sir,
Ive registered my self under ICWA course inter programme, i wanted to know that weather i can do my articleship under an practicing chartered accountant? oer is that ive to compulsorily do it under a practicing cost accountant

My brother gave interest free loan to my wife
in financial year 31.3.12. Can this loan be converted now into Gift by book entry and
making a notorised gift deed or first the loan has to be returned and thereafter cheque
for gift will have to taken.

if a proprietor concern buy material and send to other manufacturer for manufacturing the finished products, on receipt of these product the proprietor concern sells these goods to another company. I want to understand if his turnover crosses 1.5 crores he is required to get register with Central Excise

A demand has been made under the above section for a certain sum. How to deposit in the itns form 280. what parameter will I choose ? Is it 300 or 400for ticking 'type of payment'. I had submitted the return on ITR I. I am pension holder.Shall be glad to receive your reply.
2. It is also revealed that when I submitted the return I had wrongly filled the TDS Deductor's code, as a result there was a mismatch with 26AS. Can it be corrected after depositing the demand made.
Thanks for your cooperation sir.

A proprietor had a turnover of 30 Lacs in F.Y. 2012-13. This year i.e. F.Y. 2013-14 he is expecting his turnover to reach 1 crore. Till date i.e. April 2013 to aug 2013 his turnover is 42 lacs.

He pays rent of Rs 50,000 p.m. to a company.
Now,
1)Is he liable to deduct TDS on rent, NOW?
2)If not now then should he deduct TDS
i) from the month (say January) when is turnover reaches 1 crore (as he become applicable for TAX audit), OR
ii) From Next Financial year after his turnover reaches 1 crore i.e. from April 2014 and onwards.???

Sir, I had Filed Form 8 for creation of charges and it showed a delay of 109 days., and told to file the condonation for delay., i had filed the Form 24AAA and got a order to pay a Fine Of Rs.2200/-, and inform the payment to ROC.

My doubt is on which SRN no. I have to pay the penalty .. on the SRN of Form 8 or the SRN of 24AAA., and also after the payment how i have to intimate to the Regional director .. Through which Form.Please reply me sir...

Dear Sir\Madam,

I am doing my CS interenship in india. I have cleared my papers already. I am planning to move to Canada after completing my CS

Could you please let me know if i can work as CS in Canada? DO i need to clear any additional relevant exams in Canada??

Thanks in advance.

Hello Friends,

I would seek your help to understand how to determine the Debentures in any company. I am a part of Pvt. Ltd Co having a paid up & Autorized capital worth Rs 100millions & 150 Mns respectively. Could anyone please suggest How the Debenture concept works and upto what exrent my company can issue the debentures. Please do let me know the process as well.

Many Thanks for all the supports.

Rgards,

Dear Sir,
I am Arpan Goenka director of ( ABC Jewellers Pvt Ltd ) name changed because of privacy purpose.
I have purchased 1350 gms gold 24 carat as a investment purpose from gold bullion in Sep 2010 at
Rs. 25,73,000/- . I have also showed in my books as investment. Now I want to sell as I think gold price is too much.
And If I sell today after 3 years, which is suppose to be long term again at Rs. 42,00,000 approx., Do I need to pay
tax ? And if yes then why ?
My CA told me few things :-
(1) I have to pay MAT which is approx 17,00,000 * 18 % = 3,00,000 approx to govt.
(2) After that also profit money I can't share amont directors. I have to pay DDT.
(3) So he is planning to transfer my company to LLP . Is it Ok. Does in long term gain we dont have to pay AMT in LLP ?
Please advice.
Thank you
Arpan Goenka

Assessee is a Pvt. Ltd. Company.
Suppose for the month of Oct 2012, he has deposited the service tax in the month of Jan 2013 without calculating the interest.
Now, before filing the ST return for the period Oct'12-Mar'13 he wants to discharge the pending interest liability as well.
In such a case, will I have to calculate the interest as on date or upto the date of challan deposited earlier.
Kindly reply.