I would like to know

Is there any Book for the mentioned subject which contain the Questions & Answers only?

Dear Experts

The query which I'm posting is related to accounting treatment for waiver of loans specifically waiver of principal amounts.

Lets say A Ltd. took a loan for financing fixed assets and later on A Ltd. turned into loss making company.

Lender i.e. financial institution waiver off certain portion of principal and interest. Now the query is what should be the accounting treatment of waiver of principal in the books of A Ltd.

rgds
hitesh

A person who remits any sum outside india has to obtain a certificate from a CA to this effect. What are the implications if the bank does not insist on such certificate? who will be held liable for this default? And where does it specify that if the sum is paid outside india a CA certificate is mandatory?

An autonomous body set up by the Central Govt. running with the principle of non-commercial,non-profit making,non-political.
Registered as Society, Public Trust
Income Tax registration u/s 12A
Exemption u/s 80 G
Sales Tax exemption
Exempt from contribution to Charity Commissioner as'' Trust is for SECULAR EDUCATION'.
As per MOA the income&property of the Trust shall be utilised solely towards the promotion of the aims and objects and no part of the same shall be paid or transferred directly or indirectly by way of DIVIDEND ,BONUS OR PROFIT - SURPLUS if any earned from time to time is ploughed back for attainment of the objectives of the Trust.
As per Rules in the event of dissolution, its property if any after settling its debts and liabilities will be vested with Central Govt.
OBJECTIVES;
The main objective is to generate,develop and sustain at national level ,a voluntary
movement on OCCUPATIONAL SAFETY AND HEALTH
(OSH) by conducting educational campaigns
to prevent accidents and occupational hazards to emoloyees,employers.
ACTIVITIES;
Conducting training,seminar,conferences,Safety Audit,publishing News Letter,Journals ,safety posters, calendar relating to OSH.All these activities are
educational and running on "no-profit no loss basis"
INCOME TAX STATUS
ITAT Mumbai held the above activities as Educational and granted exemption u/s10(22) -for 12 years. The tribunal held that
"it is not necessary that there should be
a regular school or college and regular classes. The activities of the assessee for training pupil by conferences,seminar
training courses,safety films to the factory workders,common people and even to Govt.departments as educational activity".
Presently claiming exemption u/s 11.
Kindly advice whether Service Tax is applicable .

1)can you send me cpt syllabus copy plz to my mail plz........
2)im interested to do ca. can u guide me about the procedure to do ca. i want full information.......
i hope u r free to do this..............?

Dear All

is the person subletting the assets is comes under the preview of the service tax under rental income or not. wheathe rental income comes only the owner or the other person also.

kindly explain the same

Thaks

Can any body suggest me study notes for PE-II (Group 2) for all subjects.

Or crash course at mumbai?

or books?

anujjauhari@gmail.com

Thanx

Whether TDS is to be deducted on rentals plus service tax or only on Rentals?

hello

most of employers pay their employee & in employees form 16 they write allowance given to him as "Special Allowance" instead of witting which special allowance is give unifom allowance or any other such allowance.& some time they mention other special allowances given to them by their name.
eg.
Basice Pay 60000
hra 20000
uniform allowance 5000
CA 10000
special Allowance 20000 is allowance given to this person that is mentioned as Special Allowance is empted

my Query is that is that "special Allowance is exempted under section 10

If rendering a service is contingent upon the happening of any event and the service charges are payable even if the event does not happen, will it be covered by - "service provided or to be provided" as per section 67 of the FA'94?

In this context, whether service tax is applicable on advances received before rendering the service?