Hi All

Can we net-off the foreign transaction ?

For example : Suppose we are liable to pay dividend to one of our group company X in Europe , and at the same time X compnay is liable to pay professional fees to our company in India

If the outcome of both the transaction is same say Euro 10,000. Could we pass the journal entry by debiting divend payable and crediting professional fees receivable a/c ?

Please help me.
Amit

Hi All

Can we net-off the foreign transaction ?

For example : Suppose we are liable to pay dividend to one of our group company X in Europe , and at the same time X compnay is liable to pay professional fees to our company in India

If the outcome of both the transaction is same say Euro 10,000. Could we pass the journal entry by debiting divend payable and crediting professional fees receivable a/c ?

Please help me.
Amit

An NRI brother wants to gift his
1. sister
2. Niece ( minor age)
3. brother-in-law
each with Rs. 15 lacs thru an interbank money transfer mode.

How will it be viewed by the Income Tax Authorities of the gains made by
1. sister
2. Niece (minor age)
3. brother-in-law ?
Will it be taxed in the hands of the beneficiaries?
By what rate ?

If I am doing Labour work to one of the Merchant Exporter, whether i being the propietorhip company has to collect the Service Tax ? or am i exempted?

the wdv of a building owned by an trust is 1 crore, the trust is relinquishing it by writing it off in its book. the building is being transfered to another trust, whether the loss arising is a capital loss or revenue loss.

CA

HI
I AM TEACHING COST AND F.M. FOR CA PCC AND FINAL SINCE 2003 IN MORADABAD MORE THAN 700 STUDENTS HAVE BEEN TAUGHT BY ME
NOW I WANT TO START MY CLASSES IN DELHI, HOW WILL I HAVE A PLATEFORM TO TEACH THERE?

please tell how i can start my classes in delhi. whom I should Contact?

sir,
i am CA Final Student. i am Interested in "INDUSTRIAL TRAINING".
But please help me to find out Vacency In Industries.(Preferable In banking sactor)

Dear Members,
I want to know about any notification regarding reduction of CST from 2% to 1%. If yes, than please provide me a copy of notification.

Thanks
From
Ashish Vishnoi.
Email: ashishvishnoi@sify.com

we under taken sub-contract for lay out devolopment in Karnataka from a PSU, actual client is a Govt. Department of Karnataka. 1.please provide info on sub-contractors liability for VAT. 2.Is there any exemption for sub-contractor as the client is deducting TDS on primary contractor bills. provide with rule and act position.
regards.-Muralimohan