Dear Experts,
I m 18 year old & CA final student. I hav cleared my PE-II in may 2007.I m B-com 2nd year student.
I want to know the minimum age 4 appearing in the final exams.& if i will clear my final in nov.2009 when I'll get my qualification Degree certificare.?
Sir Plz tell me the name & age of the youngest student of ICAI who hav qualified CA.

Regards,
Anil Jain.

can after becoming a ca one can join indian revenue department?

if yes,which exam should be given and which arethe posts likely to be offered?

Hi.. I came before with a case..please read..

Facts...
Mr.X is a father of NRI son..He gave his dad a certain sum, which was invested on urban lands in the name of Mr.X and Mrs. X. Later Mr.X & Mrs.X had sold out those lands as individual plots,by making land marks and some earth works done. A part of the amount received was again invested in vacant lands. (The whole process was done within 12 Months)

My Query is:

What will be the tax implication and what steps should be taken for Tax planning?

gjgh

Dear Sir,
We deal with fabrication and fixing of anodized aluminium doors, windows, structural claddings, aluminium composite panel cladding works, etc. to the commercial buildings which are suitable for software offices, commercial offices, etc.

Our scope of work includes aluminium extrusions, in house fabrication people and o ur own labour for fixing. We paying VAT @ 4% on the total value of the work. We are registered with Provident Fund and ESI Corp.

Our query is that DO WE GET INTO THE WORKS CONTRACT SERVICE? If we in the works contract service, can we pay 2% tax on the total value of the work otherthan 12%, please give us a suggestion.

Hi! Iam Ashwini, A student of PE-2. I would like to know about the coaching facilities available in Mumbai.
Expecting an answer.
Please do help me out.
Thank you.
Bye.

1.I have given advance towards expense for more than 20,000

2.I have made advance payment of more than 20,000

does above two cases are disallowed ? explain with provision if possible

Hi I hav jst joined this forum I want to know about the good ca firms in Delhi to persue my articleship

Plz help me solve these probs . I need lucid and clear concepts abt them and their procedures.

Case I
A consignee sold goods costing Rs 50k at a profit of Rs 10k . Out of total sales, 30% was credit sale. As per the agreement, the consignee will get 5% ordinary commission, 2% delcredere commission on credit sale, and 3% over-riding commsion on amount in excess in cost price. The amt. of commission is :
a) 3540 b) 3840 c) 4500 d) 3000

Case II
Sundry debtors of MS Santosh amounts to Rs 25000 and bad debts Rs 3000. Santosh provides for doubtful debt @ 2%, and for discount @1%. The amount of net debtors in B. sheet will be :
a) 21560 b) 22k c) 21780 d) 21344

Case III)
Light Ltd has 10000 P.shares of Rs 10 each to be redeemed after 5 years. The company forfeited 500 P.S on which final call Rs 2 had not be been paid, after due notice. Remaining shares were redeemed out of reserves of the comp. The amt. to be credited
To C.Redemp. Reserve is
a) 1lkha c) 95k c) 99k d)99.5k


Cud sb explain me the soln. to the following problems:
A)
Jadu LTD reissued 2000 shares, which were forfeited by debiting Share forfeiture account by Rs 3000. These shares were reissued at Rs 9 per share. The amt. transferred to Capital reserve a\c wud be a)3000 b) 2000 c)1000 d)none

The solution is “Profit on forfeiture = 3000 - Loss on reissue 1000 = Rs. 2000 transferred to Capital Reserve”.
How the loss on reissue became 1000( Rs 1 * no. of shares; no. of shares aint given)

B) Capital introduced by A on 01.04.05 was Rs 3 lakh. Further capital introduced during the year was Rs 50k in mid of year. Mr A withdrew Rs 2000 each month(on first day each). Interest on drawings is charged @ 5% pa. Profits during the year Rs 20000. Capital at the year end is a) 345350 b) 395000 c) 346000

Soln: 350000 – “24650” + 20000 = 345350
How 24650 and why it came? New capital= Old-drawings+Profit + Interest on Drawings (received) , isn’t it?

What is the procedure for filing the annual TDS return ?
Plz reply in details ?