Sir, my articleship about to complete by june 09. My principal paid stipend to me through account payee cheque mode. (But my friends are paid stipend through bank account) Now iam worried about the filing of Form no 108 which asks the bank account into which the stipend is deposited by the principal. What is the remedy available for it? Is there any alternative mode of payment of stipend?

My principal told me two alternative is there. But Iam still worried. Please clarify me about the filing of form no 108.

Thanking you.

Should the Amount received in foreign currency be classified as monetary liability and revalued at year end for unrealized forex gain / losses? Since the money has already come and will not be settled in cash (i.e will be settled through inventory sale), does it require to be revalued at year end?

Sir,

pl. inform me what is expected date for CA Final June 2009 results. Further is ther any possibility to extend examination dates insted of 1st Nov. for 2009 Nov.examinations due to late declaration of results for June 2009 Exams.

Thanking you,

yours faithfully


G ramesh babu

Can i convert from PCC to IPCC and take termination at a later stage i.e. suppose i convert in July, 2009, can i take termination in October or November..??

If an article wants to pursue the training at a PSU as Industrial Training in the last year of training and needs transfer in this regard. Can he do so after the strict announcement of ICAI of 27th March? What will be the procedures for transfer? Please reply it as soon as possible, because, it is very urgent.

Hi Experts!
Please send me a Board Resolution for increase in Authorised Share Capital.

I registered for CA inter on 1997 and completed Articleship as prescribed by the institute, though i have not appeared for any exam. later on 2008 i coverted into PE2 and appeared for group 1 and cleared the same in 1st attempt. appeared for group 2 in June 09, and waiting for the result. Kindly advice me, what is the option i having, if i could not clear the group 2

The optical fibre cables are dealt with in two chapters viz Chapter 85 and Chapter 90 for HSS classification purpose.

Optical fibre cables are used for telecommunication purposes. There are certain optical fibre cables used for medical purposes also such as instruments like endoscopy etc. Some type of optical fibre cables are used in mining industry for remote lighting.

Can anybody clarify which type of above cable would come under 85 and which under 90 ?

One of my friend has cleared first group of PE-II and now as all of us know that May-2009 was the last attempt For PE-II.
So I want to know what will be his future position? Will he be required to register afresh or appear for Second group?
Please Help.

How the Income tax calculate On the profit

What Is procedure To Calculate the income tax on profit