sir
please answer my quarie that
when a contractor get a contract out side delhi whether that will be consider as inter state sale in respect of the goods involved for excution of the contract and the WCT deducted by the party is adjustable against Vat & CST

Dear Friends
Whether leave allowed by the institute during the articleship period is paid leave or without paid leave.
Please give reference also.

Thanks

hello,



can any one tell me - whether agreement to mortgage the property ,does it amounts to creation of mortgage and can such property be considered as secured asset and can a bank proceed against such property under Securitisation Act, 2002.


waiting for reply as early as possible.




saritha

SIR BUT IWANT TO CLARIFY THAT MY COMPANY IS MEMBER OF BSE,NSE,NCDEX ONLY ,IT IS NO WAY CONCERNED TO FOREX AND I DISCUSSED WITH THE PERSON WHO IS HANDLING THE SAME POSITION RIGHT NOW AND CAME TO CONCLUSION THAT THIS DUTY REQUIRES THE DISCUSSION AND REPLIES WITH EXCHANGES, TO HANDLE THE FILING SYSTEM WHICH COMES FROM EXCHANGE, AUCTION ENTRIES ,BASICALLY ITS TO MAINTENANCE OF PROPER FILES AND SENDINF OF FILES TO VARIOUS BRANCHES,TO HANDLE THAT WHETHER THE TRANSACTION TOOK PLACE TO CORRECT ID .THERE IS NO RELATION WITH FOREX IN MY COMPANY.SECONDLY MY FATHER IS PRACTISING CHARTERED ACCOUNTANT AND I THINK THAT BY GOING INTO FINANCIAL ACCOUNTING I CAN EVEN IN LONG RUN CONTINUE WITH PRACTICE.PLEASE COMMENT

Can a CA who has not done graduation (ie bcom,bba,etc) be eligible to join MBA (like IIM(CAT),symbiosis, foreign universities(GMAT))?//??

Dear Members,

I have a query.

The query is as follows:

Many well known companies (E.g Tata Steel Ltd - Schedule 3: Interest (Page No 124 of the Annual report for the year ended 31.3.2007) in their Schedules forming part of the accounts show Interest paid Less Interest Received. Does this practice conform to Schedule VI to the Companies Act 1956? Or if ICAI has recommended this practice in any of its publications, if so where? ROC's are also raising this question?

Learned Club Members are requested to enlighten me on this practice.

S Venkatesh

Is Driver Allowance & Petrol Allowance provided by the employer to employye is dedutable U/s 10(14)from Salary

dear friends,

any one can send previous year question papers of second group of pe ii exam...

regards..

saravanan.

my email address

sks.pmk@gmail.com

In this case when Bonds are exchanged into shares the same is not taxable in the hands of the non resident is clarified but whether the same could be taxable in the hands of the issuer since the shares are his assets and of other group company. Logically no but a view could be taken and what would be the reasoon if they are taxable and what would be the reason of noit taxing the same

Regarding query of TDS on reimb. exp. paid by C.H.A. on behalf of client like Custom Duty, Shipping Co. charges, Custom & Port charges etc., answer found is refer circular No.715-08/08/95 q.No.30 which say TDS should be deducted on this amts.

Now TDS on this reim. amt. is comes more than our actual agency charges which means. e.g. our agency charges (net income) is 3000/- per contract, but reimb. including cust duty paid is rs. 200000/- is comes more than 6000/- means we have earn our income by the way of refund from Income Tax. Is this resonable ??

In today's trend, for fast work, clients deposits amt of reim. directly in our bank a/c. from their city (core banking sys)and afterthat we r making payment on behalf of them, which shows that we worked only as a Mediator. But, TDS is also being deducted on this amt.

This amt. can't be considered as reimbursement exp. but we just paid as a mediator of two parties for getting work done fast.

In one seminar the Chief CIT also advised that TDS should not deducted on such type of reimb. pymts.

In above situation it is not possible to run business. A true fact : in previous year our gross income was 28 lac and net proift was 7 lac on which IT. comes abt.
2 Lacs. But TDS deducted by clients is 6 Lac.

Is there any clarification circular regarding this. Amt. paid as a mediator should not be considered as reimbusement of exp. and TDS should not be deducted on such amt. PLEASE HELP.