Hi friends,
i am not able to treat in accounts the membership fees received by the club. it has various slab rates, customers become member by subscribing the membership and pay the fees accordingly.so how should i treat it in accounts. for e.g the memebership cost is Rs. 300000 and the term is 3 years , now the member pays in three annual installment, and uses the services accordingly. now how i should book the expense and recognize the revenue in my books

Respected sir, I have cleared Both groups of IPCC in single attempt in Nov'2011 & Got My articles Registered on 27th April,2012.So, as per rules My final Attempt is in Nov-2014


But still i have'nt registered for my CA-Final.
some people say that, students who have passed both groups of IPCC in 1 attempt should register Final within 45 days from Joining of Articles.
in such a case, i have not complied with the above provision.

What is the last date to Register for CA-Final in this case?
Please help me :D

Respected sir,
I have cleared Both groups of IPCC in single attempt in Nov'2011 & Got My articles Registered on 27th April,2012.So, as per rules My final Attempt is in Nov-2014

But still i have not registered for my Final.
What is the last date to Register for CA-Final in this case?

Please help me :D

Sir,
I have passed my CA IPCC Group-1 exam held in May 2013. And i have also cleared my B.Com this june. After passing the group-1 stage i am planning to join the Article training in a decent firm here in Delhi. And i have applied to a lot many firms for the same . I have even visited a few but all in vein. I am not able to find one firm who has even called me for an interview. I am unable to understand as to what else do
I need to do. Where else do i apply and how to further proceed. I feel helpless and don't understand what should i do about it. I don't have any influential contacts through which i can atleast approach firms. Please help and guide me.

A kind advice would be greatly appreciated.

I need the list of amendments for nov 13 ipce group 2..as last I appeared was in nov 12

I had invested Rs 10000 in 1000 units of UTI CCP scholarship plan in Oct 2000.And as per the provision of the said scheme the redemption proceeds
is payable to the beneficiary after completion of 18 years of age in 4 instalments(1 instalment every year).
I want to know in the above case how it will be treated for the calculation of the long term capital gain tax and what will be the capital gain tax rate in the above case
i.e. whether it will be 20 %,10 %,or 0% and if it can be assumed that security transaction tax is paid by UTI in the above case.

I have my CA Final exam in May 2014.I have completed coaching for only SFM, and my accounts classes are going on. I have not taken coaching for any other subject. Will it be feasible for me to give both groups or should I attempt one group only?
Pls give me right guidance.
P.S I am a bit slow learner and require time. I want to complete all subjects perfectly with revisions as well

when will the law be effective.. will it come for may 14 exam.. so that we can prepare for it.

ABC Ltd. is a listed company having a paid-up share capital of Rs. 36 crore and general reserves of Rs. 24 crore. It desires to make a loan of Rs. 10 crore to XYZ Ltd. ABC Ltd. holds 60% of the equity shares in XYZ Ltd. ABC Ltd. has already made investment in and given loans to other companies aggregating to Rs. 30 crore. ABC Ltd. has not committed any default in respect of institutional loans or in repayment of fixed deposits. State whether the company is eligible to give loan of Rs. 10 crore to XYZ Ltd. Would your answer be different if XYZ Ltd. is ABC Ltd.'s wholly-owned subsidiary?

We found a contradiction of provision as provided in Sec13 (7) read with Sec 4(7)(a) and Rule 17(1) (g).

“Sec 13(7) states that where any VAT dealer pays tax under clause (a) of sub-section (7) of Section 4, the input tax credit shall be limited to 75% of the related input tax”

“Sec 4(7)(a) reads as under
“Notwithstanding anything contained in the Act;-
a) Every dealer executing works contracts shall pay tax on the value of goods at the time of incorporation of such goods in the works executed at the rates applicable to the goods under the Act:
Provided that where accounts are not maintained to determine the correct value of goods at the time of incorporation, such dealer shall pay tax at the rate of specified in schedule V on the total consideration received or receivable subject to such deductions as may be prescribed”


“Rule 17(1) (g) of AP VAT Rules state where the VAT dealer has not maintained the accounts to determine the correct value of the goods at the time of incorporation he shall pay tax at the rate of (14.5%) on the total consideration received or receivable subject to the deductions specified in the table below: In such cases the contractor VAT dealer shall not be eligible to claim input tax credit and shall not be eligible to issue tax invoices”

My query is whether the contractor not maintaining the books of accounts can utlise the 75% input tax credit or not as per the above provisions?

Kindly clarify me at the earliest.