Respected Sir / Madam,

I have started my business from feb 2012 & i have not registered yet for PTRC.

I got show cause notice from profession tax officer as per following details.

>>>>>>>>>>>>>(FORM V
NOTICE FOR SHOWING CAUSE TO AN EMPLOYER OR A PERSON
LIABLE TO REGISTRATION / ENROLMENT
(See rule 13)
ENROLMENT OF PTRC CERTIFICTAE)

Where as being liable to registration / enrolment under section 5 of theMaharashtra State Tax on Professions, Trades. Calling and Employments Act, 1975,You have failed to apply for a certificate of Registration/Enrolment within the required Time;

You are hereby given notice to show –cause why a penalty not exceeding Rs.5/-
Rs.2 for each day of delay should not be imposed on you according to law.

Please take notice that the cause shown by you will be heared by the Undersigned on the above address on any working day within 3 days of receipt of this letter at 11.00. Am.

If you have already registered then, Please submit the copy of PTRC and PTEC Certificate and Returns to this office.<<<<<<<<<<<

Kindly help me with the rate of penalty, interest and reply to above notice as i am quite confused related to this.

please help

Thank you in advance.

Regards,
Sachin

consequences for non attendence of gmcs 1 within 1st year of artcleship

sir ,i appeared for ipcc group 1 in november 2013 n got marks in A/c's-34,law-44,cost fm-60 n tax 47 n my result has shown "F-EX" in mark sheet.
now my doubt is how many papers i hv to re write in may 2014
shoud i hv to write all papers or only 3 papers which are law,a/c's,tax
please let me cear regarding exemption marks

We provide the following services

A) Manufacture & Supply of Display Furniture
B) Onsite Interior Works like Painting, Carpentry, Electrical Works,
C) Transportation of goods and Installation services.


Our Total Sales (includes all the above 3 categories(A+B+C) including taxes) is Nearing 150 Lakhs in this Financial year.

Now, How & when we will become a excisable unit. Kindly clarify.

One my friend has set up a Coaching classess for CA student (for CPT & IPC). He has invited me to join as faculty. I hold full tme COP. whether i have to get permission from ICAI.

I gave IPCC group 2 and this was my first attempt ........ I scored Adv. Acc.- 50 Audit - 55 IT - 37 I referred SM PM For Accounts......and paper was good too.....but did lots of cancellation in it....... For Audit and IT...I referred my classes notes.....Now I dont know where I lacked......... Now I need to know the reference books for these subject .....so as to more efforts into my studies and get excellent marks.....

In financial statement, what we have to consider 'Balance as per Pass Book' or 'Balance as per Cash Book'

I m really confused whether to appear for both groups of ipcc or not. .i hve just cleared cpt with 159 marks some r advising me to appear in group 1 only..so that I get enough time to focus on my concepts. .while some to appear in both groups. .as it has many benefits like good training nd better future scope..what to do

I have register for articals traing
on 25 Aug 2013.Weather i am eligible for May 2014
attempt or not I have joined ipcc by direct entry scheme

A person retired on 31/10/2013. He was on loss of pay from 01/05/2012 till his date of retirement. The salary drawn by him on 30/04/2012 was 50000/-. If he had attended office, he would have drawn a salary of 55000/- on his date of retirement i.e.31/10/2013. Please clarify which salary should be taken as last drawn salary for calculation of gratuity. Please provide case laws if any, in this regard