Hi friends,

I have a company client for OSP Licence from department of tele communication. This will be my first case .. will you please tell me how much fees should i charge from this company.

Thanks in advance

Whether ca in practise can keep articled clerk in other city?

HI, my name is soham.i am new to this platform but i am very glad to say that CAclub INDIA is awsome.i am a CA final year student.I just want to post a query and need some valid feed back.i have decided to go for cfa after my CA course.But i am confused whether it will be help full in long run.more over if i can do it simultaneously with job.suggest.

I have completed by Articleship in 1985. I have not passed the Intermediate examination at that time and did not pursue the course further. Is it possible to re validate and write the intermediate exam or its equivalent now ?

My nephew ran a factory before few years and had taken a hypothication loan for his machinery. My dad became a guarantor in this loan. Over the time things didn't go well and my nephew sold off all the hypothicated machinery. Also his condition is pretty bad and he doesn't have any property in his name as well.

Now the bankers are pressurizing my dad to pay the loan or else they will get attachment on our properties and auction it off.

Some of the points to ponder in the matter are:

1) Since the hypothication was done on movable goods, bank officials should visit the site regularly and see the hypothicated goods are in order. If any fraud is found they should file a complaint with police.

Even after 5 years of sale of the hypothicated goods, bank has still not given any complaint to police.

2) The properties that my dad has are
a) My house which is actually in name of my dad's HUF, my mom, myself and my wife are other members of HUF
b) My factory which infact is run in a rented shed.
c) Machinery of my factory. My factory is Proprietorship firm and my dad is the Proprietor.


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Since the bankers have not complained to police I believe that some of the officials were corrupt and didn't let the facts to surface. Can my dad be released out of his guarantor liability since it were the bank officials who didn't follow the procedure at the right time and my nephew got chance to sell off his factory as well.

Can bank get attachment on my house (HUF Property)? We do not have any other residential property.

Since it is internal matter, can I sell off all the machinery in name of my father's company to another company which is in my name?

deat sir, i hav opt a new signature. i am registered with the icai with my old signature. what should i do now. i jst cleared out my ipce n i nw wish to enroll myself as a final stdnt. does i need to send a letter to the institute intimating the change in my signature or i should get myself register in ca final with the icai with my new signature directly..????

One of the partnership firm (Land Developer) has purchased the land in the name of the partner. can we take the sale in the partnership firm.
The reason for the purchase in the name of the partner is the PAN not applied of the firm









partner

Hello
Its HImanshu Juneja.
I want to ask the experts about transfer after I have completed my 1 year of articleship on the ground that my parents are shifting to another city and we are leaving the city we currently live in?
if yes, whats the procedure to take permission from ICAI and if not, whats the solution?

What is the value of stamp paper to be used for affidavit that is to be attached with form DIN 1? Has any value of stamp paper been specifically provided for this by the mca site?


thanking you

I got a brief reply to my query below indicating I should look up a site. I obviously HAVE looked up the site BEFORE I wrote the query and so the reply was completely unhelpful. Is there anyone who can respond to my questions below in a more pointed form

Background:
I am an independent writer/author (on social issues), trainer, researcher, etc who takes up assignments that last from a few days to a few months – only with non-profits and academic institutions. While carrying out such assignments, I sometimes need to employ a research assistant or support staff for specific assignments. These usually last for a few days or at the most a few months. I usually pay them a fixed amount for the assignment –paying it over the period of the assignment. The amounts would almost inevitably be more than Rs. 5000/-

However, I have no regular employees, since each time I take different persons. Neither am I registered as a company. I myself am paid per assignment by the concerned non-profit organization when the assignment is completed.

As far as my income is concerned, in the last financial year it was above Rs. 15 lakhs (though this year it will most probably be less than 15 lakhs).

Up until this year, I did NOT fall under any of the categories listed out for Service Tax. However, this year because of the ‘negative list’ I fall under the category of “other than in the negative list”. Accordingly when I reached an income of Rs. 10 lakhs in this financial year, I registered for Service Tax, and pay that on all amounts earned above Rs. 10 lakhs in this financial year.

I have also registered online for TAN and have sent my documents as required. I am now awaiting the registration number.

The registration for ST and TAN were done in December 2012 and January 2013 respectively.

Query
In the light of the above background, I write to ask

a) I have looked in the Schedule 1 of the Professional Tax list of professions that must pay Professional Tax and I Do NOT fall in any of those categories. However, there is a category # 21 which reads as follows:
"Persons other than those mentioned in any of the preceding entries who are engaged in any profession, trade, calling or employment and in respect of whom a notification is issued under the second proviso to sub-Section (2) of Section 3."

I am not able to find "Section 3 and Sub-section (2)". Therefore
(i) Can you give me the link where I can find the second proviso to sub-Section (2) of Section 3.this Section 3,
(ii) Am I liable to register to pay professional tax for myself or for those I employ as explained above – and who are not really regular employees of mine?
(iii) Do I need to register for PTRC and PTEC?


b) If I DO have to register for PTEC then I understand that the payment of Rs. 2500 has to be paid before June 30 of every financial year. As I did not have anybody working under me in June 2012, and the next June 30, would be in the next financial year, do I have to pay the Rs. 2500/- and by when. Of course this query holds only IF I have to register for PTEC.

c) Is it possible to register online for the same (IF I have to register) and do I still have to go to the office in Mazgaon (since I stay in Mumbai) to submit documents personally. Can I send the documents by speed post as was done in the case of the TAN registration?

d) Also with regard to the documents to be submitted, I have the following queries (IF I have to register)
i) Is the PAN card and e-acknowledgement enough for a person like me?
ii) They have asked for proof of residence. In my case the residence we are staying in is in the name of my wife - so I have not proof of my own residence. Also my work place is the same as my residence.
iii) They have asked in ENTRY No. 1 for name and address of the employers and the monthly salary received from them etc. I have no monthly salary. And every year different groups are hiring me for short periods. So what kind of information do I submit.
iv) I also have NO COMPANY, but am working under my own name – so what document do I submit.

Any clarification would help.
Thanks again