return of F.Y.2006-07, can he file the return ? in this case can assesing officer can give him notice for late filling of return ?

W.R.T High Coaurt Order dated 30/7/8 on Service Tax not payable on rent. I wanted to know, suppose if the service tax is collected but not paid to the Govt Treasury,will this order be helpful and i have not to pay to the govt the tax which i have collected prior to this order.

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