Dear Sir,
We have unexpired forward contracts which were entered in Feb-13 and have different expiry date ranging from June to Sep-13. For purpose of accounting, we need forward rates as on 31.03.13 of forward of said periods.
Banker says they can not have access to historical data. Then can anyone help how to obtain forward rate as the same is required for valuation of forward contract and then to account accordingly in books of accounts.
Thanking you.

Hello:

Is it true that the Union Budget proposals for the FY 13-14 are not yet finalized, and that these will be done only by the end of May 2013?

My query specifically pertains to the following areas...

1. Transport allowance (which is presently Rs 800/month)

2. Child education allowance (Rs 100/month per child...max of 2 children)

3. Medical reimbursement....Rs 1250 per month=Rs 15000 (upto Rs 15000)

Is it true that the proposals with respect to these are not yet in place?

feedback on this would be highly appreciated ASAP

thank you very much

sir can i take exemption from sip training on basis of op of ipcc? i has passed executive in dec 2012

My mother is a defence family pensioner and recently she received arrears of pay for the period my father was in service and the TDS was deducted on the same. As the arrears is now received by my mother whose total income is within taxable limits i would like to know how she can get refund of the TDS deducted

Hi,

As we all know after completion of Project we transfer cost from CWIP to Respective Asset head.

what if before completion of that project I sale it from CWIP?

will it consider as Normal Sale?
or
Sale of Fixed Assets

Can anyone tell me exact accounting treatment for this?

Thank you.

Three Partners constituted a firm and get registered itself under Limited Liability Partnership Act in April 2012. Upto last month i.e March, 2013 the firm had 19 employees including 3 partners. 4 (Four) new employees are admitted in April 2013. Average salary of all the employees including partners is Rs. 15000/- p.m.. All the emplyees are not interested voluntarily to become the member of the EPF.

Now the questions are

1) whether the firm is liable to get itself registered under Emplyees Provident Fund Act or not ?

2) Whether the said three partners are also to be trated as employees of the concerned LLP and get themselves registered as members of EPF?

My boss who is pensioner and having interest income has remitted advance tax of 50,000/- during 2010-11 through bank challan. The said amount is not appearing in his form 26AS till date. please let me know the procedure for getting the said amount to his credit.

Dear all,

I have change my name and address in PAN from Rimpi Jain to Rimpi Singhal in the month of JAN 13. But my PAN is same as before. I have not filed return last year. Before that, TDS was deducted from my previous employers in the name of Rimpi Jain. When I go to income tax site to see my form 26AS of previous years, there message is PAN is not in data base, Plz contact bank to correct set up of PAN. Nothing is shown. But my PAN is active. What to do. Plz suggest.

If an Ad Agency received Rs. 90 only from clients for an advertisement costing Rs. 100/- in print media, & pays Rs. 85 to Print Media. than ST payable by Ad agency on Rs. 5 recd. from client or on Rs. 15 i.e. (100-85)

Hello Everyone.
I am about to start a firm which will be a typical It outsourcing firm based in India with most of the clients in the US.

I am confused whether i should go for an LLp or a Pvt limited company.?

The conditions are:
1) I have a partner who is an NRI. he is residing in the US , he holds the green card in the US but not the permanent citizenship of US
2) All the initial investment would come from the NRI
3) the guy has an Indian PAN Card and also an Indian Passport

What is the best way of doing so?
Since, I am not sure but will this be a kind of FDI ?
So, what are the pros and cons of getting an LLP or Pvt ltd Comapny?
What should be the steps?

Thanks in advance.