Dear Sir,

A c.A. Article is a director before taking admission as article. Can he continue his directorship during his course of C.A. or he has to resign from the post of director w.e.f today or before the date of taking admission as CA article. At the time of submission of his form no.102 and 103, he has not declared about his directorship to the ICAI. what should he do at this time.

Thanks

Which text books are excellent for scoring good marks for Final year, if yes then provide the details.

please tell what will be the treatment....

if a consultancy firm provide employee to a company.

then it will be treated as professional services or it is contractor service

and what will be the treatment of TDS.

Please let me know that whether Rs 10 fees for application for Photocopy of answer sheet is per subject or for all answer sheets?

I am confused about it...

IF I APPLY FOR ACCOUNTING TECHNICIAN ALONG WITH MY IPCC WILL MY ARTICLESHIP OF ONE AND HALF YEAR WHICH IS REQUIRED FOR ATC WILL BE INCLUDE IN MY 3 YEARS ARTICLESHIP OR I HAV TO WORK 1.5 YEARS EXTRA??

what is meant by accrued and what is mean by interest accrued but not due , what is mean by interest earned but not recieved pls any one solve my query.

can anybody please tell me whether condonation letter for late submission of Form 108 should be given by principal or the article? or two separate letters have to be issued from both of them?
Please reply at the earliest
Thnx..

Que.- On 15 July, 2007, SBI booked a forward purchase contact for Euro 50,000 due August 30 @ Rs. 56.35. On 10th Aug. the customer requests the bank to extend the forward contact for 30th Sept. Foreign Exchange rates on 10th August are:
Spot 56.1325 – 56.1675
Forward 30th Aug. 55.6625 – 55.7175
Forward 30th Sept. 55.4425 – 55.5375
At what rate the contract will be extended? What amount of loss / gain will be receivable from / payable to customer?
Answer: On 10th August, the bank will enter into two forward contacts with the customer.

(i) under first contract (maturity 30th August, 2007), bank will sell Euro 50,000 to the customer on 30th August @ 55.7175 (this contract is necessary for cancellation of 15th July contract )

(ii) under second contract, bank will purchase Euro 50,000 from the customer on 30thSept. @ 55.4425 (this contract is necessary as the customer wants Euro 50,000 on this date on forward basis )

On 30th August:

(i) The Bank will purchase Euro 50,000 from customer ( under 15th July contract) for 50,000 x 56.35 i.e. Rs.28,17,500

(ii) The Bank will sell Euro 50,000 to customer for 50,000 x i.e. 55.7175 i.e. Rs. 27,85,875 ( under the first contract entered on 10th August).

(iii) Profit to customer is Rs.31,625. This profit will be paid to customer on 10th August itself.



Doubt- In this case bank is suffering a loss- (56.35 - 55.7175)* 50000= Rs 31,625 mentioned as profit for customer in solution above. But we know that bank will not bear any loss on itself so it will recover this loss from the customer.( As it is a cancellation of contact before maturity.)

Plz correct me.

As i have completed my training in july 2011 and have already submitted the form 108 but the completion certificate has not been issued yet. So under which option should i fill in the service certificate. Either on already completed or in to be completed in 31st october2011.

hellos I want to know that I am doing my article ship from alwar(rajasthan)...around 3 hours far from Delhi..

My query z that I want to know does there are any difference, If I did my article ship from here only instead of Delhi.?

I'm in My 1st year of article ship