One of my client wants to file his Return of Income for the A.Y. 07-08. During the relevant P.Y. 06-07, he earned Salary Income and Income from Other Sources from April 06 to September 06. From October onwards, he started a proprietary business. Prior to A.Y. 07-08, he has never filed his return of income (this will be his 1st return). As no return is filed before this, how do I show the source of the initial Capital introduced by the proprietor ??

Dear Sir,
We have to submit a certficate for valuation of shares as per the guidelines issued by Controller of capital issue, to be attached with Fc-GPR. Can you provide us the guidelines and format of certificate

Regards

Shashi Kamal
Shashikamal26@rediffmail.com

Q-1 What is the difference b/w 'public sector undertaking & govt company ' Give with examples?

Q-2 In the above question how much shares are held by the 'govt & psu'?

Please explain the provision of section 40A (3) of income tax act 1961 in detail with examples

Hallo Frnds,
I wanted to know which 704 form should be used for vat audit report for F.Y.2007-08 (New 704 or Old 704)

Hi I have 2 query plz solve it
1)What TDS is charged on payment made to travel agency for car hiring charges of rs.8000/-. If not When TDS will be charge on same charges.

2)What TDS will be charge on payment made hotel of Rs.171000/- which includes rent,lunch, tea & coffe and dinner charges for a two days seminar.

Plz, e-mail me,
1) I am auditing one Pvt. Ltd. Co, which conducts Software Testing Classes .

2) This Co. has entered Franchisee Agreements.

3) Now, I require to carry out the audit of the "Francisee".

4) The area of audit is that :-
Whether Franchisee is compliing the terems of Franchisee Agreement.
5) how to do audit? Give me Audit Report Format or questionnaire for Comp;liance Audit

Sir,
I am a student of ICAi & have appeared for final CA exam in November 2008. I have a query regarding industrial training.

I have completed my 2 years& 4months of articleship.Thus, my pending period of articleship is 8 months.

As per training guide of the institute the minimum period of industrial training should be 9 months. But there is no mention of compulsory pending of minimum 9 months of articleship. Similarly, there is no such mention in regulation 51 of institute of industrial training regarding compulsory pending period of articleship of 9 months. Neither the form 104 of industrial training asks for pending period or such compulsion. When contacted institue regarding this i was told i cant take up industrial training as pending period is less than 9 months.
I am willing to take up industrial training even if it might give me extention of 1 months. I would like to ask following queries:

1.If i join industrial training while my 8 months of articleship period is pending & if i do will i get an extention of 9 less the period of articleship pending or will my transfer be negated if i do so?

2. Is there any different procedure for such cases?

3. If i cannot apply then why is there no mention of such situation in training guide of institue?

I hope my queries will be solved as soon as possible. Please reply soon.

X,Y & Z are partners in a Firm XYZ & Co in chennai. The firm is using the premises jointly owned by X,Y & Z.

1) Can the Firm pay rent for the premises to the partners? Is there any restriction to it?

2) If the Firm pays Rent whether will it be taxable in the hands of the partners or we can claim it as Building used for business?

can any one tell me
is TDS is applicable on foreign remittance for location hiring.
pls. tell me.