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.

I am working in a Public Sector Undertaking. We are going to start new service ie scanning of documents to public as per there request by charging fees.
My doubt is in which service I have to include this particular service and have to pay Service Tax whether Information technology Service or Internet Cafe service or some one else

Please replay if any one came across this type of service

I have a Query about recording of Purchase Bills in below mentioned situation.

X and Y are two sister concerns and has trading business. Y has purchased some of the goods in behalf of X for which X has passed journal entries in its books of accounts as purchase and has paid the amount by cheque. However the purchase bills are in the name of Y.

So how to treat these transactions in the books of both the firms?

Dear friends,
please tell me what is the use of schema for every form given in www.aces.gov.in.

A IS SELLER FROM GUJARAT WHO SELLS GOODS TO BUYER B IN MAHARASHTRA FOR RS 10000/- PLUS CST @ 02% RS 200/-IN THE MONTH OF JUNE-13. SELLER A PAID CST TO GUJARAT GOVT FOR CST RS 200/- FOR JUNE-13

NOW AGAIN SELLER FROM GUJARAT SELLS GOOS FOR RS 50000/- @ 02% CST FOR RS 1000/- TO NEW BUYER-C IN MAHARASHTRA IN THE MONTH OF JULY-13. ASLO BUYER A FROM MAHARASHTRA WHO BOUGHT GOODS IN JUNE-13 RETURNED THE SOLD MATERIAL TO SELLER OF GUJARAT.

NOW WHAT WILL BE CST LIABILTY FOR JULY-13 FOR GUJARAT DEALER WHO SALES THE GOODS


WHAT IS THE EXCACT RULE OF SALES GOODS RETURN RULE UNDER CENTRAL SALES TAX FOR TAKING INPUT CREDIT OF CST FOR PAYMENT OF CENTRAL SALES TAX FOR GOODS RETURN UNDER CST ACT. CAN WE TAKE INPUT OF CST FOR PAYMENT OF CENTRAL SALESTAX

I am A Chartered Accountant. i am facing certain problems while registering my self at www.incometaxefiling.gov.in when i fill in my data and digital signature is successfully uploaded after pressing continue an error message appears " Invalid date of birth " although i have filed date of birth as per pan card then why is this message.