Sir, On purchase of Electrical material, party issued cash memo, against which we have made payment of Rs.58000 in cash. is it permissible u/s 40A(3)(b) to make payment in cash above 20000 Rs. if the cash memo is issued? Awaiting for reply. Thanking You.

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I will be completing my articleship on 21/08/2014 with an extension of 124 days and have discussed it with my principal regarding serving my extension under another principal. He threatened me by saying that he would not sign Form 108 until and unless I serve extension under him. Does he legally have an option to deny signing form 108? He also says that my articleship period of 3 yrs will be considered as complete only if I serve the extension under him. Is his point valid? He has paid stipend during my leave also, I have asked him about the reimbursement of the same and he told me that it will be compensated when I serve the extension under him. Can I take the route of form 119 as I have my training record maintained in a book daily signed by him against the work done. Could his false negative remarks damage the articleship certification procedure? What steps available to me. Please people help its very urgent as I don't want to serve my extension under my current principal.

Respected Sir / Madam,

I wish to earn online in India.


Plans include:

1) E-commerce
2) Pay Per Click kind of registration
3) Content based revenue generation

Kindly confirm the taxation rules.

(Assume net income as Rs. 1 - 4 Lac annually in each case.)

kindly confirm rules related to each tax - Sales Tax, Income Tax, TDS etc.

You are requested to kindly give as much details as possible.

Thanks in advance

Sir,I have recvd intimation u/s 143(1) of income tax 1961.I have file return within due date(28/07/2013).My taxable income is Rs 4,11,720/.Tax on total income Rs 21,807/which was deducted by Employer as per FORM 16.Now i recvd the above intimation.In that intimation the NET AMOUNT PAYABLE Rs 26,100/ was mentioned. What can I do?. please reply sir.

An auditor filed form 23B For the F.Y. 2013-14 of a private ltd. company but due to some personal reasons he is unable to do audit and wants to resign....What is the procedure for the same as per new Cos. Act?

And please explain whether new or old Cos. Act will be applicable here?

Thanks in advance

sir,
I have completed 1 year and 6 months of my articleship.Now i want to take transfer on the basis of " Transfer Within 1 Year".
I want to submit form 109 with 6 months prior date. My principle is also ready to sign it.
Whether it is possible for me to take transfer on above basis.
I also know that if i do so, my articleship postpond 6 months and am ready for these action.
I want to know that whether institute accept form 109 with back date?

Dear Sir,
I wish to clarify a doubt regarding Benefit of Housing Loan
i.e.
If husband & wife got the Housing loan as applicant & co applicant respectively , whether both of them can take benefit of Interest & Principal deduction from their income (to the extent of Rs.200000 as interest & Rs.150000 as principal repayment for each person) ?

Can a CA wife in her independent professional capacity do statutory audit of a private limited co. where her husband is the managing director, by disclosure in audit report? Kindly advice! Thank You!

Dear sir
i run newspaper advertisement agency
how much i should charge service tax
if my news paper advertisement bill is of Rs. 10,000
my commission is Rs. 1500
i passed a discount of Rs. 1000 to client
i made a bill of rs 9000 to the client
how much service tax i should charge from the client

a) weather i should charge service tax 1.84% on Rs. 10,000/-
b) or i should charge 1.84% on Rs. 9000/-
c) or i should charge 12.36% on Rs 500 (that is i actually earned)

please give me it's answer urgent.