My principle terminated my friend with a date 31.10.2008.she cleared her second group in this exam.but as on 01.11.2008 she was nt in service.to be honest she cudn send the new deed with her new principal yet.I have heard that we ve to be ibn service as on 01.11.2008 to clear the exams.I feel she may ask her new principal to give her date of joining articleship as at 01.11.2008..IF HE REJECTS WHAT SHE CAN DO?In the results declared by institute she has cleared the exams..How institute will now be checking she has been in service as on 01.11.2008?What she can do?

Hello Sir,

First thank you very much for your reply.
In your response to my query relating to CA Final NOTES you suggested authors for each subject. Could you please let me know whether they are Books OR Notes in the form of books coz I wanna purchase Notes.

Thank you.

I am providing the service of repair and maintenaance to my cleint. The material used at the premises of the cleint are billed directly to the client but are consigned to me. Can I can take credit of the cenvat of the said inputs used by me for providing the taxable services. the billing of mine will include the cost of material issued to me for using in the said contract.

Kindly guide me for the said cenvat credit backed by legal pronounment or rules of the cenvat

For assestment year 2006 - 2007 where more than one assest has been transferred and the aseessee has invested the profits arising out of such transfer in NABARD bonds (3 years) in each case of transfer. The income tax officer allowed only one exemption claiming that 54EC uses word 'a' capital assest in its defination and hence can be applicable to only one assest in the relavant year. The profit arising out of the remaining assest will be taken as LTG and taxed accordingly.
Assesee would like to appeal that
The word ‘a’ does not necessarily mean ‘ONE’ only. The word ‘a’ used as per English grammer also refers to ‘ANY ONE UNIT AS REPRESENTATIVE OF A CLASS’. For example, ‘A’ pupil should obey his teacher or ‘A’ cow is a useful animal. Here in these sentences, ‘A’ is used, to mean Any One In A Class. This was the intention of the legislature as per assesee.
Is the assessee right ? Please note that here the 54EC exemption has been disallowed at the source of and not the destination as in the case of Sushila Jhaveri where the proceeds were invested in more than one flat.
Please help by your opinion

Arrears of VI Pay Commission Receiveabe Should Consider for HRA Exemption & should both basic added or what basic should added


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Regards,
Ravi R Gurnani

My client has purchased a land for Rs. 5.00 lacs and has paid stamp duty on the sub-registrars value which was 15 lacs. After 3 years he has sold the property for 30 lacs.

My question is, for the purpose of calculation of capital gains, the cost of acuqicision is the actual payment of Rs. 5 lacs or the sub-registrars value of Rs. 15 lacs.

hi, LIP Amount paid in cash, this amount is Deductable under section 80C ?

At the time of calculating Service tax, how i have to treat the Detention Charges?

Sir,

I want to know which banks are into Venture Capital and also I want to know in detail about VENTURE CAPITAL.

Thanks
SF FRANCIS

We are in the business of construction of mobile towers and renting the same.
We charge service tax on such rent.

We take services from contractors for construction & installation of towers against which they charge service tax on such services.(service tax on works contract)

This would be services for construction of fixed assets.

Now my question is whether we can get input credit on such services?

Also suggest wether we can get input credit for excise duty paid for purchase of capital goods.