Hi
I have applied for shares and paid the share application money. The money which has been paid by me has been treated as advance. This advance is morethan a old now. Can i sell this advances on discount rates. Is there any restriction or prohibition by any law for the same.

Thanks in anticipation of reply.

actually what happened is i get registered with a ca my frnd was doing articleship there. the ca also provides coaching . what he did is that he saya that we will provide u mnc audit & i get registered under him. now he is only making me to sit as his reciptionist & to look over after his students m i for that its so insulting transfer is not going on what should i do now?
im not going to him now .PLZ HELP ME OUT

ONE COMPANY HAS ARRANGED HIGHSEAS AGREEMENT ON A DATE OF FEB 2009. BUT THE DUTY PAID BY HIM IN APRIL 2009 AND MATERIAL COMES TO HIS WORKS IN APRIL 2009 ONLY.SELLING PARTY RAISE INVOCIE OF FEB 2009. NOW THE QUESTION IS :
1. IN WHICH F.Y. THE TRANSACTION IS TO BE RECORDED?

SECOND QUERY : WHEN THE MATERIAL IS FURTHER HIGHSEASED TO ANOTHER PARTY IN APRIL 09,SALES TAX CONSULTANT SAYS BOOK IN 09-10 SINCE MATERIAL IS NOT REACHED TO YOUR WORKS AND TO SHOW THE IMPACT OF ENTRY TAX ON FINAL OBLIGOR ...BUT ACCORDING TO T.P. ACT WE HAVE TO BOOK WHEN THE TITLE IS TRANSFERED.

WHAT SHALL BE THE RIGHT APPROACH.

We have engaged services of overseas company for assisting us in procuring machinery from overseas manufacturer. We have to pay commission to this agent. Pl. let me know the procedures to be followed by us under FEMA and I Tax Act.

Tks in adv.

Vivek Mangoli

Assessee has filed his return of income for the F/Y 2007-08 (A/Y 2008-09) within due date after Tax audit. Books of account was not complete, still IT return was filed. Now, the books of account are updated. There are major change in the income, expenses, banks balances etc.,Tax auditor wants to revise the return after thorough audit.
1) Can he revise his audit report? If yes, please provide section details, case laws etc.,
2) Can the return be revised? If yes, under which section?
3) What is the due date for filing of revised return?

Dear Sir,

Please clarify the Sale in Transit system begining from basic.

A pvt. ltd co. want to issue shares of face value of Rs. 10/- for Rs. 100/-. What is the procedure to be carried on and what aspects are to be looked into ?

Dear sir

My client is getting rent from house property including service tax which he is paying to the ST department. Whether I should take the Rental income under House property head INCLUSIVE OF SERVICE TAX OR Net Rental income. If Gross rental income is to be taken then is there any deduction of service tax under the Income from House property head. Pls suggest.

Regards
Tarun Jain

hi, my pcc attempt is in may 2010, i have an option of converting into ipcc before july 31st,
my query remains, is conversion beneficial exam wise, as accounts is of 200 narks, and this has never been before (as per my knowledge), so how mych detail of studying accounts required and how much theory the icai will ask in the exams is unknown,
so what should be done, further if i convert into ipcc in may 2010, my final attempt will come in nov 2011, which is 6 months prior to my final atempt if pcc is pursued.
looking into this please sugest me as to what is better. also is there any more strings attatched to this, (is there anything i should look into before making this decision)
thanking you in advance

What is the Criteria for GMCS programme?
I heard that Institute revoke the earlier condition of completion of 2 Years of articleship.
is that true?

I also heard that Institute is going to make Residential programme mandatory instead of GMCS programme in the near future?