i need guidance from experts about how to deal with my studies in the next 3 months ....i will be giving ipcc group 1 in may 14...... i have no problem in accounts and law and fm .... please tell me how should i do costing and tax .....i just don't want to pass but i want to perform really well in exams.... please tell me about the books as well.....
thanks....

I am a CA final student. My articleship started on 7th June 2011. My exam is due in May 14. By what tym I need to complete my GMCS? Is there any time limit for it? I searched the institute site for it but the new GMCS 1 and 2 rule is confusing me.

Dear Experts,
Can we avail abatement under VCES for service tax (ST) on builders.

From which period ST started for builders?
From when abatement is granted to the builder's service tax?

(Builders- Construction of Residential Complex)

One assessee has its principal place(Head office) at PLACE A and has its branch at PLACE B

Whole service tax is being deposited from PLACE A also accounting and everything (except billing ) is done from PLACE A.

The PLACE B has not been mentioned in the registration certificate ST-2.

books of accounts are being seperately being maintained of branch at head office only. Also bill books are seperate of branch.

The question is:

the whole service tax in total is being paid from head office.

There is no claim of CENVAT.

should be penalised by how in service tax

We have not filed the ST-3 returns for the financial year 2008-09, 2009-10 and 2010-11. During these relevant years late fees for late ST-3 returns was Rs. 2000 (Maximum).
But as of now the maximum amount of late fees is Rs. 20000.

So if now I would file the st-3 returns, should the late fees be rs. 2000 or 20000. And will it be late fees or penalty.

Also can i opt for VCES, provided all the due taxes for all these years have been deposited long back in 2010-2011.

While reconciling it was observed that
In case of one party bills booked on time but not paid for two years. However party not asked for payment for that specific bill.Then can we put that bills in suspense. Other wise rest account is reconciled. if yes should we put in suspense in current year because balance sheet of previous yr is finalized. Let me know accounting treatment. Also let me know if there is any other alternative accounting treatment

Sir,
What is the treatment of Housing loan (Int. and Principal) deduction in case of second housing loan? and if second house is taken in the name of spouse and payment was made my assessee so if he can claim deduction of Int. and Principal or he can claim only Int. deduction??
Please help.

Hello sir.. Good evening sir i want to know why govt. introduce the concept of revrse charge, how can minimize tax evasion by this. if there is any reason plz tell me i am waiting for ur valuable reply. Thanks...

Hi, Apart from the advantages of LLP Over a private company in the lines of lesser compliance burden and tax advantages .. does the vendors suppliers and bankers see LLP as less credible and trust worthy over Pvt company Awaiting your insights on this Thanks in advance

sir i have a query
I went to a Trust for audit,here any donations by people to trust are eligible for sec-80g deduction,usually the trust accept general donations from pepole,but now the trust members were acccepted building fund(donation) by some people,and they make one stamp on receite of donations which indicate donor is eligible for 80 deduction,but the trust members are in confusion to make stamps on such building fund donors to make them eligible for exemtion,,,is building fund(donation) donors are eligible for such donations or this 80g section prescribed any conditions for donation?