an employee who is getting more then 15,000 wages in a month is lible for the act of ESi...or it is mandatory for him

one of my client's asset worth 150000 (book value 100000) was damaged by a creditor by accident and also reimbursed an amount of 60000 and actual repairs incurred for us were case1.40000 case2.90000 case3.can't repair, totally damaged. what are the accounting entries to made in books of accounts in there three cases thank you

i know its pretty basic. n i cant find it on the internet too. can anyone name some specific case laws or actual court cases on the topic "creation of charge/satisfaction of charge" mortgage/encumbrance topic..

We have purchased a house, say of Rs. 25 Lakhs and made the agreement in December 2011. The payments were made in FY 2011-12 & FY 2012-13. Suppose Rs. 5 Lakhs is paid in FY 2011-12 & the balance in FY 2012-13. what will be the rate of Service Tax payable on the amount of the house?

HI, I HAVE ONE QUERY TO ALL RESPECTED MEMBERS AND MY FELLOW STUDENTS.....
-ONE OF MY CLIENT WAS WORKING IN A "X" PVT. LTD. COMPANY AND AFTER WORKING FOR 3.5 YRS, HE LEFT THE JOB AND JOINED "Y" PVT. LTD. COMPANY.

-NOW HE GOT SOME LUMPSUM AMOUNT SAY RS.200000 FROM HIS RECOGNIZED PROVIDENT FUND ACCOUNT HELD IN "X" PVT. LTD., COMPRISING OF HIS OWN AS WELL AS EMPLYERS CONTRIBUTION.(TDS HAS HAS BEEN DEDUCTED ON ABOVE 200000)

-NOW AFTER JOINING THE 'Y" PVT. LTD. COMPANY, HE DID NOT TRANSFERED THE ABOVE LUMPSUM AMOUNT IN HIS PROVIDENT FUND ACCOUNT IN "Y" LTD.

- NOW MY QUERY IS THAT HOW MUCH AMOUNT FROM ABOVE RS.200000 WILL BE TAXABLE...
(a) whole 200000 (b) only emplyers contribution rs.100000
(c) only employees contribution of rs100000 (d) full amount of rs.200000 exempt.

I registered for ipcc on feb 9,2013 under transition scheme(cpt to ipcc). I have not been completed ITT and OP nor registered for article training due to health problems. now What should i do for to appear in may 2014 attempt or nov 2014 otherwise.Guys please help me

If a person apply for new PAN and after getting PAN he know that his PAN already registered with income tax department without his knowledge by tha person who forward his application to NSDL than what I can do against that person?

The opening stock is overstated by Rs 10,000
and closing stock understated by Rs.15,000.the impact of net profit on current year is


ANS Rs 25000 understated (can you just elaborate how?)

My sole proprietorship concern exported the adhesive on credit to the overseas buyer and received the duty drawback from the Government of India. This amount was directly credited to the account of the concern. After the export is made , the goods are found to be defective . The overseas buyer has not paid for the goods as the goods were defective. My query is whether the duty drawback received has to be paid back to Govt. Of India ? If yes , what is the procedure i.e. to which authority amount is to be paid , whether interest should be included ,in whose favor cheque / draft should be drawn, whether any form is to be filled in etc.

I will be tankful if this query is resolved.

what if someone not clears ca final in 1st attempt. after what duration can he reappear for ca final exams