Dear Experts,

We have a partnership firm running for last two & half years and now one partner is retiring from 31.03.2014 settling his all account mutually agreed and one new partner is joining on the same day without dissolving the Firm. I made a draft for Partnership Deed-Retirement and Admission will be effected from 31.03.2014 and also made a separate draft for Partnership Deed-Admission and Reconstitution which to be done/effected on 01.04.2014 as the new partner will put in capital on 01.04.14 in the newly constituted firm. I do not want to prepare a compact deed for retirement & admission for submitting future returns separately with departments. I wish to get registered the retirement & admission deed only.

Q.1. Is it Okay or necessary to prepare one compact deed and from when the new partnership will be effected from 31.03.14 or 01.04.14 considering the separate deed?

Q.2. What are the procedures for intimating for PAN. TAN, VAT and Bank?

With thanks

S. K. Roy
(skroy712@gmail.com)

Hi
According to Circular 1/2014 TDS is to be deducted on amount exclusive of Service tax.
For example
I have come through an entry indicating
Exp - 2500
Service tax + Edu. Cess - 309
TDS(2%) - 57
Is it correct?
From which date this circular is applicable?

hello Sir/Mam, My brother is in Ipcc, appearing for both groups in may 14, pls suggest best self study books for Accounting & Adv Accounting, law , Audit. Presently he is refering Padhuka's Publication, Author- G sekar & B saravana prasath for Accounts and Adv. Accounting but he is finding difficult to understand some chapters like Amalgamation, Partnership, hire purchase, branch accounting. He has not taken any class, Can you please suggest me any other book(s) which is easy to understand and concept clearing as time remaining is very less.also want to know best and easy book for accounting standard other than D.S.Rawat....Thankyou.

helo mam, My brother is in Ipcc, appearing for both groups in may 14, pls suggest best self study books for Accounting & Adv Accounting, law , Audit. Presently he is refering Padhuka's Publication, Author- G sekar & B saravana prasath for Accounts and Adv. Accounting but he is finding difficult to understand some chapters like Amalgamation, Partnership, hire purchase, branch accounting. He has not taken any class, Can you please suggest me any other book(s) which is easy to understand and concept clearing as time remaining is very less.also want to know best and easy book for accounting standard other than D.S.Rawat....Thankyou.

Sir,

I have joined articalship as on 15th May2012, Due to some personal problem I not completed/Registered GMCS 1 till now. now please advice me about penalty or effect of it.

1. Can now i able for join GMCS 1?
2. If yes then when my GMCS 2 Due?
3. Due to this my final exam attempt and articalship effected or not?

I am affraid about my articalship & final exam attempt, I am not want more delay in my final exams. So Kindly aware me effect of this.
Please help me.

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