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david
16 May 2024 at 16:58

Book Publishers New Zealand

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Rahul Raj
16 May 2024 at 12:45

Rent Agreement Between company

Can we create Zero value rental agreement?

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Imran K N

I wash registered under the Old scheme for CA Articleship and have been actively engaged in it for over 1.5 years. However, I am facing challenges in balancing my workload from the office Articleship with preparing for my intermediate exams, which I have not yet cleared.

I am considering taking a long leave from my Articleship to focus solely on my exam preparation and then returning to resume my Articleship afterward. I am seeking advice on whether this is feasible and what steps I should take to initiate this process.

Has anyone been in a similar situation or have any insights on how to navigate this? Any advice or guidance would be greatly appreciated. Thank you!

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Marimuthu

Dear Experts,
1 A company is remitting the Security depoait to the Electricity Dept.
2 Shall it can be accounted under the group of Loand and Advances?
3 Since this security deposit will not generate any interest income?
4 If it is grouped under investment,there will not be any capital appreaciaiton.
5 Has it to be accounted under either Financial asset or investment?
6 pls clarify that under which group, it can be positioned which will be appropriate one In Stat Audit point of view also.

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shreedhar shreedhar
16 May 2024 at 07:36

TDS Error T_FU_6351 error

How to solve this error in TDS 24 Q Qtr- 4 F Y 2023-24? ( Se-10(14) other special Allowance)

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ARUN KUMAR M
15 May 2024 at 23:21

Sez unit import with duty

Can a sez unit import goods by paying duty

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Mahesh S M

What should be done at the time of ESI return filing if we have an employee who was previously enrolled for ESI and now has a salary that crosses 21K?

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J.SINGH
15 May 2024 at 18:12

PROPER ACCOUNTS HEAD

Sir
I am employed as an accountant in a firm where paint is applied on finish goods for identification of material so I would like to know under which head it should be posted currently I am posting it under consumable store

thanking you

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Bhavik Shah

Reference:
Master Direction – Export of Goods and Services (Updated as on November 22, 2022)
RBI/FED/2015-16/11
FED Master Direction No. 16/2015-16
C12> (iv) In case the goods are exported on consignment basis, freight and marine insurance must be arranged in India.

I have a case where an overseas buyer is paying for the freight and insurance in case of consignment exports and also for the re-import of goods of the same consignment exports so we export on the basis of FOB.
Our bank says that as per RBI Master Circular it cannot be FOB as freight and insurance has to be paid in India.
I would like to understand the interpretation of this guideline.
Does it mean that:
1) Freight and Insurance has to be paid by the exporter
2) Freight and Insurance has to be paid in India by anyone of the exporter/overseas party/third party
3) Freight and Insurance has to be "arranged" in india at the time of exporting but can be paid by anyone anywhere
4) Freight and Insurance has to be paid/arranged in India only so as to safeguard the FOREX involved in the transaction in case of any loss/damage of the product (since in case of consignment the ownership has not yet passed to the overseas buyer)

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Nidhi Kanabar
15 May 2024 at 15:17

GIFT TO NRI UNDER FEMA

Hello,

whether drawal of foreign exchange by resident Indian for remittance of gift $20000 to grand daughter(NRI) is allowed under LRS scheme of FEMA Act 1999?

Reply at earliest

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