CS Final Old Syllabus - Tax and Company Law which amendments are valid for Dec 2009 term.

If accountant has done any wrong entry-either by mistake or by intension of his employers- what are the legal actions that can be taken on accountant by Incometax/Sales Tax/Excise or Service Tax Depatments ???

What is the legal actions against accountat if profits are adjusted by the owners of the company???

Sir,
in A.Y. 2008-09
My one client have paid his SA tax. But initially he paids it for A.Y. 2007-08. That was really a mistake by him. What is the procedure for claiming refund for that A.Y. i.e...He used to file return online....pls help


Note : He has cleared all dues in respect of IT.

Hello Experts,


1) Under which section Interest paid for late payment of TDS is disallowed

2) Under which section amount debited to profit and loss account relating to previous year is disallowed.

e.g. If in last year provision for telephone bill, electricity bill or any other expenses is not made and debited to current year P&L account, under which section this amount will be disallowed. (OR whether this amount will be disallowed or not ?)

3) Any excess or short provision of previous year, transferred to P&L a/c, whether disallowed or allowed in current year.

4) If an society want to claim deduction u/s 80P, but didn’t filed return of income since it’s incorporation (From last 12 years), But now the society has filed ITR for FY 2008-09, can he claim deduction u/s.80P for FY 2008-09.

In this case what is about ITR & section 80P for last 12 years. (Note there is tax audit applicable to society till date, i.e. turnover is not exceeded more than 40 lacs.)

5) can we debit to P&L account loss on account of Futures & option.


Please give me answer (s).

Can anybody please tell me whether an MD can be appointed by the Board? If yes, under which section?

plz mail me the board resolution of search and registry of trademark

I have received a notice for an appeal/review filed by me against the Assessment Order for the year 1980-81 passed by AA/Ward ____and has requested me to appear before him tomorrow. I do not remember anything about such appeal/review filed by me. The firm surrendered its certificate on July'2001.
The notice mentions Ex-parte judgement on default of non- appearance

Notice is dated 17/09/2009 and served on 23/09/09 for hearing before JC on 24/09/09.

Is the notice legally valid even after 30 years.

What can I do?

I lost my FBT challan, I want the detail of that challan, any body give me the answer how to get the detail of the challan
Is there any website to find the Detail of FBT Challan

I've query on ESOP Trust. Pls guide me me on this.
My client is a listed company. They have created a ESOP Trust ( Employee stock option trust) for alloting shares under ESOP scheme. Shares have been alloted to the trust in the year 2006 at Rs .51/-. Now the shares are transferred to the eligible employees at Rs. 211/- as per the Esop scheme. I would like to know how the difference between Rs. 211/- and Rs 51/- will be dealt in the books of the trust. Is it taxable as long term capital gain.

I'm of the opinion that it is not taxable by applying the principle of mutuality. Since the beneficiaries are employees and the transfer is being made to the employees, the difference of income is not taxable. Is my view correct? Kindly give your opinion.

Dear Experts,

According to AS-5 Prior period items is to be disclosed separately. What is the impact of these items under Income Tax Act and Companies Act? Whether it will be allowed if tds is deducted under I.T. Act, and what is the significance under Companies Act?

Regards,
Shashi