Under what circumstances the company can reopen or make revision in the financial statements. The circular issued by ministry of company affairs mentions as "under certain circumstances". Could any one of u tell what is it.
Lalitha

One of my ipcc frind had secured exemption in tax grp-I & in advanc a/c grp-II in nov 09 attempt & in 2nd attmpt securd exemption in a/c grp-I & cleard IInd grp, now in nov 10 he has givn costing & law grp-I his frnds says tht he wont get benifit of exemptn of a\c grp-I clrd in may 10 as per institute rule tht exemptn of previou atmpt must be exausted.kindy answer wheter he wil get benifit of a\c grp-I in nov 10.

CA Club India is a very useful platform where people can share ideas and seek advise from experts.
However often it is noticed that the advise of expert does not answer the seekers, yet the question is set 'resolved' and it is closed. Sometimes it seems that the expert was not able to understand the question or he was not well aware of the matter being questioned. be it because of the lack of knowledge or expertise or lack of seriousness to the question or his role of an "expert", such practices defeat the very purpose of people interacting on CA ClubIndia.
My appeal to experts is that... please don't reply to a question without understanding it well, and please don't reply if you don't khow about the issue or can't understand the question itself.
Please remember giving a reply only for the sake of saying something or to earn "Hall of Fame" is not the pupose of the person questioning... the seeker wants help... a real help...

Sir i have cleared CA in Nov. 2009. I am member of ICAI w.e.f. 11-03-2010. My COP date is also same.
What are my obligations for CPE Credit? I have gone through institute site but i am not clear.
From which year my requirement for CPE credit will start. I have already gained 10 CPE hours by attending seminars. But some one told me that my CPE hours will start from next year.
Please clear my position by considering my membership & COP date i.e. 11-03-2010.

Dear Sir,

Whether power generation liable for excise duty? If it is exempted, is it compulsory to get excise registration under central excise act? Please clarify my doubt.

Whether State Level Sales Tax applicable on power generated and sold to power grid?

Our company started construction of captive power plant, it is Thermal Power Plant.

Requesting you all please clarify my doubt with relevant notification or sec. numbers.

Thanking you,
Swamy K.

We received Interest on Fixed Deposit made for issuing BG for Earnest Money for A contraction Project. Now there is question whether interest on fixed deposit should be less for project cost ( From Wrok in Progress) or it is treated as income from other sources. What implication under Income Tax.

Dear members

Do we have any time limit under company law within which Form 21 for filing the order u/s 141(1)(condonation of delay in filing form 8)should be filed? Kinldy do clarify.

regards

What is the Professional Tax Slab in Madhya Pradesh for 2010-11?
If there is any notification , please inform.

Dear friends

can anybody let me know what are all requirements ( such as approval from excise dept, forest dept etc.) of setting up of biri manufacturing company.

Hello all,

My client conducts ISO AUdit & registered in service tax, he conducts the Audit in India as well as outside India.

I want to know whether

a) the service tax is applicable for the services rendered outside India.

b) if the Auditors are outsourced from other Audit firms in India to conduct audit outside India, are we liable to pay the service tax to the outsourcing firm.