Sir,
i have registered under PE-II on graduation basis & i already completed my 5 attempts, now can i apply for 2 additional attempts up to May.09?
i am also doing a job from last three yeras with CA, because of job also i am not able to give proper time for study, i have all kind of CA's work knowledge, but yet i am not cleraded PE-II. Because of i already wested three years in CA so that i can't change the side also.
So, plz tell me sir what should i do, shall i leave the job? or any alternative for this, because i want to become a CA at any cost.
So, plz reply me sir as early as possible, i am going through lot of tense.
i wait for u r reply.

Amol

GD evening sir,

sir my query is related to Applicability of Surchage on TDS Rates

AS PER PROVISION IT HAS BEEN WRITTEN THAT WHEN AMOUNT OF PAYMENTS EXCEEDS RS.10 LAKH,

Sir i want to knw that for applying Surcharge on TDS whether we see AMOUNT OF PAYMENTS MADE TO DEDUCTEE OR INCOME OF DEDUCTEE???????

whether we will check the income of deductee(when it exceeds Rs.10 lakh)for applying surcharge on TDS Rates?

kindly tell me as per company act the varios assets which fall under fixed asset.while preparing FAR what treatment should be given to CST,VAT,SERVICE TAX,FREIGHT,ETC.

Freight & Demurrage incurred on purchase of any asset should be taken in which account i.e whether in Respective Asset A/c or in Freight Inward A/c.

Revert at the earliest..


















































































1

pl help me in this regard...........im from pe1 stream .cleared it in one attempt.but cleared my pe2 in 3rd attempt.......now that my query regarding this issue is........what are the procedures to get enrolled for final and article ship.........also i urge u to pl provide me the details of some of the good audit firm where in i gain exposure by the way time for my final courses to get prepared.........pl provide me the name of some of the audit firm where in my above said criteria are served........im not in need of stipend ...all that i need is a good exposure to audit line and a flexible timings for my final preparation and for attending my classes ..........further im from chennai.....so i need the list of some good auditors around chennai

Sir/Madam,

I’ve cleared PE 2 and completed computer training as well. What is the next step after this? Registration for final course or that for articleship first? Does the institute help you find articleship vacancy? What types of forms are required? Please help

Thank you.

Hi,

Do I have to pay income tax on interest received on savings bank account?

Thanks,
Abhishek

Facts of the Case :

Status of Assessee : Individual
Places of Business : 1). Himachal Pradesh
2). Andhra Pradesh

Assessee has separate auditors for two concerns.

Query:

1). Can an individual have two auditors?
2). Which auditor's name is to be mentioned in the Income Tax return Form as ITR form has place for only one auditor?


Please resolve the problem.

with regards.

Reply to : camksolan@yahoo.co.in

Hi,

I have income from
a. Salary,
b. Bank Interest (SB a/c and ICICI Bank Bonds)
c. STCG (Equity and ESOPs)

I want to know:
1. 10% surcharge on income tax is applicable when total income exceeds 10Lacs? Is this correct?

2. Total income will contain a,b and c above less rent paid as HRA, conveyance allowance and any other deductionf from section 10. Is this correct?

Thanks,
Abhishek

Facts of the Case:

Status of Assessee : Individual
Profession : Doctor
Gross Receipts
from profession : Rs.9,75,000/-
Net Income from
Profession : Rs. 4,76,000/-

Assessee also deals in sale and purchase of shares on NSE & BSE through a broker on daily basis i.e. intraday and inter day transactions on which STT is deducted broker also charges interest on late payments.Total transactions in the year 2007-08 exceeds Rs. 60,00,000/-. Assessee incured a loss of Rs. 3,79,000/-.


Query:
1). Whether loss on NSE and BSE transactions be treated as Capital loss or Business loss.

2). Whether loss can be carried forward?

2). Whether Tax Audit is applicable?

3). If Tax audit is applicable than in which form audit report is to be given?

4). What will be the status if Receipts from profession is Rs. 11,00,000/-?


Please resolve the query

Reply to : camksolan@yahoo.co.in