what is cash credit limit please give me answer in detail
Answer Posted / kinchit chawla
cash credit limit is the maximum amount sanctioned by a bank for your short term working capital requirement. it differs from short term loan. a short term loan attracts interest for the entire period for which loan is sanctioned and the principal amount is credited to your current account. in case of cc limit the amount is not credited to your current account. you can withdraw that amount any time and interest will be charged only for that period for which you have used that amount. cc limit is given only to highly credible customers of a bank.
Is This Answer Correct ? | 51 Yes | 9 No |
Post New Answer View All Answers
Is sales against H Form Either in Punjab or out of Punjab treated as Zero rated sales in vat 15 form in Window showing as Break up of Zero rated sales: Direct export out of country; Sales against H Forms Or it is treated as seprate
should we can take modvat benefit any time or they have some limit time to take input benefit claim?
Provision for Service tax, Income tax and Sales tax
which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent
THERE IS EXCESS TDS REMITTED UNDER SECTION 194 H IN EACH MONTH STARTING FROM APRIL 2011 TO DECEMBER 2011.THIS IS DISCOVERED IN JANUARY 2012. THE QUARTERLY RETURN IS YET TO BE FILED. HOW TO TAKE EXCESS CREDIT IN FILING QUARTERLY RETURNS ? WHETHER EXCESS TDS CAN BE ADJUSTED AGAINST REMITTANCE OF TDS FOR JANUARY 2012 (UNDER 194 H ONLY)AND THE BALANCE ONLY CAN BE REMITTED? IF SO, HOW TO GIVE THE CHALLAN REFERENCES IN THE RETURN?
WHAT WOULD BE THE RATE OF DEPRECIATION OF RAILWAY SIDING AT STRAIGHT LINE METHOD UNDER COMPANIES ACT?
What is the value of the Budget for 2009-10
Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.
how we creat e-vat return in tally for punjab
who will able to deduct the tds
what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?
The company has to pay transportation charges for transporting its materials. The company has not remitted the TDS on the same within due date. Is this expenses to be disallowed in STI. This expenses is directly considered on valuation of closing stock.
Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?
Company A from Maharashtra dispatch material directly to company C in Maharashtra & Billed to Company B in Karnataka. Co. A raised billed to Co. B charged local VAT., Co. B raised bill on Co. C tax rate NIL. Can Co. C claimed on VAT amount ?
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices