I would be very happy if anyone could clarify me in this regard. I have done 1 year articleship in a firm where i was totally abused. I was given no exposure and i was completely made to stuck with a single useless audit. The worse part was that I was made to do cheap personal work of my boss like delivering his daughters mark sheets to government dept, handing over files etc many times without even giving conveyance. I left the office 6 months back. I came to know just yesterday that using article services for purpose other than professional work is a misconduct. I just want to know if I can initiate any proceedings against him in the Council despite the fact that more than 6 months passed since my quitting the office.If yes what is the procedure ? I would be very happy if some one could help me give advice in this regard..

In Gujarat, this time VAT Audit is required for those whose turnover exceeds Rs.1 crore, in that situation, we came to know that when one concern passes thru two audit under a year then it requires 3CA reports instead of 3CB under Tax Audit. Is it right ? If not , then when and where 3CA is applicable ?

Sir,
I am doing Tax Audit for a realty development company. The company had made adhoc provisions on 31.03.2007 for various expenses to be incurred in subsequent months for the various running projects, but the client has not credited TDS account for the liabilites created.

The client is reversing the provision account on 1.04.2007 and then subsequently on the receipt of the bills for various expenses, is booking the expenses and TDS account. The client is taking the stand that for the expenses booked before 31.05.2007, it has booked TDS and paid the same before due date and has filed TDS return.and as the liability was provided before 31.03.2007 (which is aggregate of the creditor and TDS account,but the TDS account was not hit),
the client is liable to claim the expenses for tax purposes.
Should the expenses which are credited during the period 1.04.2007 to 31.05.2007 be allowed or disallowed for the computation of Tax.

Please guide me for the same


Regards

Ankur Jain

WHAT HAPPENED TO THE WRIT PETITION FILED BEFORE THE HON'BLE HIGH COURT OF MUMBAI ON SERVICE TAX ON RENT RECEIVED FROM COMERCIAL PROPERTY

i am proprietor me a small unit and also partner of another small manufacturing unit. the activities of both units are different but they are functioning from the same premises and separately availing exemption upto rs 150 lakhs. the excise authorities say that the clearances of both units need to be clubed. Whats your say?

Dear Sir
I am working as a finance/ Admin Officer in a Liaison office of a Hongkong Based Company.
My job profiles is as below.

1. Payroll is outsourced to our CA firm.
My job is to provide them data(Inputs & Investments etc) only in the end of each month to process salary,then transfer the salary to bank.
Prepare TDS/PF cheques and send them to CA firm.
2.To Keep HR Records.
3.To Update shipment record in a customised software.
4.To reconcile bank at the end of each month to generate report to our HKG office.

We Maintain accounts in Receipt & Payments Basis.

Please advise what else is there to learn in a Liaison office (LO),How can I make progress.


Regards

Puran Dangwal

My query relates to FBT.
If company incurrs any expenditure on Conveyance of customer will it be liable to FBT.

Wether TDS is applicable for the Subscription?

If it is applicable on what % basis & if it is limit amount is their

I have completed 1 and 1/2 years of my articleship and now want to pursue Industrial Training in the last year of my training.
can any body tell me is their any organisation or firms approved or suggested by ICAI to impart Industrial Training.
Can I join a Bank or a share broker firm to do my Industrial training.

Our Company has A valuable Govt Custmor say X ltd.

The terms & Conditions of purchase order is as under:

In case of delay in delivery beyond specified date then there will be a deduction towards LD (Liquidated damages charges) @ 1% of the basic order value only.

Now,part of ordered goods have been delivered in time. for rest of the goods which we have delivered after due date, the client is deducting LD on TOTAL BASIC ORDER VALUE BUT NOT ON BASIC ORDER VALUE OF UNDELIVERED PORTION.
On another second late delivery of same order, they are deducting LD ON TOTAL BASIC ORDER VALUE BUT NOT ON UNDELIVERED PORTION.

Ex. Total basic order value : 500000
60% delivered in time so no LD

rest 25% 1 week late of basic order value 125000: LD deducted on Rs 500000 whereas it should have been deducted on rs 125000

Rest 15% 2 week late of basic order value rs 75000. LD Deducted on rs 500000 whereas it should have been deducted on rs 75000.

That means for every late delivey ,client id deducting LD on TOTAL BASIC ORDER VALUE.

There is no result of Personel Meetings & disscussions. The client says that we have mentioned in our Order LD on TOTAL BASIC ORDER VALUE but according to my and my directors view it is implied that it is on undelivered portion only.

If iam Correct than what step i should take to recover the payment
Whether i should go for interpretation of deed.

Kindly Solve the problem