Dhanraj
19 February 2013 at 15:29

Revalidation of registration

Sir/Madam,

My registration for ca final is before 31 December 2008. So, I need to apply for re validation. Is the re validation fee nil???

Thanks in advance


Vinay B L
19 February 2013 at 15:25

Additional director

Dear Members,

I have a query regarding regularisation of an Additional Director.

One of the private company appointed Mr. A as an additional director on 28th July 2005, but did not regularise his appointment in the subsequent AGM. (the reference about the regularisation has not been brought in the notice of the AGM as a special business)

Further till the year 2011 the Company has filed all the Annual Returns with the ROC, wherein the designation of Mr. A is shown as "Additional Director" in form 20B (prefill option) but the attached schedule V shows his designation as Director which is signed by the other Directors of the Company.

Since section 260 of the Companies, Act and even the AOA of the Company, restricts the tenure of the Additional Director till the next AGM, Mr. A ceased to be director in the year 2005 only as his appointment was not regularised.

Further the Additional Director has not signed any of the documents, on behalf of the Company, till date. Now the other directors do not want Mr. A to continue as director. Additional Director is not participating in the business of the Company and is not willing to provide the resignation letter.

My queries are as under:
Is there any requirement of including the special business in the notice of the AGM, if the Company does not want to regularise the appointment of the Additional Director?
In the instant case is it sufficient if we file the revised 20B for all the years along with one Form 32 as on the date of AGM of 2005 for vacation of office of Additional Director?
Kindly guide me.

--
Thanks and Regards
Vinay B L


Vinay
19 February 2013 at 15:24

Service tax on overseas freight

WE HAVE BEEN IMPORTED INDUSTRIAL ACCESSORIES TO USE MANUFACTURING PROCESS FROM GERMANY.

THE SUPPLIER IS CHARGING FREIGHT IN THEIR BILLS.

SHOULD WE LIABLE TO DEPOSIT SERVICE TAX ON OVERSEAS FREIGHT .

PLEASE CLEARFY.


THANKS

VINAY KALE


Sneha Sharma
19 February 2013 at 15:21

Articleship under direct entry scheme

Hello, I am already working in the Research department of an Indian Company, I have enrolled myself for the IPCC, both groups under Direct Entry Scheme. My question is, is it necessary for me to undergo 9 months of article ship, if I want to sit for Nov 2013 exams? Do I need to quit my job? And what is the last date for registration of ITT Training and Orientation programme.

Thanks


Raajesh
19 February 2013 at 15:15

Regarding articleship

Sir,

I've just got through the first group of IPCC which was held in Nov-12.
But, I haven't completed my IT & Orientation Course. Now, I wish to get registered for articleship.
Is it compulsory to complete the IT & Orientation course in order to get registered for Articleship???

I'm having some domestic & personal reasons which could not allow me to do IT & Orientation Course.

Suppose, If I opt for conversion for DIRECT ENTRY TO IPCC, should I still be bound to appear the first group again or will I get the exemption..????

Please help me, I want my articleship to start as early as possible..


Raajesh
19 February 2013 at 15:10

Regarding articleship

Sir,

I've just got through the first group of IPCC which was held in Nov-12.
But, I haven't completed my IT & Orientation Course. Now, I wish to get registered for articleship.
Is it compulsory to complete the IT & Orientation course in order to get registered for Articleship???

I'm having some domestic & personal reasons which could not allow me to do IT & Orientation Course.

Suppose, If I opt for conversion for DIRECT ENTRY TO IPCC, should I still be bound to appear the first group again or will I get the exemption..????

Please help me, I want my articleship to start as early as possible..


surbhi jain
19 February 2013 at 15:07

Interest on investment

Please quote any of the case law where assessee is following mercantile accounting system but in order to account for interest assessee has used cash accounting system???

Whether such method of accounting is allowed or not??

If allowed kindly quote any relevant case law


Krunal Jani
19 February 2013 at 15:02

Advance tax

i have a query related to advance tax n tds... In an article i've read that an individual must pay the tax in advance if his total tax payable exceeds rs. 20000. And at the other hand, in a well known ref. Book i've read that if advance tax payable [total tax - tds] amount does not exceeds rs. 10000 then it is nt necessory to pay the tax in advance.
In a case, total tax payable is rs. 37200. And tds deducted rs. 32000. So self assessment tax comes rs. 5200. Then should that person pay the tax in advance or not? Is he guilty n liable to pay the penalty if he did nt pay the advance tax?

Thnx...



Anonymous
19 February 2013 at 14:58

Registration in cs being in ca final

Please any one guide me as i have a query relating to registration CS Course.
I have my attempt CA Final Exam due in May-2014, should i enroll for CS Executive as its last date is 28 Feb 2013.
i want to know whether it beneficial or not...
Humble request to please guide me asap.



Anonymous
19 February 2013 at 14:37

Query

Mr. A sold goods worth Rs. 15000/- to Mr. B, now at the time of payment Mr. A suggested to Mr. B that he should pay to him Rs. 13000/- only and the rest Rs. 2000/- paid to transporter of such goods.
My query is that adjustment made as above is permissible in book of accounts as per incometax or tax audit ? or whether sale is to be considered to the extent of 13000/- ?
Please do needful help.






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