I am registered with ICAI from 1st December 2007(i.e. before 31st March 2008).
I have completed B.Com in March 2008 and has applied for M.com full time and also its time clashes with articleship. But it is not compulsory to attend M.com classes.
My querry is that whether as per latest announcement do I have to fill Form No. 112?
Latest announcement is as follow :
Announcement Regarding Articled Assistants - (22-08-2008)
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In partial modification of the announcement dated 31st March, 2008 regarding submission of Form No. 112, it is hereby notified that articled assistants registered and undergoing graduation or any other course on or before 31st March, 2008 need not submit Form No.112. However, articled assistants registered on or after 1st April, 2008 and undergoing graduation or any other course shall be required to obtain specific permission by submitting Form

Whether Extension Fee (Penalty for Non-Construction of house) paid to Housing Developement Authority is a part of Cost of Aquisition or not ??????? Plz give any case reference if possible

Eg.A LTD is paying commission of Rs.50000 and part of the commission Rs.40000
is reimburse from B Ltd. now TDS will be deducted on what amount Rs.10000/- or what?

Suppose A Co. Has Shut Down Its Activity In a Particular Financial Year Because Of Order of Supreme Court And That Year Co. Does Not Have any commercial activity

Whether it is compulsory to charge depreciation

if yes plz provide "relevant areas of co.act" to support the same?

whether material supplied during warranty period attract sales tax / VAT. please send relevant text of laws, case laws if any

I want to Know wether Every year Audit of Accounts of Flats welfare Association, & submiting of the same to registrar of socities is compulsary. please guide me.

Taxability on extra area alloted to society member by Co Op Hsg society or cash received in lieu of that. Pls provide any case law if any

Institute has released the below notice.
My Query is that whether the student who has directly taken admission in PE-II after graduation, can give the exams.

CA Students : Last Professional Education (Examination-II) extended to May 2009
Posted on : 22 August 2008 by Miss Komal Mantri [ Scorecard : 1369]

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Last Professional Education (Examination-II) extended to May 2009 for those students who have joined PE-II after passing Foundation/ Professional Education (Examination-I) - (22-08-2008)



In order to mitigate the hardship being faced by the students who were registered for Professional Education (Course-II) after passing Professional Education (Examination-I) / Foundation Examination / Entrance Examination as the case may be and have exhausted five consecutive attempts (after having been eligible for admission to the said examination), the Council of the Institute has further decided to hold two more Professional Education (Examination-II) in November, 2008 and May, 2009 as well.



As such, all the students of Professional Education (Course -II) who joined the course either on the basis of their degree examination or after passing Foundation Examination / Entrance Examination / Professional Education (Examination-I) can now appear in Professional Education (Examination-II) in November, 2008 and May, 2009 as well.



Candidates who are registered for Professional Education (Course-II) but have not yet fulfilled their respective eligibility conditions are, however, advised to submit the prescribed number of test papers before July 1, 2008 and January 1, 2009 and become eligible for appearing in the November, 2008 and May, 2009 Professional Education (Examination-II), respectively.

on refrizerator, A/C machinery which are used for office purpose(in CA Firm) at what rate we can claim Depreciation.These can be considered as plant and machiney or not?

author : vishal
Posted On : 8/26/2008 2:24:47 PM
As per CBDT Circular No tds has to be deducted on service tax on rent paid. because service tax is not a income of the person who is receiving rent.

If this is the case then how the tds can be recovered on service tax charged on contract, Professional fees, commission etc., In these case also the person is acting as agent of government.

The person is collecting service tax from the clients and paying to the government just like rent. Service tax is not a income of the person.

I think this decision should be challege in court and there should rule that tds should not be charged on service tax of all categories.





Expert : CA Hemant T Dewani
Posted On : 8/26/2008 3:07:30 PM
amendment is made for rent only & not other services


Whatever May Be The Expenditure If Deduct TDS On Amount Excluding Service Tax There is No Harm.
It is Absolutely Correct And Generally It is Done This Way.