Dear Experts,

Do we need to take a NOC from previous PCS before issuing a Compliance Certificate to the Company??

I done my M.com from Pune University, I have total 10 years of experience with reputed companies. Now I am working with one US base software company as an Accounts officer. I can do up to finalization & very good knowledge of Tally, Payroll, Taxation, ROC, balance sheet finalization & MIS reporting. Just because of I don’t have MBA, CA or CS. I am not getting good salary. Many people I have seen that they get 30 to 100% more than me even they don’t have that much of experience or knowledge what I have.
So please advise me for my future career.
Looking for your kind cooperation,

Thanks & Regards,
HT
770 980 7070

Sir

I am running a propriotership firm and i am paying 18000/-, salary to my son who is looking after my business as manager, Now please explain me if i paid Tuition fee of my grandsons on behalf of my son and adjusted the same from his salary is it ok as book concern. Please solve my query ASAP.

Thanks & Rgds

Mukesh kumar

I M GIVING GRP 2 EXAM OF IPCC THIS NOV 2013, I WANT TO KNOW WHICH BOOKS SHOULD I REFER FOR EACH SUBJECT.. PLZ PROVIDE ME WITH DETAILS HOW TO GET PRACTICE MANUALS(SOFT COPY)... PLZ HELP ME ... ZYADA TIME NAHI BACHA HAI ?

Dear Experts,
Can we Charge Excise Duty on Freight Amount as well, if we are issuing a Manufacturing invoice to customer and freight amount we are getting as a reimbursement. But we are mentioning over the invoice.

For charging interest on service tax,invoice to be raised for the interest amount or debit note or voucher.

Customer not paid the service tax for the previous period, now paying the service tax amount, Company is depositing the service tax amount with interest to the department now.

So customer is asking invoice for the interest amount. What will be the correct solution.

I have made cash expenses of Rs 32000/- in a single day under different expenses head and different parties.for Exp: - Dt 1 Oct 2013, we made expenses and booked in cash book on same day - Rs 15000/- for food exp paid to XYX hotel, Rs 8000/- to repairs and maintenance to Mr. ABC, Rs 9000/- for printing & stationery purchase paid to LMN enterprises in cash total Rs 32000/-. so will it disallow u/s 43A.

Please advice.
Rgds,
Harishchandra.T
770 980 7070

Please give your views for the following queries:

Q1. Can a private limited company be incorporated as Investment Company without registering it as NBFC?

Q2. If not, whether non investment company (company with main objective other than investment) do investment in shares of other company(s)? What is the consequences if investment constitute more than 50 per cent of the total assets and income from such investment constitute more than 50 percent of the gross income?

Q3. In which situation, a non-investment company will become core investment company and it will become deemed NBFC?

Q4. If a non-investment company holds at least 90 per cent of its assets in the form of investments in equity shares, preference shares, debt or loans in group companies, then whether it will be treated as core investment company?

Q5. In question no. 4, if a non-investment company holds at least 90 per cent of its assets in the form of investments in equity shares, preference shares, debt or loans not in group companies(In investment in other company is less than 20%), then what is the consequences?

Q6. Which the best option to start investment business activity along with or without any other business objective?

A public company has 7 directors and same are share holders also. Now 6 of them want to resign and 2 new want to join as directors. And the entire share holding needs to be divided among 3 new directors. Kindly tell the procedure to do so. Thanks.

dear sir
we have hired vehicle for pickup & drop of company employees & cab owner is not registered with service tax department

please tell me how much service tax we have to deposited is 40% or full while we are not taking any credit for the same

& what are the accounting code to deposit the same