What is the importance of getting rank in CA final. If we do not have any rank then we have no career or we are not able to job under big or MNC like infosys, reliance, tata etc... Please suggest what qualification are required to get job in such companies I.e. only rank or other else...?

so far , i've understood that depb scheme is withdrawn and to compensate- duty drawback scheme is availed.
after 1 month , i'm planning to export my first shipment.
before that , do i need to get enrolled to any govt institution for duty drawback facility, or afterwards which govt institution do i need to submit my papers,how and when will i get benefited with duty drawback scheme

The assesee is engaged in the trading of Cement and is audited very year. He also derives income by hiring of 3 trucks, which he shows u/s 44AE while filing his Income Tax Return.
He sold on truck in Sep.2012 for Rs.9,75,000 (Purchased in July 2008 at Rs.12,00,000).
What would be the tax treatment of sale of the mentioned truck?
Whether LTCG/LTCL would be computed after adjusting Depreciation?

Whether Depreciation will be disallowed if cash payment more than 20000/- for purcahse of capital assests? if yes then disallowed for the same year or will continue ?

Sir, One of my client wants to register for the excise number under the act. Is it necessary to have a godown for the same. Do excise department states that without the godown excise number cannot be issued

My client is going to buy a new building & a contractor is asking for Vat & service tax on Total flat amount. Is it according to law & can we deduct Tds as my client is buying a Flat ( Building) with a Contractor.

Dear Experts Excise Duty is imposed on manufacturing goods at the time of goods made or after it has been sold & amount received.

Dear Sir
I have a trust reg U/s 12a(a). I want to know to file its return for a.y.2013-14 in phy mode or electronic mode. That trust have a audit u/s 12A(b).

Dear Sir,


Kindly reply for the below query:-


I have to prepare balance sheet of a partner ship firm. There was no sale ( no business) during the year 2012-13. It has fixed assets. I understand depreciation will not be allowed by tax authority. Is it correct? If yes will I have to book depreciation ( based on IT rate as it is non corporate assessee) in balance sheet and to disallowed in computation of income.

Interest can be paid maximum 12% simple interest p.a..

But is it allowed to calculate interest on closing balance of partner's capital a/c which remains at the end of EACH DAY (in practice it is called as "cut-miti basis".)

i.e. Shall we calculate at flat rate of 12% p.a. simple interest on closing balance on 31st march OR on "cut-miti" basis (daily basis)??