A proprietory concern providing CA services has been in existence for 30 years. Total service income for the past few years is around Rs7 to 8 lakhs.
New partners have joined the firm during the year and the existing work is split between all three partners. The cumulative billings exceed 10 lakhs. However the billings are also split based on work done. So the firm and its partners individually do not cross 10 lakhs. There are very few additions after the firm was formed.

In future if a Service tax scrutiny/query comes up, will there be a contention from the service tax department that the firm was formed to escape service tax liability? Can it be argued that service income is based on work done by respective partners, although they were brought in by the original sole proprietor by virtue of his long standing practice?

hiii..i completed my b.com in 2006 with 48% marks then in 2008 i cleared cpt.In 2010 after marriage i got registered for ipcc but due to my negative thinking and fear i did not appeared for exames despite of filling examination forms two times. my husband is very positive and determined towards his goal also inspiers me to continue CA.Right now i am 28 years old and pregnant and want to appear for ipcc in may 2016.if i become a chartered accountant what will be my professional scope after the age of 35. can do something else or course on B.COM basis but i loose my heart due to poor marks. do reply p/z thank you

What treatment will be given to existing loans and investments by the private Company.

The said loans and investments are more then threshold limits prescribed in the 2013 act.

dear all
i required format of moa and aoa as per new act 2013 for formation of new company.
object of company is "Engage in the business of electrical engineers, contractors and to render all kinds of engineering consultancy and technical services, all kinds of contracts and fabrication works"

plz, send me asap on my mail id:- prakashkings@icai.org

if I have to file service tax return of a person under RCM and 100% service tax is paid by the company to which service is provided as director then how i will show the taxable service in that persons return

FOR LIC AGENTS WHAT TYPE OF DEDUCTIONS CAN BE TAKEN FOR COMPUTING INCOME TAX

Hello... I'm IPCC student, I got exemption (65 marks) in Adv Account (paper-5) & failed in ITSM. But it is very less. Can I give this paper again for gaining more marks. and also tell me if I get less than 65 marks, then which marks icai will consider.

hello sir, i have one query i want to know about rent reciept if i am servicing in bangalore but i have rent reciept of mumbai so i can claimed my rent reciept in income tax.

I have a Labour Bill which is dont have any subcontractor invoice so my question is that if any Running Account(RA) Bill, Labour Bill dont have its contractor or subcontractor invoice attached with it then what will be the affect to the particular company ?

please reply as erliest..

Dear Team,

I am working in a leading Private Company

We have two types of Dealership Deposit

1) Refundable
2) Non Refundable

For Rs.10,000/- Deposit we are providing Android Technology Instrument charging Rs.5000/-Non Refundable and Balance Rs.5,000/- on conditional Basis that they have to pruchase the product value Rs.15,000/- so that Rs.5,000/- will be refundable.

TIME Limitation is 1 Year for Purchase

How can we treat in Accounting entries where to group this deposit and tax implications.

Regards,
Sankara Narayanan
Sankaranarayanan@hotmail.com