m a ca final stud, got thru wid pcc in frst attempt and a graduate frm delhi university b.com(h) working in a small ca firm wid almost zero exposure

its equivalent to takin dummy training, m really confused wat 2 do left wid 1yr training..........

as we r nt allowed 2 take transfer my situation is even worse

m afraid dat even after qualifying as a c.a. my glorious past of 3.5 yr of so called training wid zero exposure will nt allow me 2 get any job....

i really dont know wat 2 do? i need a job as soon as i qualify my parents r really lukin frward fr me 2 earn..........

plz guide me.......

If one partnership firm has been registered 10 year before and they have not taken PT registration and at the same time not paid PT but they are Paying PT individually as well as they have registered there each employee under PT ask them to pay there PT separately and all there partner also paying separately.

Now my question i want to make all this under one roof so that only one partnership will have to pay PT so what procedure should i follow.

Dear Friends,

One of my clients is purchasing goods from hyderabad and selling the same goods directly to a party situated at Delhi. Pl guide me what would be sales tax (VAT & CST)implications on the said transaction. we are registered dealers in the state of Maharashtra

Can a Part time COP Holder provides services for his client for applying DIN , DSC, PAN, TAN etc., Getting Registration for Service Tax, Excise Tax, LLP, Company and like.

Dear All,
Can you please anybody give me suggession for my career?

I have already given 5 attempts to PE-II,but i am not geting pass.
Now i want to convert from PE-II to IPCC and i have already registered for 100 hours ITT training but I am not written that exam.
What is the procedure for conversion and the registration for 100 hours ITT training is still available or not?

Give me reply as early as possible.

Regards
Srinadh

Hi All,

I want to know two things

1.
Whether the new added remuneration ceiling for partners (Rs 300000/-) can be applied to the last financial year ie, 2009-10 (for which we submit the IT this year).

2.
Can the working partners take any amount, other than the remuneration or commission paid under the ceiling section 40(b), which will be treated as expense of the firm authorized or unauthorized by the deed.ie, By simple

if Rs 3 lakh is the total remuneration payable to the working partners according to ceiling of section 40(b). I want to know any other amount, other than this Rs 3 lakh can be paid to working partners as commission or any such, which will be deducted from the total income of the firm
please answer with appropriate section.

My accountant says there is a provision in the IT for the same. But when I searched for it, all answers says, all the amount paid to partners under any name comes under the ceiling of section 40(b). Is my accountant's view true. I am in a nightmare. I need an experts help.
Please help me!!


Thanks In Advance

As per exceptions given in rule governing section 40A(3) payment can be made in cash exceeding Rs. 20000 for the purchase of fixed assets.
My query is keeping above rule in mind whether payment in cash exceeding 20000 can be made during setting up of project (Construction period) as all the expenses incurred during the setting up of project are to be capitalized rather than being claimed as expense in profit & loss a/c

HI FRIENDS,

HOW ARE YOU, I HAVE A QUARRY WE ARE IN BUSINESS OF IMPORT AND WHEN WE ARE IMPORTING GOODS AND TRANSFERING ADVANCE MONEY AGAINST IMPORT OF GOODS WE SUBMITTED FROM NO 15CB AND 15 CA TO OUR BANK i.e BANK OF BARODA.
BECAUSE OUR BANK i.e BANK OF BARADA DOES NOT TRANSFERED MONEY WITHOUT FORM NO 15CA & 15CB. BUT AT THE SAME TIME THE OTHER BANK LIKE CORPORATION BANK, AXIS BANK THEY DO NOT ASK FOR FORM NO 15 CA AND FORM NO 15CB FORM TRANSFERIGN MONEY AGAINST IMPORT.

MY QYARRY IS WHICH BANK IS RIGHT OR WHICH BANK IS WROUNG. AS I HAVE PERSONALLY VISITED TO CORPORATION THEY TOLD ME THERE IS NO REQUIREMENT OF FORM NO 15CA AND 15 CB AS PER RBI CIRCULAR.

PLEASE I WOULD LIKE TO KN0W IF BANK OF BARODA OUR BANK IS WROUNG THEN I WOULD LIKE TO OPEN MY C/A WITH SOME OTHER BANK BECAUSE IT IS VERY DIFFICULT FOR US TO GO TWICE OR THRICE TO CA OFFICE FOR FORM NO 15CA. IF SOME TIME CA IS AVAILABLE WE CANNOT TRANSFERED MONEY IN THAT CASE.

THANKS IN ADVANCE WITH REGARD.

If a factory brings in some capital goods but does not take cenvat credit in the year of its procurement, can the factory take 100% credit in the next year?

Illustration :

Procurement of Capital Goods - April 2008-09

No Credit taken in 2008 - 09 0r 2009 - 10

Can the factory take 100% credit in 2010 -11 in one entry in the credit register?
or, what should be the manner of taking credit in this case? Please cite Rules and notifications.

I have 2 home loans – one for the house Im staying in (Bangalore) and another rented out (Chennai). Last year I had classified my Blore house as self occupied and Chennai as rented out. Since the income from property (chennai) was lower than interest outgo I had claimed tax refund while filing return last year. Even after a year I havent got any till date. For this year can I
1)put my Blore house as rented and Chennai as self occupied because I have a higher interest component on my Chennai home which can be deducted from my taxable income (since this will be done by my office accounts – im sure to get this benefit unlike tax refund which I may never get !!

Is this allowed – considering I stay and work in Blore ?

2)How long do these tax refunds take ?