Hi guys..... Suggest me how can i prepare for Direct Tax & Indirect tax perfectly?
I have 3 months of time for ICWAI exams(Dec-2013) Iam so tense about all those provisions.
Iam really scare about "Tax"...Could you please Guide me? or give me some effective tips?

I would like to know if a resident Indian sets up a company abroad, assuming he is the only owner of the company, do FEMA laws apply to that company ? Is the foreign entity required to repatriate the profits to India under FEMA, or is it not required ?

i took m.com bcz i was interested in lectureship now few of them are saying go for company or banking field now i am in final year m.com i am confused about mine career plz help me out

what is TRPS what is the duration to do plz guide me

Can a excess deposit of tds in month of may can be adjusted against the september?

suppose proprietor/HUF carrying the business of Iron Shuttering. it is not required to have audit his accounts u/s 44 ab.
it is carrying its business by taking plot on rent of which he is paying rent 7500/= per month.
now query is whether such proprietor/HUF is liable to deduct TDS u/s 194I on rent or not.

Why there is a debtors bifurcation in Balance sheet as more than 6 months and less than 6 months ?

What does it indicates to companies members ? How does it affects company financially or companies credibility ?

please suggest if service provider is availing abatement then, provider can also avail reverse charge mechanism... ???

Respected Experts
Is there any provision to place the long term loans of next one year payment in current liabilities in the next Schedule VI ?

Please confirm, if any assessee has not obtained Sec 44AD for his business till 2011-12 and in 2012-13 his profit is below 8% of turnover and his turnover is less then 1 crore, is the assessee required to do tax audit?