Respected Sir,

I want to know that additional depreciation is allowable @35% (15%+20%) means 20% additional as per Speicial Provision From A.Y.2006-07 onwards this additional Befits also receivable in A.Y.2007-08 ? Since new mancinery not purchased in A.Y.2007-08.

at what rate will be charged on plant and machinery for A.Y.2007-08 ?

can anybody tell me that is remembering sections and case laws in ipcc imp? and can we describe the answer in own words ? reply ASAP

hello everyone,
When i open the site icai.nic.in i can just see window for viewing cpt results. No info about CA FINAL admit card can be seen.

Kindly help.

Thanks,
Anupa

Hi,

Someone may please reply, if possible:

Query 1

A private company (not a subsidiary of any company) had Board Meeting on 13.09.13 for adoption of accounts for it’s AGM on 30.09.13.


Is it mandatory to get Consent from Shareholders to the extent of 95% in view of the enactment of Companies Act, 2013. Kindly confirm and clarify – please.


Ans : ……………..


Thanks in advance for your replies.

Sir,
i am a central government employee since dec. 2009. now i want to resign from my organization and join a new central government org.
how can i get my P.F. money?

Hi,

Someone may please see the following and if possible, give reply:

Query 1

In the Depreciation Annexure, I have ‘Land’ with Depreciation rate ‘0%’.

How can I provide the details in the Tax Audit Form.

Ans : ………………..


Thanks in advance for your replies.

Hi,

Someone may please reply, if possible:

Query 1

Assessee has taken registration on June 2013. His turnover comes to around Rs.15 Lacs only from June to Sep. 2013.

What is the Interest Rate applicable for him, as he is yet to pay the Service Tax Payment? [As his taxable service value is less than Rs.60 Lacs in the current financial year, can I proceed with 15% only (by availing concession of 3%].

Ans : ……………..

Thanks in advance for your replies.

sir,I have receieved a SNC for non fililing Of IT Return For AY 2012--13.
Sir I want a reply against SNC for for not imposed Penelty u/s 271F.
So that I hav need a formate to reply SNC.
Sir Plz provide me a formate to reply that.
Thank You!

Sir, I am CA Karan K. Joshi. I have cleared my Chartered Accountancy in November, 2011. I have completed my Graduation that is B.Com through ICAI-IGNOU MoU Programme known as B.Com (Accounting & Finance).

I have received the Degree Certificate from IGNOU and the Membership Letter from ICAI.

My Brief Details are as under:

Name : CA. Karan Kirit Joshi

Membership No. : 146884

City : Jamnagar, Gujarat.

Educational Qualifications : Chartered Accountant, B.Com from IGNOU., LKG to 12th Commerce from St.Xaviers High School Jamnagar under GSHSEB, Gujarat.


Now, In order to excel my professional abilities, I endeavor to join LLB Course to become a lawyer.

As we all know, that an eligibility certificate is required to get admission in LLB programme, if the Graduation is not from the same University. Thus, In order to get admission in Saurashtra University, I applied for obtaining Eligibility Certificate. I submitted all the necessary documents and information to evidence my B.Com Qualification and Chartered Accountancy Qualification.

To my surprise and great regret, I was denied the Eligibility Certificate from the university. Even my application for obtaining eligibility certificate was not accepted by the university authorities. I inquired the reason for denial. I was informed that as per the Education Rules framed by The Bar Council of India, applicants who have obtained graduation from open university system are not eligible to get admission for LLB course. I was in a state of shock and disappointment by getting this information. After that I analysed the Education Rules Framed by the Bar Council of India. Below I am reproducing the text of Chapter II, Clause 5 of ‘Rules of Legal Education, 2008’ which deals with Eligibility for admission to Law Courses. :

“5. Eligibility for admission:

(a) Three Year Law Degree Course: An applicant who has graduated in any

discipline of knowledge from a University established by an Act of Parliament or

by a State legislature or an equivalent national institution recognized as a

Deemed to be University or foreign University recognized as equivalent to the

status of an Indian University by an authority competent to declare equivalence,

may apply for a three years’ degree program in law leading to conferment of

LL.B. degree on successful completion of the regular program conducted by a

University whose degree in law is recognized by the Bar Council of India for the

purpose of enrolment.

(b) Integrated Degree Program: An applicant who has successfully

completed Senior Secondary School course (‘+2’) or equivalent (such as 11+1, ‘A’

level in Senior School Leaving certificate course) from a recognized University of

India or outside or from a Senior Secondary Board or equivalent, constituted or

recognized by the Union or by a State Government or from any equivalent

institution from a foreign country recognized by the government of that country

for the purpose of issue of qualifying certificate on successful completion of the

course, may apply for and be admitted into the program of the Centres of Legal

Education to obtain the integrated degree in law with a degree in any other

subject as the first degree from the University whose such a degree in law is

recognized by the Bar Council of India for the purpose of enrolment.

Provided that applicants who have obtained + 2 Higher Secondary Pass

Certificate or First Degree Certificate after prosecuting studies in distance or

correspondence method shall also be considered as eligible for admission in the

Integrated Five Years course or three years’ LL.B. course, as the case may be.


Explanation: The applicants who have obtained 10 + 2 or graduation / post

graduation through open Universities system directly without having any basic

qualification for prosecuting such studies are not eligible for admission in the

law courses.”

Source : http://www.barcouncilofindia.org/wp-content/uploads/2010/05/BCIRulesPartIV.pdf


After reading it, I feel that there are some issues regarding interpretation of the Rules. The reason being that second last paragraph states that applicants who have obtained First Degree after prosecuting studies in distance or correspondence method shall be considered as eligible for admission in 5 year or 3 years’ LLB courses. Also, the last paragraph titled as ‘explanation’ states that applicants who have obtained graduation through open universities system directly without having any basic qualification for prosecuting such studies are not eligible for admission to law courses. Thus as per my opinion and interpretation of the rules there is some ambiguity regarding the interpretations made by university authorities. I hereby seek your guidance and clarification regarding this issue.

Thus, due to above issue, I am facing difficulties for my Further Education. Colleges have started the admission procedures and soon it will end. I am afraid that if the present issue is not addressed promptly, my 1(one) academic year shall be wasted which is highly undesirable from my part.

The Saurashtra University Authorities have informed me that my issue has been put up for redressal to bar council of India. But I have not been kept in loop nor I have been given any exact details regarding the status of my case.

I hereby request you to kindly guide me in the above matter regarding how to go ahead and contact Bar Council of India or Bar Council of Gujarat.

Expecting and requesting a prompt and satisfactory response.

Please feel free to contact on my mobile number 09427770212, in case of any need of information or clarification regarding the matter.

-Karan Joshi

I have taken a premises on Rent and Given on Sub-Lease. I want to know under Which head should I show the Income From Sub-Lease.
And what are the expenses allowed in Sub-Lease. Like in Income from Property deduction @ 30% is allowed.

Thanks