sir.. I have gave pcc nov exams and got high 60 in every subject of both groups exept audit in which i got 30 and failed.
sir, i have really very very very bad hand writting and i know that it is the only reason i failed in audit and couldnt score rank,,,
sir,, please guide me , should i talk to some senior officer to thoroughly recheck my paper or adopt normal procedure ..
if anyone can guide me how to improve my hand writting, i would be greatfull to him as it is a deadly problem for me now .
i dont write cursive, and my writting ruined from the last one year suddenly
my email:- "manish9810467@yahoo.com"

what will be office working hour as per ICAI ARTICLESHIP TRANING RULE, if a student(article assistant/semi-qualified) stay outstation for outstation audit/office purposes ??

or
is there is any rule exist regarding outstation stay by an article trainee?

or
is any rule has been framed by ICAI regarding outstation stay by article trainee?is it normal working hour which is counted as office working hour or the whole day(24hour) will be counted as office working hour?please guide me.

I would like to that whether there is any exemption in Income Tax or applicability of TDS on commission u/s 194H that is no need to deduct TDS if payee is located at North East India?
I have gone through Sec 10(14) and 10(26) but that is very specific.

PLease tell me whether TDS should be deducted from the person located at North Eastern India(Like MAnipur/Nagaland etc.) or not in case of Commission on sales?
Please give relevant section or circular or notification in this regard,if any.
Its urgent

Sir,
I have passed CA final in may 2008. I had pursued M.com course through distance mode during my articleship. Is it necessary for me to submit Form 112 along with my application for membership? If yes, should I remit condonation fee of Rs.1000/-? Pls clarify.

Thanks
Badri.

Dear all

U/s.80C instalments of principal repayment of housing loans is allowed as deduction.

When the building is still under construction repayment of principal has started. Whether same can be claimed as deduction.

My client is a large power generating co. having two power
generating unit. one of the unit was declared commercial and hence
provisionally capitalised in 2005. The contracts given for
construction/ supply were not finally settled at that time and
therefore their final values were estimated and provisional
value were arrived at for capitalisation of project assets.

During the current year, the contracts have been finally closed and
actual values have been arrived at.

The final values of the contracts is less than the values at
which the projects assets were capitalised. The difference between
the final value of the contracts and the estimated value of the
contracts at which the assets were capitalised is Rs.21.18 crores
which is 0.96% of the total project assets capitalised.

my query is whether the assets would be de-capitalised and
depreciation from the 2005 to till date would be treated as "prior
period item" or it would be treated change in accounting estimate
and deprecitaion would be provided over the remaining useful life of
the assets capitalised on its reduced value?

My stand is that since it is only a change in accounting estimates
considering AS-5 and AS-10, depreciation should be provided over the
remaining useful life of the assets on its reduced value(by Rs.21.18
crores) and there is no need to recalcuate and provide depreciation
from 2005 to till date as "prior period item."

Kindly guide me.

My client is a large power generating co. having two power
generating unit. one of the unit was declared commercial and hence
provisionally capitalised in 2005. The contracts given for
construction/ supply were not finally settled at that time and
therefore their final values were estimated and provisional
value were arrived at for capitalisation of project assets.

During the current year, the contracts have been finally closed and
actual values have been arrived at.

The final values of the contracts is less than the values at
which the projects assets were capitalised. The difference between
the final value of the contracts and the estimated value of the
contracts at which the assets were capitalised is Rs.21.18 crores
which is 0.96% of the total project assets capitalised.

my query is whether the assets would be de-capitalised and
depreciation from the 2005 to till date would be treated as "prior
period item" or it would be treated change in accounting estimate
and deprecitaion would be provided over the remaining useful life of
the assets capitalised on its reduced value?

My stand is that since it is only a change in accounting estimates
considering AS-5 and AS-10, depreciation should be provided over the
remaining useful life of the assets on its reduced value(by Rs.21.18
crores) and there is no need to recalcuate and provide depreciation
from 2005 to till date as "prior period item."

Kindly guide me.

My client is a large power generating co. having two power
generating unit. one of the unit was declared commercial and hence
provisionally capitalised in 2005. The contracts given for
construction/ supply were not finally settled at that time and
therefore their final values were estimated and provisional
value were arrived at for capitalisation of project assets.

During the current year, the contracts have been finally closed and
actual values have been arrived at.

The final values of the contracts is less than the values at
which the projects assets were capitalised. The difference between
the final value of the contracts and the estimated value of the
contracts at which the assets were capitalised is Rs.21.18 crores
which is 0.96% of the total project assets capitalised.

my query is whether the assets would be de-capitalised and
depreciation from the 2005 to till date would be treated as "prior
period item" or it would be treated change in accounting estimate
and deprecitaion would be provided over the remaining useful life of
the assets capitalised on its reduced value?

My stand is that since it is only a change in accounting estimates
considering AS-5 and AS-10, depreciation should be provided over the
remaining useful life of the assets on its reduced value(by Rs.21.18
crores) and there is no need to recalcuate and provide depreciation
from 2005 to till date as "prior period item."

Kindly guide me.

DEAR SIR..........

I AM APPEARED FOR IPCC NOV-2009.

I PLANNED TO GIVE GROUP 1 ONLY AT THIS ATTEMPT.. SO IS IT COMPULSORY FOR ME TO COMPLETE MY IT (COMPUTER TRAINING) AND ORIENTAL COURSE BEFORE APPEARING FOR EXAM...OR I CAN COMPLETE IT AFTER CLEARING MY FIRST GROUP OF IPCC?.....
PLS CLARIFY ME..........

WAITING FOR POSITIVE REPLY...

author : Ishant Juneja
Posted On : 1/24/2009 5:34:13 PM I have cleared my CA-Final examinations on Nov.'08. I am getting
the oppuurtunity to carry out my remaining articleship as industrial
trainee. But my training is now remaining for 7 months without
extension. On the other side its with extension is more than 9 months.
Can i join industrial trainig. Then after extension it wil be
complteting at the end of October. Will i eligible for Campus
placement which will be held on September and October'09.
Kindly update me