One of my clients who is an NRI till 31.3.2009 was in employment till May 2009 in UAE and earned in his income there. He returned permanently to India and took up an employent from 1st July 2009.

For the FY 2009-10 he is a Resident but not ordinarily resident.

The issue is the income earned by him in april and may 2009 in UAE is it taxable in india? if so what is the exemption under DTAA?

Can anyone provide valuable suggestion?

Dear Sir,

We are contractor and making residential complex under scheme of Jawaharlal Nehru awasiya yogna under central govt. scheme in uttar pradesh. Please tell me whether service tax would be applicable on the above as state govt is deducting WCT @ 4% on the billing amount.
If service tax is applicable then at what rate i have to deposit service tax and further can i claim my input credit to pay the service tax liablity.

I would like to know that whether the provisions of section 40(3) are applicable if payment is made exactly for Rs.20000 in CASH?

Further, if a loan of exactly Rs. 20000 is accepted during the year and then repaid, are they required to be reported in FORM 3CD?

would there be any difference if the loan of Rs. 20000 is accepted and repaid in CASh?

Hey
As we know, this Nov'09 is the last time that the CA FINAL exams will be held as per the Old course.
What I would liketo know is, if a student has cleared one group of CA Final under the Old Course, and is unable to appear/clear the other group in the upcoming Nov'09 exams, then will they have to register afresh for the New Course and appear/clear BOTH the groups again, even though they have already cleared one group earlier?
Also, what is the procedure for 'migration' to the new course?

i m currently doing my articleship in a proprietory firm but i m not happy with it since work assigned to me is mostly of typing etc. i also hav problem for leave for exams.. my sir is only ready to give leave for only 1 month before pcc.. can i take transfer??

When a survey is occured at some assessee, than there would be no survey in next 6 years of previous survey.Means is there any cooling period after one survey for an assessee? If no, than tell me the criteria for choosing the assessee for survey by the income tax deptt.
pls this is challenging question pls answer it

Dear all,

What is the procedure to be followed by a seller to raise a second excise invoice in case the first get misplaced in transit?

Pls expalin .

Dear All

We were using a rental office for the F.Y. 2008-09 @ Rs. 440/- per month in Chawri Bazar, Delhi -06 . In whole year we have paid to the landlord a sum of Rs. 5280/-. Now the landlord in insisting to pay the service tax @ 12.36% on Rent for the above period. Are we liable to pay service tax or not?????

Please let us guide at the earliest.

With best regards,


Vijay Mishra

I am from Columbia Asia Hospital P Ltd. One of our vendor has supplied a lab equipment on lease basis. Its market value is around Rs 25lakhs.The agreement is as follows - the vendor supplies the equipment freely, but we have to purchase the consumables which is to be used for that equipment from him only at agreed rate for 5years with a minimum of Rs 50000/-per month. After 5yrs our company will become the owner of the equipment. During this lease period we need to bear AMC cost.How to treat this as Asset in the books??? The estimated life of Asset is 10yrs.Kindly advice.

Hello Experts,

Can u pls tel me that , can CARO-2003 is applicable to STPI
STPI means Soft. Technology park of India & not the companies registered under it.

Please tell me any refrence for applicabality or non applicability of CARO to STPI