Dear Expert

I would like to know that if a Student Passes C.A. Final Exam by Giving Group1 first and than Giving Group2 in the next exam than

Will it make any Difference in Job Opportunities for him if he Passes Both the Groups Simultaneously?

If there any time limit to take credit on service tax?

DEAR EXPERTS

AN ASSESSEE EDUCATION LOAN TAKEN ON HIS DAUGHTER NAME HE IS GUARANTOR ONLY AND INTEREST PAID BY HIM HE IS ELIGIBLE TO CLAIM INTEREST ON EDUCATION LOAN REPAYMENT PAID BY HIM U/S 80E.

PLEASE TELL

THANKS IN ADVANCE

Dear Sir,

We are a Pvt Ltd Co & having a separate gratuity fund for our employees.

Is it mandatory to give the gratuity policy coverage even too a person on a part time employment with us for a short period , say 9-12 months ??

Kindly reply

Subhash Jha

Dear experts,

Kindly let me advise that whether 1st Insurance could be capitalised. If yes, what is the logic behind this since subsequent insurance payment would be charged to Profit & Loss Account?

Thanks & Regards

Dear Sirs,

This is a matter of a Manufacturing Company's Export Sales as per following:

1. An Export/Commercial Invoice made and exported on 07.11.2009. Two items A & B were exported @Rs.1000/- & 2000/- respectively. But the rate of B was 1000/- only, hence an amount of Rs.1000/- charged in excess by mistake.

2. The foreign buyer is a regular buyer and further same material is to be sent soon.

3. Is there a provision in Customs and FEMA and can the rate/amount be adjusted in the next invoice. If so what is the procedure for the same to avoid any procedural problem for the Export for both the transactions.

Please guide.

Thanks & Regards

My friend form a trust & run a school 1.It's Gross receipts is Less than 1 Crore. wheather the trust should be registered under 12A?.
2.Wheather 85% of the fund should be expended in that year.
3.For claiming exemption u/s.10(23C)trust is to be registered under any section.

Regards,
Prakash.M

I am a co-parcener in HUF of my father which is still continuing. Meanwhile about 3 years ago, I started my own HUF without the partition / dissolution of the HUF of my father.

In view of the above, please advise on the following aspects :-

1) Whether formation of HUF by me without dissolution of earlier HUF is valid and legal ?

2) Do we need to dissolve the HUF of my father and if so, to whom should the funds / assets be distributed, in what proportion and its taxability to Income Tax ?

3) Can the ITO tax the income of my HUF in my individual account without recognising HUF status in view of original HUF not being dissolved ?

Hi.. All...
Whether the Registration under AP Shops & Establishment Act is necessary for the IT S/W company?? Suppose, if Co. is incorporated in 2007 and applied for registration in 2009, what is the penalty for late registration.. pls clarify.. thanks in advance.... regards

dear sirs,

i am a ca final student from hyderabad. i have cleared my pcc in june 09(first attempt, 62%) and i am in my 3rd year of articleship. i still have a year and so left of my articles and looking for industrial training in a reputed firm in hyderabad.

please tell me if there is any company who is interested in hiring industrial trainees, and their contact details if possible.

you can reach me at ankit0805@rediffmail.com or can leave a pm. plz do reply.