Hello Friends

My query pertains to Clause 4 of Schedule I to Chartered Accountants Act as amended by Chartered Accountants (Amendment) Act, 2006. Amendment provides that a CA in practice should not enter in to partnership with any person other than CA in practice or any other person who is member of any other professional body having such qualification as may be prescribed.

I want to know whether any such other professionals have been prescribed for the purpose of partnership.

Regards
Hitesh Chhugani

A company (A Ltd.) has acquired a business unit of another company (B Ltd.). Consideration paid is more than net asset acquired. Hence there is a goodwill for A Ltd. Whether A Ltd. can claim amortisation on this goodwill amount for tax purpose.

A company (A Ltd.) has acquired a business unit of another company (B Ltd.). Consideration paid is more than net asset acquired. Hence there is a goodwill for A Ltd. Whether A Ltd. can claim depreciation on this goodwill amount for tax purpose.

dear sir ..
I will complete my 2 years of training on 1st november 2008. even then i'll not able to appear in nov.2008 attempt? will may 09 attempt falls under old sylabus , what if i cleared 1st group in that attempt and gets exemption in 1 subject of 2nd group?

Whether tax cess or fee as per 43B is required to be passed through P/L a/c for computation of disallowance?

The assessee firm had received Rs.150000 as interest on bank deposit.Whether the same is to be allowed as deduction in computation of eligible remmuneration as per the income tax act.

In the A Y 05-06 the assessee did not deduct education cess but the TDS with SC was deducted. However in June 2005 deposited the shortfall with interest. Suppose the total amount of which TDS is deducted is Rs 10 lacs. TDS comes to Rs 20000 plus SC Rs 500 + 410 EC ( its is a case of TDS on contract to company). What will be the amount of disallowance ?. Is the entire amount will be disallowed due to small amount of Rs 410 not deducted and deposited within the Financial year or a proportinate amount should be disallowed ie. about 19617.

What is MIS report? What is its importance? how can it be prepared?what are the factors to be considered while preparing such report?

Dear Sir,
I had completed CA (inter ) some 10 yrs back,i had appeared in the finals a few times but i could not clear.
Can any one guide me as to whether i should start again and appear in the finals as i always have a longing to be a Chartered Accountant.
I am now working and 35 yrs old.
regards,
ajay

I would like 2 know SAP what is it ? From where it con done ? Website