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Anonymous
08 February 2010 at 20:25

Exploitation in Articleship

Please help.My principal agreed to give me certain extra leave on the condition that he won't issue cheques for the period i am present.I assumed it depended on mutual consent.Also our office is small size so there's lot of free time doing nothing.Now the situation is that i've taken extra leave of 2-3 months from him and also worked overtime during some audit and income tax filing period.Of course he's not giving me any credit for the extra hours worked.On the contrary,as on paper it appears as if i have taken 10-12 months of extra leave, he's giving me an undue extension in the period of articles. Moreover,I don't have any proof against him. I know it is my mistake to some part in making such an arrangement with him in the first place, but i was uninformed then. I am not as sorry as to serve extra period,as i am to serve it under him as i don't trust him anymore. Ignoring that leave, I am left with approximately 8 months of articleship. Can i re-register with some other CA for my remaining period of articleship?
Please help.I can't continue working under him.If you don't provide me with any solution i will be left with only two options,first, leave CA .Second,and i am not exaggerating,Leave this world.Plz prevent me from doing any of the two.

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Robert.M
08 February 2010 at 19:47

Take up Training or not??

Hello, Im Robert here doing my CA-Final. Im planning to take up my Industrial Training for last 12 months and so, Ill be taking up in April. My final attempt is in May 011 and so, there will a problem for my study leave as Ill be completing my training in march or april 1st week n so.. So, Im totally confused whther to take up in may or to go for November. And also Im thinking Is it really worth while to forgo the may attempt just for my Industrial Training or not??? plz give me some vaild guidance and suggestions so that I can judge it better at the earlist and start my preparation for the Exams!!!!!!!

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Anonymous
08 February 2010 at 17:11

About Non Receipt of Form 112

Sir, I have sent an Form 112 to Institute before 3-4months but i have not yet received any confirmation. I have no idea to whom i should contact, please help me about this matter.
To whome i can mail in Institute?

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Sandeep Mane
08 February 2010 at 16:25

Housing loan Principle & Interest Claim

I have existing home loan and recently I have taken one more home loan for my new property I understand that I cannot claim both home loans can you confirm if my understanding is correct. Also if I am not claiming new home loan for IT benefit do I need to still mention of the new property anywhere in IT?

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MANISH KAPOOR
08 February 2010 at 15:18

Bad Debts Treatment

We are a Share Trading Company and we Purchase and Sell Shares on behalf of our customers.
In case of two of our customers we suffered heavy losses when the markets crashed in 2009, and finally after settlement in court they paid us 20 % of the amount which were due to us.
Can we treat the debit balance of the remaining 80% as bad debts for income tax purposes.
How.........

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Anonymous
08 February 2010 at 14:55

Genuine Query on CS profession

Hi,
I have read about the CS profession in the newspaper, and am contemplating joining it. Since I know no one in the corporate world, I asked a new CA in my town about CS. He is discouraging me from CS saying there are no specific skill-sets apart from law that is learned, and that the job profile at entry level will be very bad. How far is this true? I know it takes a lot of effort and commitment to clear CS exams. But since I do not know any CS, I am thrown into confusion. Please keep the query open so that more than one person can reply to this query.
Further , does ICSI conduct campus placements like ICAI?

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Anonymous
08 February 2010 at 10:32

TCS Applicable or Not ?


Dear Experts,

We are real estate developers. Developing a residential project, my query is we are procuring construction material for our project example steel and cement.
Now some quantity of steel we are going to sell through scarp because of some failure during steel text.


Query
1.Would TCS be applicable on same?
2.How will be calculating TCS amount on scarp value if scarp value is 10,000,00/-
3.How to deposit TCS to Government.





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nitin
08 February 2010 at 00:53

wct liabilty

my client is a builder he builds residential floors in 2 scenarios

1.he gets into a contract with party and takes one floor and makes rest of house for him

2. he takes own plot and sells floor wise

i want to know service tax and vat applicability i want to further add

suppose he incurrs cost of 50 lakh in building the whole structure and sells his floor for 60 lakh and two sixty lakh floors given to the client free of cost rate of vat is 12.5% and service tax is 10.3% on which amt vat and service tax is levied

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Surendra

dear all
i want to know that it is compulsory for transporter when he did not deduct any tds from any other transporter. any notification regarding this subject issued by department or any clarification by department. if is it then share ur knowledge with me. thanks in advance
surendra kumar

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V.PASUPATHY
05 February 2010 at 19:07

Change the course from PE2 to IPCC

My name is Pasupathy, I am studing PE2 course. I am Passed the Group 2 in November, 2006 exam, I am
secured 172 marks. I Have exemption in Accounts paper 69 marks
obtained in November 2008 Exam. The past two attempts (June 2009 and
November 2009)I tried the PE2 exam, but two time i am not cleared the
rest of the two papaers (Auditing and Business Law).

This is my situation, I am changing the Course from PE2 to IPCC, is it
possible or not. If I am change the course the IPCC, I Have some
question, could you please clarify my questions.

1. When I will attend the exam?
2. How many papers I write the exam?
3. I will appear the next IPCC exam on May 2010 is it possible?

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