I Gave my both group exam in Nov. 2008. I was expecting very good marks in Accounts as i prepared very well an also attempted all the question. I was expecting ma in 80,s but i was shocked to see ma result and i secured only 34 in dat subject. Should i go for rechecking? Is there a +ve result From C.A Board regarding rechecking.

hi every body i had a doubt in vat that if i had purchased goods from outside the state and sale outside the state but my firm is registered in my native state then which state vat is applicable to me wheather vat is aoolicable or cst pls answer this query, thanks

Is the exemption in gratuity and leave encashment available for the lifetime of the assessee or each Assessment year?

What about the employee who resigns and claims Rs. 350000 exemption in gratuity and Rs.300000 in leave encashment?

If the exemption is lifetime, then what should the employer do since it is difficult for him to keep a track of the exemptions claimed by the resigning employee in his earlier jobs?

ther is a partnership firm where ther are 5 partners ratio 30:30:20:10:10
the partners having 20:10:10 share are threating to give a dispute letter in the bank.
The partner having 20% is a lady and she is partner in other Concrete industry with her husband.
the partners having 10% each are directors of a casting company which is private limited.
One of the partner having 30% STAKE in the firm is parnter in the concrete firm to help the firm in legal matter
and he is the gurantor in the cating company.
The business is being carried out by partners with 30:30 ratio and the other 3 partners are non working but they take profits and now.the partnership firm is doing good and the other 3 partners 20:10:10 are not doing good are trying to give the dispute letter. What action can be taken to avoid the letter and even if the letter is given what should be the course of action.
Thanks in advance

In Hire Purchase accounting, the vendor deals in both cash sales & Hp sales, such is the case in the books of vendor the stock reserve is to be created for the Hp closing stock (i.e)installments not yet due, for the stock reserve calculation the loading has to be ascertained.My question is the loading amount computed is to be whether (Hp price - Cash price) or (Hp price - Cost Price)?

I have a TDS certificate in the name of "President, Water Users Association , Tarimela,Anantapur dist.Issued by Executive Engineer HLC (Div) Anantapur.

i Have no idea how to file this certificate as it is issued in the name of President W.U.A. Pls Help me out in this query.

Does the agreement for take over of partnership need to be signed by all the partners or the major shareholders signature is enough.
Like there are 5 partners
having profit sharing ratio in the manner
partner a and b have 30% each tht is 60%
and partner c has 20%, partner d and e have 10% each tht is 20%.
Do we need the signature of all the partner or A and B are enough.

Thanks in Advance

hello sir/madam,
may i know that if we trasfer one heavy macinery already installed(a capital item)from one location to another location in the same factory premises, and a sum of rs 5 lacs is incurred for this trasfer , then whether this sum would be treated as revenue expense or a capital expense?

I have passed my CA final in May 08 & will be completing articleship in April, 09. I would like to takeup practice once I become a member. I do not have that much of contacts wherefrom I can get assignments for my practice. In this scenario how do I build my practice??? Please anybody guide me in this regard.

Does the agreement for take over of partnership need to be signed by all the partners or the major shareholders signature is enough.
Like there are 5 partners
having profit sharing ratio in the manner
partner a and b have 30% each tht is 60%
and partner c has 20%, partner d and e have 10% each tht is 20%.
Do we need the signature of all the partner or A and B are enough.

It is an existing partnership firm and the firm has registerd itself as a private limited company. all the partners hav signed all the MOA and AOA and it is incorporated with the registrar of companies.
All the partners share remain same in private limited comany also...