Q.1 X is a holding company , Y is a subsidiary company of X , Z is co-subsidary company of X.

A is a subsidairy company of X where A is not related to Y & Z.

CAN A PERSON BECOME AN AUDITOR OF COMPANY "A" IF HE HAS PURCHASED SHARES OF COMPANY "Z"

Q.2 X,a CA in practice is a statutory auditor of MNO Ltd. He purchased a car from the company under Hire purchase scheme run by the company on the same terms & conditions as applicable to all other customers. The cash down price of the car is Rs. 80000. The initial payment of 25% was made on signing of Hire purchase agreement and the balance is payable as Rs. 750 per month. The auditr has become indebted & is disqualified to act as an audior. Do you agree. Comment

why the concept of exposure draft has come into play?

MY BROTHER IS AN NRI, AMERICAN CITIZEN. HE PURCHASED A HOUSE IN NOIDA AND RENT IT OUT TO A COMPANY ON 15-9-2008 ON MONTHLY RENTAL OF RS.20000. COMPANY PAYING HOUSE RENT AFTER DEDUCTING TDS @15%. MY BROTHER HAS NO OTHER INCOME IN INDIA EXCEPT INTEREST INCOME FROM HIS NRE & NRO ACCOUNT.

IS THERE A PROVISION IN INCOME TAX ACT THAT MY BROTHER CAN APPLY FOR TDS EXEMPTION.

I AM HIS POA IN INDIA

A.KUMAR

Dear Sir,

What is the % of disallowance on office equipement & furniture . I think It is 4% & remaining is allowable for Set off.
is it right?

whether IIT'ian is a professional in case serving as a consultant at coaching class, preparing students for IIT exams

I HAVE REGISTERED FIVE TIMES FOR BECOMING EXPERT STILL SITE SHOWS THAT MY APPLICATION IS PENDING.
CAN ANYONE TELL ME HOW TO BECOME EXPERT?

AS per Recent Amendement in sec40 for Dis allowance : Wheather Tax deductible in the month of April to Feb , but it was deducted in march and TDS is remmitted before due date u/s139 - w+heather it is allowable or Not.?

Hello

I was registered with ICAI in Aug,2000 for CA intermediate.And also appeared for the exams under intermediate and PE-II course. I have also completed my 3 years article training. My last attempt was May,2005. After that I discontinued my course.Now I want opinion that:-
1) Am I elgible for the last PE-II exmas to be held in May,2009.

2) If not, than how can I continue my course. Will there be new registeration or my old registeration will be renewed.

I Have A Problem About a individual having only insurance commission,& i couldn't Identify which ITR Form he have to submit.& what is the last date to submit Income tax for Individual

I Have A Problem About a individual having only insurance commission,& i couldn't Identify which ITR Form he have to submit.& what is the last date to submit Income tax for Individual