Hello Experts,

XYZ Associates is a partnership firm having 7 partners.

1. How can XYZ be a Member in a Company? Whether all 7 partners to be entered as Joint Holders?

2. Whether in Register of Members, its name would be mentioned? (Like Minor as "For XYZ..."?)

3. Is there any limit on no. of persons for Joint Shareholding?

4. If after making above firm as member can a Company take loans/deposits from it u/s 58A? Will it be exempted?

Thanks in advance.....

Dear expert,
I have a doubt that in case of service, which is having reverse charge of service tax, whether TDS has to be deducted on the value of Invoice or the value of service plus reverce charge of service also.

Thanks.

i am 35 year old of c a final student.i passed ca inter in nov. 2006. i appeared 12 times in ca final exam. i gave first group 8 times. but i could not clear the same. i got 192 marks in group 1. should i leave ca . i am totally depressed and confused. what should i read. how to read. what books should i read. please show me the way to pass group 1. i can not imagine life without ca degree. please suggest me the way. please suggest me the recommended books. i will be thankful to all of you. please help me because i am your nalayak friend.
Harish Chander
email hcyadav33@gmail.com
mob. no. 9717580320

claimed interest on self occupied house property 5 years back and loan paid back. Now purchased a new house can I claim now interest on housing loan. No rental income.

Respected sir,
I am rajasekar from erode, tamilnadu. I finish
my m.com and icwa inter. Early i know your professional income tax
course. Please send me the details of the course. please send me
contact details of chennai centre. I want to imeediately join to the
course. so pleae send me the coursr details immediately

Mail Id : svcarajasekar@gmail.com

Mobile : 8903644761, 9942652761, 9489844761

Dear Sir,
I have joined article ship in a Partnership CA firm in Delhi and receiving the stipend from my principle personal account not in the name of firm account whether it will effect on my article ship or not.


Please reply asap.

Dear Sir,
I have joined my ca article ship at merrut in UP.Now my principal is going to change the firm where he is a partner and want to join a new firm, whether i have to fulfill any legal requirement if i have also decided to go with the principal.

Please reply asap.

in case of import of service recipient himself liable to pay service tax but i have the cenvat credit of 10 lakh and service taxliablity of 2 lakh so can we setoff against cenvat credit or we have to pay service tax first without utilisation of cc and then only we can utilise.please answer with relevant section.

my company is a pvt ltd co. and it is a hospital. we hire man power for house keeping and security guards. under reverse mechanism i have to pay 75% of service tax. I am in confusion regarding what will be the amount onwhich ST has to be paid. the billing is as follows:

salary 6000*45 = 270000
Provident fund @ 12% = 32400
ESI @ 4.75% = 12825
Commission @ 10% = 31523

Total = 346748
Pls clarify the amount on which ST has to be calculated and remitted.
Some say that it has to be paid on 346748,
some say that it has to be paid on 31523.
Which is right? I feel that 31523 is the right amt because salary, PF and ESI are not services but only reimbursement of expenses.

Thanks a lot in advance.

Hello sir/mam.. I have given Ipcc exams nov.2012 attempt both groups and have full hopes of passing in both the groups.. I am planning to do training in may 2013.. But I am confused whether to join any big4 or any mid size firm... After completing my CA i will be doing the job for max. 4 years after that I will do my own practice.. So from the career point of view where should I do my training.. People say working in big4 does give good exposure of work but not of all the areas and departments.... We might excel in 1 or 2 departments but we wont even get to know how to handle other departments... On the other hand in a mid size firm rotation of work is given to the trainees and they get experience of all the departments... So plz suggest me what should I do... Thank you..