Anonymous
05 July 2013 at 16:22

Professional tax

Our client has a registered office in Mumbai, a service center in Pune and Corporate office is in Gurgaon.
No. of employee :
Gurgaon - 7
Pune - 2
and 2 employees are working from Chennai (they are working from home)

I want to know that whether Professional Tax is applicable or not and if yes on how many employees, working in above respective state.
Please reply as soon as possible.
Urgent



Anonymous
05 July 2013 at 14:34

Membership of icai

I have qualified my CA-Final exam in nov 2012 but i have not applied for membership yet. I had a query= i have completed my m.com but i have never shown about my B.com/M.com to ICAI and now if i would fill in the membership form about my B.com/M.com then is there any problem ????
Please help me.
I am worried about it.



Anonymous
05 July 2013 at 12:08

Supplier credit balance

Dear sir,
In our books of accounts there are some credit balances lyeing for a quite a long time against our suppliers.Please advice whether we can transfer this amount to partner's capital account as our is a firm.
Please reply at the earliest.As the customers are not responding to their confirmation.



Anonymous
05 July 2013 at 00:29

Calculation of closing stock

As we know that as per the Accounting Standard, an inventory is to be valued at cost or market value, whichever is lower.

Now let me explain my query with the help of an example.:

A trader deals in oil products. He purchases the oil from a manufacturer and sells it to consumers.
On purchase of oil from the manufacturer, he gets some litres of oil free on purchase of a specific quanti
ty. Out of his total purchases of 2,00,000 litres of oil, 50,000 litres was free.

On the other hand his sales figures are like this:
Out of total sales of 1,80,000 litres of oil the free sold was 25,000 litres.
The closing stock is 20,000 litres.
Out of this 20,000 litres, how much free stock is to be considered ?
The inflow of free stock is 50,000 litres and outflow is 25,000 litres. As per this condition the remaining free stock must be 25,000. But the overall closing stock is only 20,000 litres. How is the calculation made in this case ??


Studentsca
04 July 2013 at 16:50

Plz help

Can any one tell me the Detail Procedure How to Form a Partnership Firm In Mumbai.



Anonymous

Dear Sir
Is the resignation letter as a partner of CA firm is required to be addressed to The Institute and copy to the firm ,Kindly clarify.
regards


Rohit Gupta

Dear Sir,

whether it is posible to take loan against Fixed Deposit taken under 80C of income tax (i.e for the purpose of saving the tax, Fixed deposit done in SBI lock in period for FD is 5 Yrs. as per provision of income tax.

And whether there is any tax implication for the same.


Nikita Gupta
04 July 2013 at 13:47

Bank guarantee

What is Bank Guarantee?
And what is it accounting treatment?



Anonymous
04 July 2013 at 12:54

Responsibility of ca

what is the resposibility of CA while signing the project report (of loan).

what documents he has to collect from client to get relief in future for any inconvenience


Payal Sanghani
04 July 2013 at 12:24

Maharashtra profession tax return

Can anybody tell me which month to be entered in Profession Tax return (Maharashtra) under Period Covered by Return? Is it the month in which salary is paid or the month of which salary was due. i.e Salary of April-13 is paid in May 13 so for April month return I should mention April (01/04/2013 to 30/04/2013) or May (01/05/2013 to 31/05/2013) under period covered by return?






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