My dear CA club friends , I need your advice regarding how I go ahead with my career, I did my post graduate in arts and after that I decided to do CA . Accordingly I joined CA, cleared CPT, complete my articleship and now I am working in a private limited company with a monthly salary of Rs.20000/-. I earned the following experience during my articleship and by working in my present organization:-
1) Accounting: maintenance of day to day accounts, BRS, preparation of balance sheet, profit & loss account for proprietorship, partnership business, and for company as per revised schedule.
2) Preparation of cash flow/fund flow statement and financial analysis (ratio analysis) of balance sheet and profit and loss account.
3) Payroll maintenance including PF/ESI compliance.
4) VAT compliance: calculation, monthly and yearly return, preparation of VAT audit report etc.
5) Service tax compliance.
6) Debtors/creditors management.
7) Preparation of IT files for individual.
8) Stock maintenance in tally.

At the time of joining CA my plan was for practice; but as till today I am not able to complete CA, now I am very confused. I do not have a degree in commerce and hence a reputed company may not interest to recruit me; on the other hand I am not in a position to change my line again and I am not interested to do so. So the main point is that my situation is “NA GAHR KA NA GHAT KA”. Without a degree good employer do not recruit me and I personally can not start a consultancy. So what can I do please suggest, please?

whether professional tax (gujarat) to be deducted from salary of employee who have joined on 28th of the month ??

sir i took a admission in ipcc through direct entry before giving my ipcc attempt i should complete 9 month practical training under Ca after completion my 9 month training can i take transfer from my firm give me a proper information about this...please

what is wealth tax?

I am decided to give Nov attempt of IPCC.But I got the hall ticket of May attempt because I online filled my exam form before.So what can I do at this stage???I want refund of Amount and what can I do so that attempt will not count???

Dear Sir,

if suppose in may 2014 final exam out of 8 papers i get exemption in 1 paper, suppose i secure 60 + in isca and fail in rest subject is it necessary to carry forward the exemption in isca for nov 2014 exam??

(as i thnk i can get rank in nov 2014 exam but i want to give a try for may 2014 exam as whether i give the exam or or it will be counted as my attempt so in case i get an exemption i dont want to c/f it to next attempt on the expectation to secure a rank)

Thank You..

I want to know if we . take cash from sister for prepayment of home loan then what will be the tax amount I have to pay. pls advise.

What can be included in computation of WEALTH TAX?
Who is liable to pay it?
Does Trucks and other can motor vehicles should be included in computation?

1)Laundry Service Provider in Delhi gave bill of April’14 to the hotel in delhi where no service tax is charged by Laundry because it has not registered for Service Tax from the current month i.e. May’14, hotel wants to deduct TDS on the bill.
Now my Questions are:

a)Can hotel deduct TDS though laundry is a local (i.e. not registered), if yes what will be the rate of TDS? On what amount is TDS to be calculated? Does TDS include EC and SHEC?

b)Can hotel show Service Tax given and TDS deducted amount in same document from whom it is taking services?

c)Does hotel needs any Authorities to Deduct Tax?



2)Does Luxury Tax have any relation with Service Tax?

I Have booked a Flat as advance of Rs.1 lac with a builder on August, 2013 and the deal was cancelled by them returned the amt vide cheque which is bounced due insufficient fund. What should I do to recover the amount. Please advice me.

Thanks.
K Radhakrishnan