As per ICAI guideline i have intimated my principle 3 Months prior, about my intention to do industrial Training.
Now i have got placement As industrial trainee, & i am ready to serve 1 month notice period as per my exsisting firm's policy.
But still my principle is not allowing me for IT. Can ICAI help me in this ?? IS principle's call is final for IT even after complying all guidelines by ICAI ??

Hello,
When a firm Gives Loan to other party in excess of Rs. 20000/- then section 269ss or 269t applicable?

We required 10,00000 lakhs funds sir , which option is better
1.cash credt
1.OD
1.Term loan

Dear All,

Pls let me know that my directors are taking remunaration of Rs.65000/- per month. we have deducted Rs.11,300/- as TDS for two month against two months salary of Rs.1,30,000/- after getting deduction.So in this case what amount i should post on 24Q for 1st qtr in coloumn amount paid or credited..

Pls reply ...

Dear Sir,

We manufacture 2 products

One on which we pay 2% excise duty from start of the financial year.

And on other we don't.

Then does the turnover of the product 1 on which we have already paid excise count in the total 1.5cr exemption for SSI?

Thanks in advance, any reply would be appreciated.

Is individual required to submit AIR returns
If yes then is there penality if taxpayer has submitted IT returns in time but not submitted filed AIR forms based on investment (between 2 to 5 lakhs) as shown in 26AS ( since last 3 years) Can you please throw light on whether an individual pensioner who have submitted IT returns in tlme is required to furnish AIR reportWH Only information was taken from 26 ASR. There is no such requirement in ITR 2
WHAT WOULD BE PENALITY FOR FURNISHING AIR NOW FOR AY 2010-11.AMOUNT INVOLVED IS ONLY 3 TO 5 LAKHS KEPT IN LIQUID FUND
IN WHAT FORM SUBMISSION IS REQUIRED IF ANY
KINDLY INTIMATE THE PROCEDURE

We have a factory located in silvassa (UT) for produced steel articles on which excise is leviable. The HO is located in mumbai. We receive bills for various services on which service tax is levied. We don't have any service tax liability. How to take service tax CENVAT credit against the excise payable. Please explain in details about which forms to fill necessary documents etc

TAXI FARE, AUTO FARE COME UNDER REVERSE MACHANISUM AND SERVICE TAX LIABILITY ON SERVICE RECEIVABLE

Dear Expert's.

We are a Manufacturing company and we want to know that if we are paid the service tax on freight invoices of like GATI, BLUEDART, ETC. then in this case we can avail service tax input credit against our excise duty payment amounts.

Freight charges are inclusive in our sale amounts.


Request you to please advice on above matter ASAP.


Thanks in advance.

Jeevan Sharma

I attempted ca-ipcc may 2014 by qualifying in CPT & awaiting for results. I have completed my b.com this year. so I wanted to enter ca ipcc through direct entry before july 31. so please advice me what are the consequences if I pass group 1 in upcoming results in august.