Anonymous
04 September 2013 at 13:15

Auditors increase of fee

Can anyone advice whether increase demanded by stat auditor for previous year fees is an ordinary business or special business


CA Sanjay Baheti

One of our Professional colleague is practicing as Chartered Accountants under the Status of partnership Firm having 3 Partners.

The Firm is paying Partner's Remuneration to partners as specified in partnership Deed & as per I.T.Act.

During the year 2012-13 one of Partner who headed/Looked after the office is getting Rs.600000/- as Partner's Remuneration & the same is allowable as expenses in the hands of Firm as per law.

The said partner is also having a Motor Car
in his individual name but the same is used for official purposes of Firms Profession. Moreover the partner also have vehicle Loan
on the said car for which he is paying Interest on such loan.

Now query is whether the partner is eligible to claim as expenses like Depreciation on Motor car,Petrol Expenses & Interest on such Motor car Loan paid during the year under consideration from the Partner's Remuneration of Rs.6.00 Lacs as Business or Professional Income while computing his Individual Taxable income for the purposes of filing of ITR relevant to Astt.year 2013-14 or not.

If yes then cited any case law as per I.T.Act.



Anonymous
04 September 2013 at 12:56

Usage of c form against copy right

Hi,
As per AP Commercial Tax Dept, CST@5% is applicable on Copy right. My query is whether C form can be obtained and tax charged CST@2%



Anonymous
04 September 2013 at 12:52

Tds

TDS on rent including servicing or excluding.


Rithin Cheeniyil

Dear Experts,

We manufacture customised products as per customer's order and design.

There are situations like rejection of goods (1) which can be rectified by re-work and (2) complete rejection of goods i.e. goods will be scrapped.

Can we take CENVAT credit on rejected material in both above said conditions?

Thanking you,

Rithin


Ankan
04 September 2013 at 12:42

Articleship

Sir,
My 1 year of articeship has been completed and now i want transfer because my CA is not reliable with my tutions.
What reasons should i give in my transfer form to the institute so that my form gets accepted by the institute.


goutham
04 September 2013 at 12:42

Termination

good morning sir , i took termination form 109 from my principal on 16/07/2013 and i joined in new firm as on 17/07/2013 but i executed my deed on 24/08/2013. till now i didnt sent form 109 and 103 to institute. sir please tell me what to do now.. and is there any prob to my final attempt? i registered with my peivious principal as on 12/04/2013


saikat bhattacharyya

Dear sir, I am fully new in the cost accountancy course. I have taken admission under the syllabus 2012. According to my admission my first term of intermediate exam. is june-2014. Please tell me the criteria to be fulfilled for qualifying to sit in the exam. in june- 2014.(I am working in private organisation.)



Anonymous
04 September 2013 at 12:36

Appointment of an md

Dear Sir/Ma'am,

Query:

Mr. A is an MD in a public company. Now we want to appoint him in a private company also. What are the relevant sections and procedures to do the same.

Thanking You

Regards



Anonymous
04 September 2013 at 12:36

Tds 194c

Sir,
There is no transaction exceeding Rs 30000, for vehicle hire chages. And TDS is deducted under section 194C.
Kindly help for the same. Is it correct to deduct or not?






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