I have hire a inverter for 6 month. For this i have to pay monthly basis Rs 10800/- per month.I also made a Work order with the vendor for the same.My queries is when i will pay Rs 10800/- per month then can i deduct any TDS amount,what amount will be deducted & what is the category of this expenses in TDS.


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Can we file FORM 20B 23AC ACA WITHOUT FILING INCOME TAX RETURN....

Respected Seniors & fellow Students,

Will I be able to file Form No. 109 on the exact 30th day from the date of getting NOC from my erstwhile Principal (i.e., If I have got NOC on 20th October, 2014 and I will file form 109 on 20th November, 2014)? It will not require any condonation letter or any fine?

If I require a condonation letter then who will have to issue this letter my erstwhile Principal or my present employer?

Kindly do response at your earliest.

sir.
Iam a direct entry student
currently iam doing article ship and completed 1 year of training. But during the tight schedule i cant get leave for study..
even the firm is small but so may work is there( vat service tax tds vat registration etc..comon)
there is only 1 article( me) & 1 paid staff

Sir i want to know that if i wish to transfer wat is the procedure bcz iam more than 1 year of training
or

termination of articleship -after completing the inter and re join

Plz suggest me.
plz help...
& Thanks in advance

can we inspect the profit & loss accounts of any company through inspection of public documents or through any other way?

Sir,

AM JOHN FROM PUDUCHERRY,WE HAVE PURCHASED SOME ORNAMENTS FROM CHENNAI 2011-12.They had given us VAT bIll only and we had not claimed the same also, but now they want C Form agst that bills.Whether we can provide them C FORM OR NOT

Can i do a industrial training in a company which are not in the list of companies specified by ICAI. Company is a listed co.
if not then what the procedure to get a permission from ICAI.

Kind attention to all users, I need immediate assistance and proper clarity over the issue given below as my career is at stake.

I joined a company as an Industrial Trainee in Kolkata and when I went to Institute's regional office in kolkata for submitting my forms, they told me that my company is not registered with the EIRC and so, they will not take my forms untill & unless my company will get registered for imparting such training. Here, I would like to mention that the company in which I am doing training is a wholly owned subsidiary of that company which is registered in the EIRC. The EIRC employees are telling me that as my co. is a subsidiary to the co which is registered in EIRC so, its having its own separate existance so it has to get registered. On the other hand, my co (wherein I am doing training) is registered in WIRC and company's Head Office is in Mumbai and I got appointment letter from Head Office itself. In Kolkata, where I am getting training is its branch office.

So, whether I will be able to send my documents/ forms to WIRC so as to get registered as Industrial Trainee in the Company??

Whether every branch of the company has to get registered with the regional office to impart training to CA students??

My form 104 has already been signed and deed has been executed on a Non Judicial Stamp Paper of Rs. 20/- by my employer (member of ICAI) and in presence of another employer, both working in Kolkata. So, those sign will suffice the purpose or I have to make it sign with the employer working in Head office i.e. in Mumbai??

PLEASE HELP IN THIS REGARD AS SOON AS POSSIBLE AS MY CAREER IS AT STAKE.

Awaiting response.

Udit Saxena

FACTS :

One of my client was abroad for a long time. He returned for good on 3 October, 2014. So, for F.Y.
2014-15, he is non-resident & only his Indian Income is taxable. He has NRE A/c in a Nationalized Bank. Before closing the NRE A/c, he wishes to:

A. Transfer Rs. 15 Lakhs to his son who resides in New Zealand (& is a NewZealand passport holder ) for purchasing a House abroad.
B. Transfer a sum to his son, who in turn, will open an NRI A/c in India, invest the same in F. D. & out of Interest earnings, transfer a monthly sum Rs. 50000/-to his father.
C. Out of Balance funds in NRE A/c, my client wishes to purchase Tax Free Bonds issued by Government of india.


QUERIES :

1. Will transfer of Rs.15 Lakhs to son need RBI permission ?
2. Will son’s Indian Income by way of Interest on F.D. out of NRI A/c be taxable in India?
If yes, even then the transfer is beneficial since it will create another assessee. Is this view tenable? (The son has no other Indian Income & is a permanent resident of New Zealand.)

Kindly let me have your opinion.

Thanks & regards.

R. V. Marathe
Chartered Accountant

Respected Seniors & fellow students,

I need immediate assistance as my career is at stake. I joined a company as an Industrial Trainee in Kolkata and when I went to Institute's regional office in kolkata for submitting my forms, they told me that my company is not registered with the EIRC and so, they will not take my forms untill & unless my company will get registered for imparting such training. Here, I would like to mention that the company in which I am doing training is a wholly owned subsidiary of that company which is registered in the EIRC. The EIRC employees are telling me that as my co. is a subsidiary to the co which is registered in EIRC so, its having its own separate existance so it has to get registered. On the other hand, my co (wherein I am doing training) is registered in WIRC and company's Head Office is in Mumbai and I got appointment letter from Head Office itself. In Kolkata, where I am getting training is its branch office. an Office bearer in EIRC office has told me that I can send the form and documents to WIRC but in turn the same documents will be returned back to EIRC as the member under whom I am doing training is in Eastern Region and then the form will get canceled. So, whether I will be able to send my documents/ forms to WIRC so as to get registered as Industrial Trainee in the Company?? and whether every branch of the company has to get registered with the regional office to impart training to CA students?? What should I do in this complex situation.

PLEASE HELP IN THIS REGARD AS SOON AS POSSIBLE AS MY CAREER IS AT STAKE.