Can any person be a resident of more than one country Yes, a person can be resident of more than one country. If you are a resident of India as per the provisions of Indian income tax act then it does not mean that you will be treated as non resident for other countries. Different countries have different set of income tax act and rules. If after becoming a resident in … [Read more...] about FAQ on residential status of Individual
Archives for August 2013
How to park document in sap general ledger accounting
Parking a document is a concept where business transactions are entered and kept for posting at a later point of time. There can be many reasons where you need to park a document in your organisation. Followings are some of those reasons where you have to park a document in sap; While entering a transaction in sap you required some additional information which was not … [Read more...] about How to park document in sap general ledger accounting
What is material type in sap – creation of material type
In sap similar type of materials are grouped under one head called material type. If you want to create finished goods then you need to create a material type for it. This is done to identify different materials in sap. To create it in sap you use transaction code OMS2 or following path; SPRO | IMG | Logistics > General > Material Master > Basic Settings > … [Read more...] about What is material type in sap – creation of material type
How to Define Material Number in SAP
Material number is sap determines how the material will be numbered. You can create it by internal assignment or external assignment. Followings are the list how to define these for a material. Material Number field To create it you need to use transaction code OMSL or path; SPRO > IMG > Logistics > General > Material Master > Basic Settings > Define … [Read more...] about How to Define Material Number in SAP
What is Articles of Association (AOA) – A beginner’s guide
Like MOA, Articles of Association (AOA) is also prepared at the time of incorporation of a company in India. Different countries like United Kingdom, Pakistan, Bangladesh, Srilanka also have this concept of preparation of AOA. An AOA defines the rules and regulations which a company will be following while carrying out the activities as mentioned in the memorandum of … [Read more...] about What is Articles of Association (AOA) – A beginner’s guide
What is Memorandum of Association (MOA) – A beginner’s guide
Memorandum of association (MOA) is a statement which is prepared and uploaded by the subscriber at the time of company’s registration. You can take help of a professional like a CA or CS for drafting of memorandum of association (MOA). Contents of Memorandum of Association - MOA MOA has to be prepared and to be filed while incorporating a new company in India. Countries like … [Read more...] about What is Memorandum of Association (MOA) – A beginner’s guide
How to derive Residential Status of an individual – section 6 of income tax act
Residential status of an individual decides whether the person is taxable or not in our country. You need to determine residential status of each year to know whether you are taxable in that year or not. To determine residential status you need to first find out whether you are a resident or non resident. If you are a resident then in the next step you need to determine … [Read more...] about How to derive Residential Status of an individual – section 6 of income tax act
What is SAP Ticket
SAP tickets are raised for errors or bugs in sap system. After implementation of SAP you need to keep a support team with sap consultants in it who will monitor and support all kind of errors or bugs in your sap system. These sap support team can be in your building or at a remote place. For most of the bigger implementation project we have support team outside the company … [Read more...] about What is SAP Ticket
How to copy vendor master record
To copy vendor master record you need to use transaction code FK15 or following path; Accounting > Financial Accounting > Accounts Payable > Compare > Company Codes > Send You have to enter following details to copy vendor master record; Vendor Company code Selection parameters need to be selected to copy master data Program RFBIKR10 is used to … [Read more...] about How to copy vendor master record
How to create and assign number range for vendor master
Number range is the most important part of vendor group customization. In sap you can create it for vendor master and assign to its group under which you are about to create the account masters. Creation of Number range You can create different number ranges for different vendor group. After creation of your required number ranges you can assign it the respective … [Read more...] about How to create and assign number range for vendor master