AN AMC Contract for the period of Jan 07 to Dec 07 was taken and the same was expensed out entirely in the previous year and the statutory auditor was unable to recognise it, wherease in the current year the same is recongnised by another auditor, then what will be the accounting treatment for such rectification

Hi all,

Friends If someone cleared pe-2 in nov 2007 then His final attempt will be due in nov 2010. (Under new scheme)

But on the other side If a student cleared pe-2 in may 2007 then he will be elegible for final exam in Nov 2009. (under old Scheme)

Friends Its totally unfair for all those who cleared pe-2 in nov 2007, so I want to know-

1. Who will be elegible in May 2010 ?
2. Is There any Students union which can request to Institute, to save the important time of students ?.
3. How can we tell these things to President and other honorable members of the institute.

what is the treatment of cash discount allowed to customer . it is shown in credit side or not in branch debtors account

Friends ,
I am Akash gulati student of ICSI ........ I have cleared my finals of company secretary December 2007 I am also a student of MBA and have been selected as a business analyst in a very reputed company (One of the leading IT company),I want to take your's opinion as to whether should I go for the training of 15 months or should I join in the company as an MBA in finance is it worth yto leave a job now in expectation of a good job after becoming ACS considering my current pacage is 300000 per annum.....

Sir,

I have filed revised returns of MVAT & CST for 12 months.

Instead of filing the returns in Sales tax department I have filed the same in Bank by paying Rs. 10/= for each month & for each return.

I want to know whether this is accepted by dept. or again I have to file the returns in Sales tax dept. seprately.

Please reply me immediately.

Sudheer Sarvate

is medical reimbursment exemption upto Rs 15000 taxable under FBT....

A&B is a partnership firm
net profit after remuneration is Rs.18,62,230/-
remuneration to partner(A) is Rs.2,40,000/-
1. how will i calculate income tax ?
2. is tds applicable on remuneration of Rs.2,40,000

Hi friends,

I have completed C.A PE II now i want to do MBA course can any body suggested me to do MBA Ignou/ open university which one is better for my future.

I purchase a machinery for my plant purpose. I take the machinery under the head of fixed asset. input vat is 12.5% charged on the machinery in invoice. shall i claim input tax on the said machinery.is it capital expenditure or revenue expenditure.

will the basic exemption limit of rs 800000 be deducted from the total receipts to arrive at the figure that is taxable under service tax.
is there any such provision for a first time service tax payer?