Dear All,

My interest lie in taxation and assume one clears CA with good marks what are the opportunities available.

Also any advice for a person whose interest lies more in the tribunal and consultancy rather than tax audits?

Information on pay and good firms in India will help me a lot.

Thanks a lot CCItes...

We have two companies one in Powai and another in Mahape, Navi Mumbai and both units are having different assessee code. As per order given by dept we need to pay custom duty. However while making the payment instead of making the payment from Mahape unit assessee code the payment is being made from Powai assessee code. Now dept does not accept the payment made on Powai assessee code. Is there any provision to get refund of duty paid on Powai assessee code or transferig the amount from Powai assessee code to Mahape assessee code. Plese suggest.

A private limited company was formend on 4.04.11 with initial allotemnt of shares of Rs.One Lacs. Now the company has decide to takeover the proprietorship business of the promoter director:
1. How this will be done , What precautions should be kept

2. Which FORM should be used for Share allotment Form 2 or Form 3

Hi I am a CA final student I am planning To join Eten CA Classes For Law by Mr. R.D. Maheswari and Audit By CA Pankaj Garg can anyone tell me his experience with regard to this or anyone know how these faculties are if yes please let me know.

when i prepared balancesheet of pvt ltd company then i prepared deprication chart according to income tax act and according to company act and company sold a individual asset (not in block)and according to incometax act when i shown it in depriciation chart its selling value is more that its w.d.v but according to company act there is no profit no loss then whether should i ignore this asset according to incometax depriciation chart

Dear Expert

I have been contracted with advertisement company since one year and given them PDC's then i have not deducted the TDS. how can i treat for this.HOw much TDS should i calculate and were it is effect in bank account, P&L account and Balance sheet.

Thx & Rgs

The Assets under TUFS- Technology Upgradation Funds Scheme of Ministry of Textiles are eligible for deprecation at 50%.(section 32)

TUFS is extended upto 31.03.2012.
But the Income Tax Act says the asset put to use before 01.04.2004 are eligible for depreciation @ 50 (Section 32)

What is the implication of extension of TUFS ??
Is it the asset should be put to use on or before 01.04.2004 and such asset would be eligible for depreciation @ 50% till 31.03.2012
or the asset can be purchased and put to use on or before 31.03.12???

Dear Sir,

Even after paying VAT penalty u/s 29(8) of Maharashtra Value Added Tax for late payment and filing of return of VAT & CST,sales tax department has levied penalty u/s 9(2A) of CST Act 1956 of Rs.5000/-. Is this penalty was imposable on us even after paying VAT Penalty. Is there any legal process to avoid this penalty.

How far it is possible that the new Direct tax code proposed to be implemented April 1, 2012 onwards will be applicable for NOV 12 CA-final exam.

Please clarify,
Amount of Cenvat credit eligible in case the supplier EOU clears / assess goods without availing exemption under S.No. (2) of Notification No. 23/2003-CE.

(PS. Rule 3(7) of CCR,2004 prescribes admissible Cenvat credit in respect of goods cleared under S.No. (2) of Notification No. 23/2003-CE. only )

thanks & regards,

vijaya kumar