Answer / h.r. sreepada bhagi

One of the methods of getting working capital is discounting
Bills of Exchange with Banks or Financial Institutions.
Goods can be sold against advance receipt of money, against
payment on delivery or against deferred payment or Credit
Sales. In case of credit sales, the seller & buyer can have
an agreement/understanding wherein, the seller will draw a
bill of exchange and the buyer will accept it.

The sale documents & the Bill of Exchange will generally be
exchanged between the parties through their respective
banks. In case the seller is in need of money and has credit
limits & sub-limits with his/their bank, he/they can get the
bill discounted with his bank and take money. The
seller/borrower should pay interest on the amount availed
against the bill in the name of Bill discounting Charges.
Bills will be fora specific period and the bank will extend
bill discounting credit for a period not exceeding the due
date of the bill. When the customer/buyer pays the money,
the same will be adjusted the credit extended to the seller.

Bill facility will be given against domestic as well as
export transactions and is a common method of working
capital finance. For more knowledge and practical input in
the methodology and specifics, approach your bank.

Would like to know all the situations under which a "C" Form is issued?

1 Answers  

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What is MAT ?

2 Answers   Britannia, HDFC,

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DEAR SIR,PLEASE INFORM US THAT BETWEEN BILL DATE & INWARD DATE WHAT DATE WE HAVE TO WRITE IN "C" FORM.AS WHEN WE RECD.BILL IN DATED OF 30TH JUNE, & WE ARE TAKING THE SAME IN JULY AS OUR INWARD DATE, IN THIS CASE QUARTER HAS BEEN CHANGED & PARY IS ASKING FOR BILL DATE IN "C" FORM INSTEAD OF INWARD DATE.KINDLY HELP US IN THIS REGARD-RAJESH PATEL.PH.079-25624003

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company want to me deduct tds, i have pan if i need tan number.if yes kindly explain why?

1 Answers   vguard,

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is it necessary to make payment to party in the same assessment year after deducting tds

2 Answers  

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Is wct charged on firm or proprietors ?

0 Answers  

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what is TDS and which apply on and its what is diffrent rates on diffrent items.

1 Answers  

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Explain the Calculation of VAT ?

1 Answers  

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Any body plz guide me. I have making a invoice of 4% sales tax rate but actual rate of sales tax 5%.

1 Answers  

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PLEASE ANY BODY TELL WHT IS PRESENT RATES OF TDS AND HOW MANY TAXES ARE THERE PLEASE SEND ME THE ANSWER TO MY EMAIL ADRESS I WAITING FOR UR ANSERS

7 Answers  

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How do I get a C form with the bank Guarantee?

0 Answers   PointX CAD,

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How to enter both TDS receivable & balance payment received in receipt voucher (Single voucher both should be covered) Please help me. I am totally confused.....

3 Answers  

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