One of my client has been wrongly registered under the wrong Head of taxable Service which he want to rectify.
He has obtained ST-2 service tax registration form i week ago where he is allready registered under wrong head
Please provide me details of CONSEQUNSES IF HE IS REGISTERED UNDER WRONG HEAD. and wheather it is necessary to rectify his head of Taxable Service.

Sir, i need to ask for surrenderig pan of firm,is there any applicaton format to write to AO for this purpose.
or a simple application could be given ?

please reply

When assessee expired before October in the previous year. Whether income earned by the expired person in the previous year is taxable under income tax act 1961? Who has to file expired persons return ?

Dear Sir
I had purchased Flat in Pune which is under construction till date & get possession in January 2011. I had get sanctioned loan from SBI Bank of 10.50 Lacs of which till date 8.66 lacs are received by different demands given by my Builder. My Flat Value consists of following Basic Cost + Stamp Duty & Registration + MSEB + Society Formation + Deposit against Maintenance (Total 12.40 Lacs). All of these items are mentioned in Agreement & SBI sanctioned Loan considering all these. I paid the Stamp Duty & Registration charges on my own for which receipts are provided to Bank. Now my Builder is saying that he can take only Basic Cost from us in cheque. Other amounts (MSEB, Socicety Formation, Deposit against maintenance) should be made in cash to him else they will be taxable to him. If I gave him all this charges in cash incerasing my burden then Bank will not be able to give me remaing loan as no receipts from builder will be received. Builder had gave us option that he will give us the receipt but then I will have to pay 10 % tax on exces amount collected by him other than Basic Cost. I had given them option better you collect from Bank & refund me back & then I will give to you in cash. But according to his C.A. such refunds are not allowed. So now i had left with option of paying his income tax with my cash as I can't spare extra amount which may come to 1-1.5 lacs. It will be great help if you guide me in this case.

Good Evening,
Can anyone please help me out with the procedure of coverting frm PCC into IPCC course and the time-limit,exception etc.

My detail is as below:
*I had given 5th attempt for PCC exam and waiting for the results.
*I am serving now my extension (excess leaves) period which is almost one year.

Whether my period which i already served will going to count if i got converted to IPCC and if i do this conversion procedure after knowing results of PCC Nov 2010 exam,what is the time-limit for conversion.Plzz help me

Thanxxxxxxxxxxxxx in advance...

Iam a PCC student n has cleared group1, my next attempt is in MAY 2011...I have terminated myself from the previous employer n has been registered under the new employer two days back....as such the fees taken for reregistration is for IPCC n not PCC...So will i b eligible to write Group2 of PCC or Group2 of IPCC in MAY 2011 as such subjects under both the courses r different

i am presently working in finance industry since last 3 years and wants to start of my practice after 5-6 months... i do not have much practical exp of audit and tax.
so what steps i should take to start my practice and success through it.
what is the prerequisite knowledge to start for? advance and basic

Can anybody provide subject wise ammendment/difference between old syllabus & new syllabus for CA Final?

Is it advisable to use Compilation published by institute which covers only old syllabus?

We power generation company, power exempted good, hence not taken excise registration.

we are selling scrap generated during fabrication and erection of power plant.

Is it excisable, liable to pay excise duty?

I know, that we have to pay excise duty on scrap sales in mfg. company. But here...

Please clarify sir...

N & P enters into partnership on 1/1/02 without agreement .N died on 31/9/02
Amt from cash sales deposited into bank after retains sum as follows
business exp:rs 50- pr week
personal exp -N 5000.P-6000

Paid into bank
capital N 25000.P 20000
Collection from credit customer 27734
balance of cash sale 35000.

Payment from bank
to suppler 45540
free hold permis 32000
furniture (1/7/02) 8000
s exp 2000


Additional info:-
GP-20% during year
cash discount allowed 2% and received 1%
goods return to suppler 1000 and by customer 900
bad debt written off 800
on 31/12/02 36000 owing to suppler nd 5500 due from customer

On tht day agreement b/w P nd Ns executive is :
a. Trading result aftr desperation on Furniture 10%pa should be presumed have been earned evenly for whole year
b. No provision for discount
c . Goodwill ignored
d. as from 30.9.02 a interest of 10%pa in lieu of profit is to be allowed t Ns executive on amount due to him ..
Prepare trading nd P&L and balance sheet 31/12/02