I am a PCC article. My querry is that at this level of CA what is the best field to my pursue articleship into, is it internal audit or direct taxation (basically income tax & all that). Currently I'm doing my articleship in a mid-sized firm.
I have just cleared CPT in June '08, have done my graduation in Eco.(H) from DU and cleared 12th in commerce stream.

So basically which one of them provides us more learning and has more value in the market.
Mostly importantly considering the fact that which one of them would be the best for me to do at current level of being a PCC article.

And is it true as some people say that if at PCC level you do your articleship in internal audit only, then after clearing PCC exams & enter CA final articleship and apply into big 4 firms they would preferably put you into or offer you to continue your articleship into internal audit only and not into taxation, because at PCC level you have done internal audit only so they would offer you that field only...?? Is this true...??

Any replies would be really appreciated.

What does 10B Audit report and what are the areas it covers

What is the procedure of getting transfer for articleship ? I mean what forms are to be executed ?

please provide me the Special Resolution copy for alteration of the main object to the memorandum of association i.e adding a new object to the Object clause

What is meant by Public Sector & Private Sector respectively?What are the main differences in these two?

Dear All,

If in an organization,the Finance Department is following some Salary break up policy for CTC decided by managment. If during the financial year they want to change the restructure the policy of payroll, then is it advisable to change it in between FY? Inform us about implications of the same.

Generally the break up is being decided and calculated by Finance or HR?

Dear sir,

Kindly give me fixed assest's depreciation rate as per indian company act for the assessment year 1997-98 onwards.

My email id is jbhavesh@rediffmail.com

Wish you happy diwali
Bhavesh

I have one client Company

They are engaged in development of Software. ie. customised software

My question is whether for the purposes of tax audit the software development is considered as business or profession

In Form 10 B Audit report for Trusts or societies enjoying exemptions u/s 12A an auditor is required to report on certain matter whether benefit to persons mention in section 13(3)of the Income Tax Act

I have come across a problem. Suppose trust is running an old age home. Construction of old age home is all complete. That founder is there administrating the construction. So he is staying in the outhouse of the old age home constructed without rent to monitor the construction activites and to look after the home. He is having his food at the canteen.

So two benefits are enjoyed by the founder

would it attrat 13(2)(b)and (d)

These are required to be provided if the trust employes any other outsider

My question is do we need to report on these matter that means trust's exemption would be forfeited

It is not a question of materiality

I have a doubt

E filing of a company has been done without digital signature.

Requirement is that we have to file with Income tax with in 15 days

What happened is that our client forget to file with in 15 days. What is the remedy available.

Do we have to file a revised incometax return for the company