dear sir,
I would like to know what are the general questions asked in an interview to the applicants applying for CA articleship in a reputed firm?

An Indian private ltd company which satisfies first four conditions of sec 2(f) of Companies (Accounting standard rules) 2006 to qualify as a smc. But it is a subsidiary of a foreign company which has the turnover of more than 50 crores during the immediately preceeding accounting year.
In that case will the Indian pvt ltd company be smc or non smc? Thank you in advance.

Dear Member,

A manufacturer has not file ER-3 Qtr returns for Cenvat Credit Details from June 07 to Mar 09.
Dept. issued show cause notice for all the non filling of returns and charged penalty under Rule 27 of CER but they charged the Penaly for each return in one consolidated SCN?

Is it right?

Can any one give me the detailed procedure to increase the authorised capital of a private limited co. from 10 lacs to 50 lacs..?
Which are the forms to be filed with ROC & Other Documentation required, if any?

Thanks in Advance...

can we issue new share certificates with new distinctive no by destroying existing complete share certificates?

nothing is written in law for this.

Is there any practice that is followed?

As per Budget 2009 propsal only baisc rate of TDS apply for deducting TDS no surcharge or education and higher education to be deducted. i want to know from which date this is apply?

thanks

Our Director's father holding shares in the company had written in his WILL that a Private Trust shall be formed after his death to hold some of the shares held by him in the comapany.

Following are my two queries:
1. Can a trust be created based on the WILL after the daeth of the testator?
2. If yes, in that case who will be the settlor of that trust?

Thank You in advance.
Lalit Soman

I had bank charges to the bank which contains service tax at the rate of 12.36% and we receive service from one of the sub contractor at the rate 4.12% in composition scheme.

Can i set off above service tax i.e (12.36% against 4.12% Compsition Scheme)

Whether fixed assets received free of cost can be capitalised at nominal value or zero value ?

DEAR SIR/ MADAM

AS ASSESSEE RECEIVED HOUSING LOAN FROM RELATIVES AND PRIVATE FINANCE AGENCY HE WAS PAID INTEREST AND PRINCIPAL. AT THIS CASE HE IS ELIGBLE FOR INTEREST CLAIMED AS PER SEC. 24(B) AND PRINCIPLE CLAIMED U/S 80C.
PLEASE TELL

THANKS IN ADVANCE