Hello Professionals
Can an NRI become a partner of a firm providing warehousing services to the Food Corporation of India? Warehousing services include fumigation and other services for the storage of food grains etc. This NRI has citizenship in the UK but stays more than 180 days in India. Can he invest in the partnership firm? Will FEMA provisions be applicable in this case?
Hello professional's
A house is allotted to MD of the company.After the death of MD,the house was occupied by his legal heirs.The company demanded the house from the legal heirs of MD.Whether the company will be successful?
Hi Friends
Pls provide your opinion on this case.
I need to understand the accounting and legal challenges in transferring stock to warehouse o/s India taken on a rental basis.
So the situation is Client is planning to get goods transferred to the warehouse of Uzbekistan without actual custom clearance. He will keeps goods there for sale and eventually will be sold from there on monthly basis.
The Question is :
Can we show same as stock in foreign warehouse, if not then how will we show as it is not actual export and Invoice will be raised as and when goods will be cleared from customs of Uzbekistan.
What is the impact of same under GST , Is it to be stated as export of goods only as there is no concept of stock transfer in GST or is there any Challan/delivery note basis
Pls suggest
Hi Friends
Pls provide your opinion on this case.
I need to understand the accounting and legal challenges in transferring stock to warehouse o/s India taken on a rental basis.
So the situation is Client is planning to get goods transferred to the warehouse of Uzbekistan without actual custom clearance. He will keeps goods there for sale and eventually will be sold from there on monthly basis.
The Question is :
Can we show same as stock in foreign warehouse, if not then how will we show as it is not actual export and Invoice will be raised as and when goods will be cleared from customs of Uzbekistan.
What is the impact of same under GST , Is it to be stated as export of goods only as there is no concept of stock transfer in GST or is there any Challan/delivery note basis
Pls suggest
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