CA Final results june 2009??

what is differnce between Revenue and Income according to ICAI standerds and his guidelines.

sir i am planning to start a web based and sms based service by forming pvt ltd company


will i be liable to service tax as for providing sms based services about the prices of commdity or shares

for this service will i be liable to any other taxes

thanks to all for providing a great platform


sir i am planning to start a web based and sms based service by forming pvt ltd company

thinking of 1 lac as paid up and 3 lac as authroised and my company name will hv systems or solutions in name

is there any rule if i use this words solutions or systems in my co name authroised capital should be this much ... ex: (india as a part of name autroised must be 5 lac)

huf law apply on a momdun family

Hi!

A Company raised its authorised share capital during the fin. year and paid substantial amount towards ROC fees. Now the Company wants to amortise it over a period of three years in Balance sheet, which that can do. My question is what will be the treatment for Income tax point of view? whether it is allowable in the year of payment or as per company's amortisation, it will be allowed in three years? Readers views are solicited urgently.
Thanks!
U S Sharda

can an indian co. bill to an indian co. in dollars in india itself ?
And the payment is made by the purchasing Co. in RS. to the selling companies bank but in accounts it is converted into dollars at tht days exchange rate.

And can we have foreign exchange revaluations on such dollars at the year end ?

Can a transaction be routed this way.
Pls tell me with reference to relevant sections of any law/act.

Dear Sir,

Generally I used to visit your website and study myself to get knowledge; I have one small question which I am facing right now in my organization.

A Foreign company established in USA got short time assignments in India from State Government; now foreign company wants to work with one of Indian company registered in India.

So one of the expatriate of foreign company will stay in India for the assignments.

Indian company will provide manpower & infrastructure like part of our office building / internet / vehicle / communication / printing & stationery / Guest house etc for the completion of the assignments.

Therefore agreement will be made under two heads (a) Remuneration (b) Reimbursable Expenses / Operating Expenses.

Now my question is:

1) Should we invoice in Indian Rupees or US dollar.
2) Service tax will be applicable or not. If applicable then on what remuneration / Expenses or both.
(one point to be borne in mind: that Indian company will not be in positions to provide bills for the expenditure because they will be using part our office building / vehicle etc, so Indian company will charging Lump sum(LS) per month.



Please help me, expecting a line feedback from you sir,

Respects

Jyoti
jsahoo@sify.com

Is there is any contradiction between AS- 11 and sch- VI regarding the treatment of Forex loss of capital items.