Hello There
Currently we are running Proprietory concern where my father is a sole proprietor. Now we decided to convert this proprietory firm in to a partnership firm where My father, me and my younger brother is a going to be a partners. Now my question is, Does assets in the proprietory firm will attract any stamp duty or taxation while transferring that assets to partnership firm?

I received Rs 9500/- agent commission from LIC in last year 2011-12. Can Tds is deductable from my agent commission ?

One person who is originally the citizen of India has now got the citizenship of USA and going to settle there forever.

He has sold his agricultural Land in India, the gain of which is not taxable as the agricultural land in india is not capital asset.

The only question in this case is - Whether that person can repatriate such sales proceeds to outside India? How?

Dear All,

One of my friend runs an automobile agency.
Where he books bikes for his clients.

He collects cash and cheques from his client and gives it to Kinetic Company.

The Company gives Bill directly in the name of owner.

Now in this situation what will be applicable to him.

When he receives cheques from clients he gives them the receipt

But he does not purchases bike from showroom in his name, but he issues cheque from hsi bank account.

As he is not purchasing bike, will VAT be applicable?>

And how can service tax be applicable if any.

what are the best coaching classes for ca-ipcc in kolkata???

I have done IPCC and now will start articleship....I am one of the board of directors in a Pvt Ltd company and the CA, to which I would go for articleship, works for that company....if I will do my articleship with him than too can he continue work for that company....??

My CA Final exams are due on November,2013.
So please Somebody can suggest me the sequel of tuion that I should follow in order to pass in my exam (SFM,Accounts,Cost and Tax are the subjects I want to take)......

I received member card whether i have to send back to mumbai office or keep it with us?

Does any one have format for auditor's certificate for Remittance on winding up/liquidation of Companies under FEMA regualtions? As per regulations, the certificate to state:

. Auditor's certificate confirming that all liabilities in India have been
either fully paid or adequately provided for.
. Auditor's certificate to the effect that the winding up is in accordance
with the provisions of the Companies Act, 1956.
. In case of winding up otherwise than by a court, an auditor's certificate
to the effect that there is no legal proceedings pending in any court in
India against the applicant or the company under liquidation and there is no legal impediment in permitting the remittance.

Hi

I am doing a project report for a distributing company,who got the final products from Gujarat after completion of Jobwork there.

Product cost Profit margin (15%)
x 2.8 3.22
Y 4 4.6
Z 5 5.75

Monthly recurring expenses are given -53,000.
Cost of material for Job work - 1500000
Transportation cost - 300000

Now,how can i bifurcate the cost of the product into fixed and variable?? in order to find contribution per product??

Any thing else required to calculate this??