Dear Sir,

Under direct entry scheme is it compulsory to do ITT and orientation programme Training before starting articleship or we can do it while doing articleship.

Thanks.

IF TURNOVER OF A SOLE PROPREITOR INCREASES FROM 9 LAKHS TO 48 LAKHS WILL IT ATTRACT INCOME TAX SCRUTINY

IF TURNOVER OF A SOLE PROPRIETOR INCREASES FROM 9 LAKHS TO 48 LAKHS WILL IT ATTRACT INCOME TAX SCRUTINY

A Private limited company is alloting shares to its directors.The FMV Calculated as per section 56(2)(viib) is Rs25 and company is issuing share at Rs. 20/-

1. Whether the difference amount between FMV and Issue price will be taxable in hands of directors u/s 52(2)(viia)?

2. Also whether there will be any liability in hands of company?

Pls reply asap

Thanks in advance

Hello everyone,

one of my client is a dealer of glass products. He has interstate as well as intrastate purchases and sales.

For transportation he is currently paying transporation charges. Now he is burying his own vehile for transportation.

MY question :

Can he claim Input Credit of MVAT paid on purhcase of vehicles and if yes how to take set off ?

waiting for the views of the experts.

Hello everyone,

one of my client is a dealer of glass products. He has interstate as well as intrastate purchases and sales.

For transportation he is currently paying transporation charges. Now he is burying his own vehile for transportation.

MY question :

Can he claim Input Credit of MVAT paid on purhcase of vehicles and if yes how to take set off ?

waiting for the views of the experts.

Please let me know the site to find out industrial training vacancy in Jaipur. I have visited charteredclub.com but it does not show vacancies in Jaipur or job location Jaipur. Whether industrial training can be done in metro cities only.

I am employee in BPO serving my 9th year of service, as i heard if the PF deposit amount cannot be laid in for more than 10 years. is that correct if so what is the procedure to withdraw PF amount. If not withdrawn what is the impact for PF amount

Sir,
I have a query regarding Custom Duty Refund-
We are exporters and we have huge balance in Custom Duty Refund under appeal and order has been passed by the Commissioner of Customs (Appeals) in case of some vessels which have been taken into account on the basis of such order.
I want to know whether other amounts can be taken into account since the order passed is for the same subject matter and on same ground.

Kindly reply at earliest.

I have completed my 2years articleship on 2nd june,2013 but i havent passed group 2 of ipcc, can i take termination from the current principal for the sake of industrial training and then join later when i will be eligible i.e after passing group2 of ipcc, is their any time limit within which i should join industrial training after taking termination??
please do reply me