Dear all, one of my client, an NGO has been receiving foreign donation for the past 10 years now, through wire transfer, without FCRA Registration. Neither their bank nor their CA had ever told them about. However, last month they have been told by their bank to get one. I have already done the application.
Now my query is that what would be the consequences of receiving those Foreign Donation for all those years. During the Home Ministry inspection by IB, would it pose a problem in getting the registration? What should I do about it?

Sir please provide me,ca ipcc IT NEW syllabus notes in easy language for nov.2014

Attention friends...... Can anybody provide me solution to end the problem that i actually came across.............. There is a individual who invested all his assets in a Rice Mill of worth Rs.8 crores (approx.) in the year 2011.Then the business continued for 1.5 years continuously. Suddenly the business lacks working capital due to abscondance of cash by the person involved in construction, who was the friend of the individual in the 2013. There is no specific evidence to prove the fraud. Thus, the business discontinued. On the other hand, as there is no profits, the bank debts (neither the principle sum nor interest) of Rs.4 crores(approx.)could not cleared as there is no cash availability. As the business organisation is not paying any sum to bank. The bank considered the debt as NPA and is going to conduct auction on or before 06.06.2014.All the assets were struck in the bank as securities for the loan whereas the individual has Rs.4 crores of bank loan and Rs.2 crores of unsecured loan. Banker valued the mill value for Rs.1.63 crores and other securities for Rs.60 lakhs only whereas the valuation report by the Approved valuer valued the mill for Rs.5.35 crores (approx.). There is a heavy pressure from the creditors as the auction amount does not cover their debts. Please provide a probable and suitable solution for the above query.................

I have booked a flat through builder and I have paid Rs.1 lac as an advance vide cheque on August, 2013, but the deal was cancelled by the builder and he refunded the amount vide cheque which was returned due to insufficient fund. I contact several times but he is not responding so far. So please advice to me what should I do?

K Radhakrishnan

Dear All,

We are a trust having business in education and having 5 branches across the Bangalore.

Now for professional Tax renewal of Rs 2,500 should we pay Just 2500 or 2500*5=12,500 ??

We got registered under Karnataka Professional Tax as one registration.

Regards






are having three branches in bangalore whose registration has done

If a foreign company is operating from a number of centers in India, its liable to file for the TDS return center-wise or at corporate level??

SIR,
CAN A H.U.F BE A PARTNER IN A PARTNERSHIP FIRM ?

My dear CA club friends , I need your advice regarding how I go ahead with my career, I did my post graduate in arts and after that I decided to do CA . Accordingly I joined CA, cleared CPT, complete my articleship and now I am working in a private limited company with a monthly salary of Rs.20000/-. I earned the following experience during my articleship and by working in my present organization:-
1) Accounting: maintenance of day to day accounts, BRS, preparation of balance sheet, profit & loss account for proprietorship, partnership business, and for company as per revised schedule.
2) Preparation of cash flow/fund flow statement and financial analysis (ratio analysis) of balance sheet and profit and loss account.
3) Payroll maintenance including PF/ESI compliance.
4) VAT compliance: calculation, monthly and yearly return, preparation of VAT audit report etc.
5) Service tax compliance.
6) Debtors/creditors management.
7) Preparation of IT files for individual.
8) Stock maintenance in tally.

At the time of joining CA my plan was for practice; but as till today I am not able to complete CA, now I am very confused. I do not have a degree in commerce and hence a reputed company may not interest to recruit me; on the other hand I am not in a position to change my line again and I am not interested to do so. So the main point is that my situation is “NA GAHR KA NA GHAT KA”. Without a degree good employer do not recruit me and I personally can not start a consultancy. So what can I do please suggest, please?

whether professional tax (gujarat) to be deducted from salary of employee who have joined on 28th of the month ??

sir i took a admission in ipcc through direct entry before giving my ipcc attempt i should complete 9 month practical training under Ca after completion my 9 month training can i take transfer from my firm give me a proper information about this...please