As per SA-700 Forming an opinion and reporting on Financial Statements (REVISED) Management may depart from requirements of financial reporting framework to achieve fair presentation of Financial statements but this is possible only in very few cases." Can anyone please give me a suitable example to clear out this stanza.

Dear All

Can a board delegate powers to Chairman to form committee as per companies act?

One of My client's Shop(Which was on Paghdi System) went for redevelopment. Now Builder is Offering New shop on Ownership Basis without any consideration.

As per Definition of Transfer, Transfer of Tenancy right will be considered as transfer.So my entire agreement value will be capital gain.

Now my question is from which date i need to Invest to claim exemption u/s 54F ---- from date of Agreement or From date of Possession???

Date of Agreement : 01/03/2013
Date of Possession : December 2014

Dear All,

We are capital machinery manufacturer and import major assemblies. While we export our machines, can we get refund of Custom duty paid at the time of import of assemblies?

If it is possible, please let me know the procedure of the same.

Dear All,

Please tell me important sections useful in tax audit & Explanation for these sections.

Thanks in advance.

Regards,
Santosh

I am confused with the deduction of TDS in case of reverse mechanism of service tax. I want to know that,on what amount i.e. the gross amount including 100% service tax OR the amount including the service tax which is to be paid by service provider in case of reverse mechanism, TDS will BE deducted.A numeric Example is Given Below:-
ALT-1
Taxable Service-10,000
Add S.T.@12.36%- 1236
Total -11,236
Less TDS@2% -224.72


ALT-2
Taxable Service-10,000
Add 25% of
S.T.@12.36%
(Manpower Services)-309
Total -10309
Less TDS@2% -206.18

Whichone is correct,Please tell me

Is VAT applicable on semi stiched textile products (Saree/dress). I know that it is applicable on Ready made garments but not on Textile products.
2. Can retail shop selling both readymade garment & exempted textile product get full input VAT credit on purchases made commonly (like printng & stationery, designer material etcs)

It would be compulsory for doing Vat Reg.under Form 101 in name of XYZ( main Co.) where one of its new branch is dealing in Retail now ??
Plz Help ..

top 500 bse companies who has changed their accounting policies from mercantile to cash basis.?

kindly answer the query..
what is cma data?? how to prepare it & what are the things to be included in it if it is to be prepared for private company ?? is there any specific format ??

I HAD GIVEN MY IPCC EXAM IN MAY 2012 BUT NOT RECEIVED MARKSHEET FOR IT.I HAD SENT AN EMAIL TO BOSNOIDA BUT DIDNT GET ANY REPLY.PLEASE GUIDE ME AS TO WHAT SHOULD I DO?