jagada
25 March 2008 at 12:44

Articleship termination

Is there any chances for the principle to ask for refund of stipend paid in excess of ICAI's fixed amount?


Nilam Sheth
25 March 2008 at 12:40

Regarding start of Articleship

Dear Sir,

I have given my PE2 Exams in Nov 2007. I have cleared it with good marks too. Know i want to start my articlesip but i dont have my certificate for complition of my compulsory computer trainning i have completed my trainning and only Exams are pending. The exams are pending from Aptech Institute from Nov 07 till date. Know i am facing problem for my registration as i dont have that certificate. The last date for registration is 30th April. What should i do?


Ketan Shah

Our customer has given us written purchase order on door delivery basis. Our selling rate includes freight component & we charge on basic+ED+VAT basis.
For freight charges which we pay to GTA, can we claim credit of service tax paid on such freigth charges? (75% abatement considered at the time of servcie tax payment).


CA Prabhakar Dubey
25 March 2008 at 12:10

CHARGING VAT ON FREIGHT

RESPECTED MEMBERS,

PLEASE PROVIDE US THE IDEA BEHIND THAT SOME PARTIES ARE CHARGING VAT ON FREIGHT WHILE SOME ARE CHARGING VAT ON BILL AMOUNT ONLY & FREIGHT CONSIDER SEPARATELY.

IS THERE SOME VAT OR EXCISE LAW OR RULES WHICH WILL BE LEVIABLE ON SOME PARTIES TO CHARGE VAT ON FREIGHT.

PLEASE RESOLVE THIS QUERY AS SOON AS POSSIBLE.

REGARDS

PRABHAKAR


Dharmishta Tank
25 March 2008 at 12:01

Definition of subsidiary

Please clarify! The Companies Act,1956 defines subsidiary.A company which holds more than 50% of the voting power or equity capital of other company,that other company is the subsidiary of the first mentioned company.But if a company holds just 50%,then would that be considered as subsidiary!!!


G.N.V.D.Kiran

Please clarify Life Insurance Premium paid on Dependent Parents is eligible U/s.80-C or Not if Eligible please mention the details


Rakesh
25 March 2008 at 11:28

Decution U/s 80C

Can Stamp Duty amount deduction claim on Purchase of House Property.
1. If Purchased during the year
2. If Registered during the year
3.If Newely Hosue purchased


vedanta deshika
25 March 2008 at 11:27

Applicability of Sec 274 (1)(g)

Is the sec274 (1)(g) aplicable for private companies?


vedanta deshika
25 March 2008 at 11:25

Depreciation

There is a machinery which has been written off subsequently.The machinery is no more depreciable.But the Machinery has been still put to use in production.It is the only machinery used for production.Can a company charge depreciation on such machinery? According to Companies Act,1956,a machinery which has been written off upto 90% of its Historical cost is said to be written off.


Sanjay Govil
25 March 2008 at 10:57

Accounting Treatment

I need clarification regarding accounting treatment for costs incurred such as flooring, roofing, first time water proofing and other construction expenses incurred on a rented building (not on lease) used by a company for business purposes.

Whether such costs are to capitalized as building or are they to be expensed as repair and maintenance.

I know for a fact that they are to be included in the Block for Buildings under the Income Tax Act, but how is it to be treated under the Companies Act and whether any accounting standard is relevant for this purpose?

Can they be treated as miscellaneous expenditure and amortised over say 5 years?


Thanks






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