I'm a CA Final student and my exam is due in Nov 2012. Many of my fellowmates have suggested me that in ISCA paper one needs to write institute language only to secure marks. Is it so?

Mr. A is an Indian citizen. He has stayed in since his birth. He has a joint bank account with his father in India. He got a job in Dubai (U.A.E.) in a hotel for a salary of 720000 per annum. He took the flight on 29/10/2012 for Dubai. Mr. A is remitting 1950 Dihram (i.e. 29000 INR approximately) at the end of every month in the joint acccount in India. Out of Rs.29000, Rs.10000 is used for payemnt of installment of his educational loan.
Is Mr. A required to pay Tax in India (his income is not taxable in U.A.E)
Whether is he required to file return?
Is he required to take prior permission from RBI for remitting the money?

I am pursuing CA and I have cleared IPCC in May 2012. Now I want to opt another course with this CA course, I am thinking about CFA (US), or ACTUARY. But in future I want to run my father's business in future, then which course I should opt.....


Plzzz reply me soon

Thanks for ur suggestions....

Sir/Madam

I have a certain query with reference to the groups cleared in Finals.
If I clear one of the groups in CA finals now, is there any time limit for us to clear the second group?? i.e, is there any chance that the credit/clearance of the first group is forfeited, if the person fails to clear the second group within a stipulated time.And if there is any, kindly help me in knowing the procedure/position/time limit etc...

Thanks

Dear Sir,

I Purchase Business Shop in April 2006 at Rs. 6 lacs. I used for my business purpose which is gift shop. At the End of June 2012 i Closed my business and this shop (which wdv as on 31st March 2012 is 3.80 lacs) given as Rent amount rs. 15000 per month.

I will sold my shop in March -2013 at amount of Rs. 15 lacs. and as on 31st March 2013 by shop wdv 3.60 lacs.

1. Pls. give me how much my Capital gain...? Whether is it Short term/ Long term and at which rate and how much pay tax.

2. If possible then, Pls. give in where i have to invest so that i have save my tax and which of theses buy House property / Bonds/ Commerical Property in with in what time period.

Pls. give in detail clarification on above.

Pls. given in urgent basis on my id : bhavin.cma@gmail.com

Thanks in advance....

My article-ship training is upto december 2013, now i want to go for industrial training.

please tell me the procedure for it, when to inform principal and what are the documentations required?

Sir,

i work in a developers office. we had placed construction of swimming pool order to a company. now the company has raised a bill in which they have claimed 67% of the bill on COT % and 33 % of the bill on 12.36% service tax.

Know my question is can i claim input tax credit on the 4% cot amount that i have paid.

please clarify.

Regards
K A

please be noted that for year 2011-12 tds payable shown in balance sheet is rs 800.54
but tds paid in april 2012 is rs 1944.14 ie excess of rs 1143.60
now my question is in 2012-13 with what entry should i rectify it
is it an income for 2012-13?
please give full accounting entry

Our Client is a transporter under partnership company. In the Financial Year 2009-10 he paid transports payment without deduction of TDS against the declaration of 15 I (Owner of Two Trucks). Some transporters not submitted his PAN Number.

Please anybody confirm me whether PAN numbers are mandatory or not.

Dear Expert,
One of my client exporting its services relating to software development. He is 100% exporter for services.
The turnover in current FY is Rs 9 lacks. I want to know that is Service tax applicable on export of services??
Is there any requirement to register with service tax department???