Whether is it necessary for an alumini association ( A Non-Profit organisation) to obtain a PAN Card. If it is required can any one help me with the procedure to be followed for obtaining a PAN card.It is a Registered Organisation under Registrar of Societies.

Hello everyone, Last year in august I cleared both groups of IPCC in one attempt and by God's grace I got into one of the big4. Initially I wasn't getting into it and remember being dejected. I was joining a small size firm and got a call on the morning of joining that I have been selected for the big4. I happily joined in September. 10 months into it, I have seen all kinds of things you get in big4 life. Big industries and plants, working 18 hours a day, working weekends, healthy stipend and all. It has been a very good learning and growing period for me. I got an exposure of multiple industries, audit areas to work on and different teams to work with. But I feel that as a CA student I have zero knowledge about taxation. I don't remember anything of tax I learnt during Ipcc. I am in doubt if I should continue here or join a mid size for more exposure to tax. Frankly, the work here is hectic, but not much of learning. I am checking invoices and signatures to a large extent. I always wanted to be an entrepreneur and plan to pursue my dream after completing CA. I know audit is not my cup of tea. I feel that in a big4 I am getting restricted in thoughts and knowledge. My primary aim is to be a CA with good knowledge of all areas a CA works in and not just to specialise in one. My parents are leaving it on me to decide. For me stipend is not an issue and I really won't give an ear to what people will say about my choice. So I would like to asked those experienced if I should continue in this big4 or shift to a mid-size. I have time till september to decide. I know many people (including me) crave for a big4 articleship. I am myself in a confused state. So could you please give your view with REASONS. Thanks.

sir, i would like to know how to find the value of FDR before 2 months. for example FDR invested on 11/5/2011 iwant to know the value of fDR on 31/03/2011 and how to calculate interest on fdr on Various Dates AND in days. Sir i hope i will get full detail related to fdrs

Dear Experts,

1. Our client has made settlements for about 120 employees during 2012-13 F.Y. which includes Gratuity, Retrenchment Compensation, Leave Encashment, Other settlement amounts. All above compensation will exceed basic exemption limit before claiming Section 10 Exemptions. Do we need to issue Form 16 by filing TDS returns to all workers?

2. How much is the maximum exemption limit for Retrenchment compensation? Is it Rs. 50000/- or Rs. 500000/-?

Thanks in advance.

Dear Sir,

I have query regarding TDS on Rent.I have case where one compnay had paid rent net of tds in march 2010 without booking exp and depositing tds now in dec 2012 expense of rent was booked and tds paid with interest
now that owner has rent out his asset in 2012-13 to other company where he received rent for tweleve month deducting tds and it is reflected in 26 AS with first company had booked exp and deducted tds is also reflected in 26 AS.and 26 AS in asset owner account with 13 months rent as first comapany booked exp in dec 2012.Now what should do by Asset owner and First Company

Please reply

Thanks in Advance

Dear Experts,

One of my clients has just started the electric vehicle maufacturing concern as a private limited company. He would like to recevie FDI to the extent of 10% of share value. The foreign company will have 10% share in the indian company. Whether the foreign contribution can be transferred to the indian company's bank account under AUTOMATIC APPROVAL ROUTE under FDI POLICY. Is there any other formalities. The total capital would be 10 crores and the FDI would be 1 crore ie 10% share. Pls guide me.

If a company takes a bank Guarantee for a specified period from the Bank and against it it mortagages the equitable mortgage of land & building which belongs to Directors,is it mandatory to file a Form 8 for that?

One of my Client has wrongly mentioned TAN NO. whiling paying the Challan of TDS.
As nothing is mentioned in newly website of TDS i.e. www.tdscpc.gov.in , I would likely to know the Rectification Procedure?


Urgent reply required.

THANK YOU.

can anyone please tell me:

while downloading the justification report utility from tds cpc site , when we open the justification report utility and while selecting the .txt file there is query coming that :
Compile Error in hidden module: Main_Module

this means that you should unprotect the protected the excel sheet.
but while downloading the utility there is no such password given to unprotect the sheet.
so please anyone tell me urgently that what is the password to unprotect the excel sheet.

please tell me on very urgent basis.

Dear All experts,

Please provide ESI details, and when we deposited to govt., Last date for return and challan.

and same query for PF.