(1) A payment was made for office
decoration to one party without
deducting TDS in the yr ending
31.3.06:

Is TDS liability there?

If liability- whether the same
can be deposited now with
interest?

If deposited now how the
expenditure disallowed can be
claimed now?

(2) A contractual amount is paid after TDS to a party for data Access on yearly basis and debited in full in the yr of contract in the month of July every yr. In scrutiny, part of the expenses for April to June for next yr disallowed. What is to be done?
Filing of appeal or filing revised return for next year which has already been processed for refund?

1.Do we have to study Standards on Auditing (SA's) or AAS for the May '09 exam CA PE-2

2.AAS-6 "Risk assessments and internal control" is withdrawn after issuing SA 315 & SA 330 so when quesion is asked from these topic "internal control" which is to be given reference.

3.what about new SA-240 which effictive from 1-april-2009 ,will this be relavent from may 2009 for PE-2

thanks

When is Internal Audit mandatory? Is there any criteria for a company to have internal audit system?

How to prepare BRS for transactions containg 3500 in a month Is there is any simple techniques to do that type of work?If there plz suggest me?

hiii to all my seniors... m a PCC student.. m gng to write my exam in may.. i had started my prep just 3 months ago.. m 50% done with ma all practicle subject i.e. cost, A/c, and Tax.. but theory is untouched so far.. as the exam are approaching m getting very tensed about Law, Audit, IT n SM.. i want suggestion from you what strategy should i adopt to get rid off all theory subjects in 3 months and give at least one more revision to all practicle subjects before sitting i in my exam,, my practicle concept are strong enough to get pass but m very scared of theory as my presentation is also not so gud..plz advise me what to do should i go for one group? but i m in favour of giving both group toghether.. what is ur opinion

It has not yet been decided by the Council of the Institute regarding the exams of May 2009, whether to conduct in May or June.. An announcement was posted on ICAI.org today to clarify this issue, but still the confirmation has not yet been disclosed..? Does any one knows what was the true position to postpone the exam from may to June?Can anyone help me in this regard?

I am making a regular payment(without any obligation) of Rs. 50,000.00 per annum to my mother. She deposits the money in fixed deposits in bank. Can the AO treat the intrests that is earned on these fixed deposits as my income instead of my mother's. Is there any provision in law regarding the same?Pls guide.

For a Group Medical Policy taken by the Company, if the individual employee makes an additional premium for inclusion of his/her parents,

Is the additional premium paid by the employee to the group policy allowed as deduction under section 80D for that indivual employee?

It will be great if someone answers this query at the earliest.

Thank you,

Hi CAs,

Query:

Whether Cenvat credit will be available on input and input services of EPC contracts for constructing Pipelines for Natural Gas?

EPC means Engineering,Procurement and commisioning.So,it includes both Material and Labour. So it includes Excise and service Tax both.

The assessee is service provider dealing in transportation of Gas on which Service Tax in payable.

U may send ur reply on ca.jigneshmaniyar@gmail.com

Thanks in Advance

For the purposes of section 211(1) of the companies Act , I need to know the guidelines of ICAI as to what is "interest due in case of bank interest on secured loans or working capital loans." I am told that it is available in ICAI Compendium of Opinion, Vol 1 Second edition 1984 Reprint page 12.

I need it rather urgently and badly ! Help !!