can anyone explain the following queries with regard to proposed new scheme i.e. IPCC/ATC.
1.Whether the training undergone under current principal will be counted for the training requirements of the new scheme.
3.From what date the training under new CA is to be started, i.e. from the date of exams or from the date of results.

DURING THE ASSESMENT PROCEEDINGS OF OUR DIRECTOR A REVISED COMPUTATION OF INCOME WAS FILED TO GIVE EFFECT TO CERTAIN HEADS OF INCOME MISSED OUT WHILE FILING THE ORIGINAL RETURN. THIS REVISED COMPUTATION MISSED OUT THE DEDUCTION UNDER SECTION 80C WHICH WAS REFLECTED IN THE ORIGINAL RETURN.
THE INCOME WAS ASSESSED BY THE OFFICER AS PER THE REVISED COMPUTATION WITHOUT GIVING EFFECT TO THE DEDUCTION UNDER SECTION 80 C.

CAN WE NOW APPLY FOR A RECTIFICATION UNDER SECTION 154?

let me know how to convert word/excel file into pdf file, if any software is necessary pls give me details of software.

i want to make fixed assets detail in Excel. can anybody provide me fields name to be made for this purpose. i want to make fixed assets detail as per Income tax act.
kindly reply
Many thanks

Hi frnz,
dis is regarding Commencement Of Business Certificate (COC). One of our client's bank account has been credited with share application money. They have one query that whether they can use the share application money for capital exp like purchasing AC, fRIDGE etc etc. They have not yet received COC. Its still in process.. can u pl comment upon this doubt????????
Waiting for a reply...

Regards
Sangita

A director of Pvt Ltd Co resigned from Board by giving a regd notice to the Company with a copy to the ROC and AD cards have been recd but the Company is not filing Form 32. Whether he continues to be a director till filing of Form 32? If so what should he do to complete his resignation in the records of ROC?

Kapil Sir,

Im having difficulty in preparing the information technology subject from padhukas/study material. I have heard that j k shah notes are very good. Since i dont stay in mumbai, i'm not able to arrange for those notes. Is it possible to email me ?

Thank u.

hi all
my attempt is in may 09 . but i have not prepared for it yet ... i am thinking of giving just 1 group . if i give the xamz grp wise i will be said to have passed pcc in second attempt . so should i go for all at once in nov 09 and leave this attempt .
coz i think in future when 1 goes for job first attempt pass are given preference ....

my prepration is as follows
cost ... 70%(tution goin on)
acc 65% ( coaching over)
law(done company law and indian contract act)
audit(35% done)
IT and strtgc mgmt (nt touched)
income tax ( coaching goin on )

do i have a chance of giving both groups in may '09. i am in b.com 2nd year whose xamz are in april starting 1st week


so plzz guide me .

If an excisable unit (x) carries out job work for exempted unit (y)on the material supplied by y to x. Whether x would be liable to charge excise duty or service tax on job work. If excise duty is chargable, whether the transaction value would be material cost supplied by y plus the job work carried out by x. If service tax is applicable what would be transaction value.

VAT or Service Tax

A newly incorporated firm is engaged in Advertising Agency Business (i.e. making and preparation). It designs and prints flex hoardings for its clients. It has an annual turnover of around 12 Lakhs.

The purchase bills for raw materials are of 4% and 12.5% VAT items (obviously, the firm had to pay vat on purchase) eg, it paid 4% VAT on purchase of Flex, 12.5% on purchase of clips etc. My questions are:

1. Does the firm, being an advertising agency, need to file VAT Return or Service Tax Return.

2. If the firm needs to file service tax return and charge service tax to its clients, then on what value should the tax be calculated. (Whether the cost of raw materials consumed should be considered for computing service tax or should be excluded...as the cost of all the raw materials cannot be bifurcated precisely e.g. ink used in printing)

3. Can the firm enjoy the VAT input on purchases. If yes, how?

4. What will be the best way to record purchases and sales in the books of accounts (plz give specimen entry)

5. The firm has already got VAT Registration. In case VAT is not applicable, what should be done in present circumstances.