My friend wants to have a COP as well as he will be having his salary simultaneously. He has been offered this by his current practising CA as his audit limits are over. So, whether my friend can take COP as well as salary from company. His boss told that for 2 months (till the report signing date), no problem will be there if he does it simultaneously...

Hello Sir,
I am Rajasekar.I am go to icwa final exam in december 2011 for both groups. Currently start an my studies. But not concentrate my studies.Please send me mind concentration tips and exam preperation tips.
Pleae send me our tips

Thank You

Profession Tax Penalties for late payment?

I am a software professional working out of Karnataka, India. I am planning to setup my own sole proprietorship. This is how I envisage to run it:
- only EXPORT software services to customers outside of India.
- raise invoices to customers in USD, and remit USD in INR here.
- the INR value of the invoice generated annually would, in all likelihood, exceed 10,00,000 INR (10 lacs).

Given this setup, I seek your advice for the following :
1. As sole proprietorship, do I need to register this entity with the Karnataka State Government, under the Karnataka Shops
and Commercial Establishments Act?
2. Do I need to pay the Professional Tax to the Karnataka Government before I start working? If yes, then do I need to register the entity with some Professional Tax department, if there is any? Is there any exemption clause to Professional Tax?
3. Since my professional services would be exported to clients outside of India, these would not qualify for Service Tax. However, do I still need to register with the Service Tax department?
4. Since the earnings out of this properietorship would be in USD, am I legally obliged to get an Import Export Code for myself? If so, could you please point me to a resource on the Internet where I could get details of IEC and the procedure to get it?
5. Given the broad expectations from the company, any other legal formality that I must fulfill per Indian and Karnataka State law before I could start this properteriorship?

I would greatly appreciate your guidance in this matter.

what is happening in US now... wat is meant by AAA credit & what is AA+ CREDIT.... Why these are now being talked much... What is the real meaning of these?

contribution/sales*100 , Why we take contribution as numerator for computing profit volume ratio?? why cannot we take profit directly (as contribution is fixed cost plus profit).Please tell is this a common practice or some solid reason is behind making this concept

WHETHER A COMPANY/FIRM HAVE TO GIVE FORM H FOR EVERY QUARTER? OR WHETHER IT IS SUFFICIENT TO GIVE ONE FORM H FOR ONE YEAR?

KINDLY CLARIFY. IT WILL WE VERY USEFUL IF ANYBODY SENT ANY SUPPORTING DOCUMENT (CIRCULAR / NOTIFICATION)TO SUBSTANTIATE THIS TO OUR SALES TAX AUTHORITIES.

REGARDS

S.RAGUPATHI

I have my ca final in nov 11. i want to appear for cs executive exam in june 2012. can anyone tell me about last date for registration..?
I even want to know about intership and cc papers when to give..?
Please help me out...
Thanks....

how i make an expert.i sah been already applied foe an expert. But my application still pending. plz tell me

Most Urgent..!!!

1) Whether an assessee being a NRI having deposited money's in NRO A\c attracts wealth tax or not..?
1) NRI having deposits a\c in India and earning interest thereon whether liable to pay wealth tax or not..?