sheetal
This Query has 2 replies

This Query has 2 replies

15 June 2008 at 16:00

About Indian Revenue Services

Dear All,
Please guide me about Indian Revenue Services.Where to apply, about exams, syllabus,etc...means everything..


SHIKHA AGRAWAL
This Query has 2 replies

This Query has 2 replies

15 June 2008 at 14:29

Deduction of interest on house loan

Hi,
If an assessee has two houses, one is self occupied and other is rented. Assessee has taken house loans for both the houses seperately and the interest payment in aggreggage exceds Rs 150,000.00
Please advise
Is
(i) Assessee can claim interest for more than 150,000.00


Anil
This Query has 1 replies

This Query has 1 replies

15 June 2008 at 13:26

Karnataka VAT - Audit

1) Is VAT audit mandatory in Karnataka for private companies who get their books audited under Companies Act as well as income Tax Act?

2)When is the last date for filing of Form 240 under Karnataka VAT?

3)Once an establishment is registered under Karnataka VAT should it be renewal every year like it was being done earlier under the Karnataka sales Tax Act? If yes, please let me know the Form to be used, the last date for filing such form as well as the fees to be paid for renewal and the cheque in whoes favour renewal fees is to be paid


4) Can one submit monthly KARNATAKA VAT form 100 online?


Kindly answer the questions pointwise in the order they are asked

Thank you


Jiwan singh
This Query has 4 replies

This Query has 4 replies

Dear ALL

Please define me

What is the deffered tax liability/assets,How is accounting of that


inder jain
This Query has 2 replies

This Query has 2 replies

There was a contoversy whether Associations working for the promotion of trade, commerce & industry are liable to service tax under service by clubs & associations. Whether it has been resolved?




CA Anand Sarda
This Query has 1 replies

This Query has 1 replies

14 June 2008 at 20:59

Multiple Questions

Q.1) How does a FSD & SSD pass on the Excise Duty Credit?
A FSD recieved a bill fo Rs 5000+700(ED) & when he sells, how much excise duty he
should pass to further buyer( Sale Price of FSD is Rs.6000) ?


Q.2) Applicability of CCR,2004 to various parts of India in relation to Input, Capital Goods,
& Input Service? Example?

Q.3) After GUjrat Ambuja Cements Ltd Case, Can we take the cenvat credit of service tax paid on
transportation services from place of removal to the buyers premises? and If no, then Why??

Q.4) Khandelwal Case in relation to Cenvat Credit?

Q.5) As per Rule 11 of CCR,2004 (inserted in FA,2007) Reversal of credit taken on inputs, which
are still lying in the stock, or in process or in final product lying in the stock, when final product
becomes exempt from duty subsequently.,, The amount remained in cenvat credit a/c. after reversing
the said amount shall lapse? IS this True.??



ambar singh
This Query has 2 replies

This Query has 2 replies

14 June 2008 at 18:54

how to join IGNOU

i was doing B.COM and i have given 2'nd year exams. but as my college is of morning and it is conciding with articleship timing as per new norms i want to leave B.COM but i am not getting any information as how to join IGNOU.PLZ help me


Maheshwari
This Query has 1 replies

This Query has 1 replies

14 June 2008 at 18:42

Gifts from Maternal Side

MY MATERNAL GRAND FATHER WANTS TO GIFT ME A CERTAIN X AMOUNT. CURRENTLY HE IS HOLDING THE AMOUNT IN THE BANK FIXED DEPOSIT, WHICH STATES HIS NAME FIRST, SECOND MY NAME. HE HAS ALSO MADE A WILL THAT THESE AMOUNTS SHOULD BE GIVEN TO ME. IS THERE ANY THING WHICH CAN BE DONE TO SECURE THIS MORE FROM ANY FURTHER CLAIMING BY HIS OWN SON ?

HE HAS ALSO SIGNED LETTER STATING THIS THESE ALL SHOULD BE CONSIDERED AS GIFTS FROM MY SIDE AND NO ONE HAS ANY CLAIM OR RIGHT ON THIS.

ALTHOUGH I HAVE ALSO MADE A GIFT DEED OF THE SAME TOO. BUT I FEEL THAT THIS IS CONTRARY, AS CURRENTLY THE AMOUNTS ARE NOT GIFTED, IT WILL BE AS PER THE WILL. SO DOES THE GIFT DEED STANDS VOID ? IS MAKING THE GIFT DEED ALSO WISE ?

MY QUESTION IS : IS THERE ANY MORE DOCUMENTATION REQUIRED RATHER THAN A WILL ?

IS THIS MUCH EVIDENCE ENOUGH IN MY FAVOUR TO GET THE DEPOSITS AFTER HIS DEMISE ?

I LOOK FORWARD TO YOUR EXPERT REPLY.


Maheshwari
This Query has 1 replies

This Query has 1 replies

14 June 2008 at 18:38

Gifts from Maternal Side

MY MATERNAL GRAND FATHER WANTS TO GIFT ME A CERTAIN X AMOUNT. CURRENTLY HE IS HOLDING THE AMOUNT IN THE BANK FIXED DEPOSIT, WHICH STATES HIS NAME FIRST, SECOND MY NAME. HE HAS ALSO MADE A WILL THAT THESE AMOUNTS SHOULD BE GIVEN TO ME. IS THERE ANY THING WHICH CAN BE DONE TO SECURE THIS MORE FROM ANY FURTHER CLAIMING BY HIS OWN SON ?

HE HAS ALSO SIGNED LETTER STATING THIS THESE ALL SHOULD BE CONSIDERED AS GIFTS FROM MY SIDE AND NO ONE HAS ANY CLAIM OR RIGHT ON THIS.

ALTHOUGH I HAVE ALSO MADE A GIFT DEED OF THE SAME TOO. BUT I FEEL THAT THIS IS CONTRARY, AS CURRENTLY THE AMOUNTS ARE NOT GIFTED, IT WILL BE AS PER THE WILL. SO DOES THE GIFT DEED STANDS VOID ? IS MAKING THE GIFT DEED ALSO WISE ?

MY QUESTION IS : IS THERE ANY MORE DOCUMENTATION REQUIRED RATHER THAN A WILL ?

IS THIS MUCH EVIDENCE ENOUGH IN MY FAVOUR TO GET THE DEPOSITS AFTER HIS DEMISE ?

I LOOK FORWARD TO YOUR EXPERT REPLY.


DEEPIKA TYAGI
This Query has 2 replies

This Query has 2 replies

Dear CA Club Audit Experts

If one company is incorporated in Sep 2007 .
Now my Quary is Can this company get the accounts Audited and file with ROC in March 2009 at one time for it’s first Audit for 1 ½ year ?


Sep 2007 to March 2008 – it will be 6 months(Year will be 07-08)
March 2008 to March 2009 –it will be 1 Year (Year will be 08-09)



Thanks

Deepika Tyagi

Prime CFO Management Pvt. Ltd.

primecfo@hotmail.com






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