Can you please provide GMCS-I form of CIRC ..i had search for form on institute site but i could not find it...

If an Indian company is providing services to its Associated Enterprise(AE) in USA and the AE is using these services further to complete its contractual obligation to a client based in USA.

The AE adds 4% profit margin to what the Indian company charges from it and provides the service to client at such price.

Will the transfer price on the Indian company be such sale price of service inclusive of 4% profit margin set by AE or without it.

Ex:

Supply price by Indian Co. to AE =Rs. 100

Profit Margin 4% =Rs. 4

Value of service charged =Rs. 104
from client

Will the transfer price for the Indian company be Rs. 100 or Rs. 104?

Please reply. It's very urgent.

sir/ma'am i have just appeared for IPCE and i do not know how to proceed forword for articleship.. which firm should i join.. can you please guide me..

how to take transfer in case when there is no chartered accountant in the local firm and principle residing out of station only

hello i m a student of cwa final
i had my cwa final exams due on this june attempt and i appeared for only 3 group and want to pursue for group 4 in next attempt dec 2013
but i heard that 6 month practical training is required for it . oh god quite confuse
please help me what is a procedure, can i pursue this exams without any practical training,where should i get ppractical training im staying in mumbai please help me

My Assessee have some losses in 2006-07 and 2007-08. In 2008-09 also fileed ITR business loss but donot claim carry forward losses of 2006-07 and 2007-08.In 2009-10 assesse has earned Profit and adjusted carry forward losses but the Assessing Officer has not allowed the same because he said in order that you have not claimed in 2008-09.It is justified or not. pl explain with some case lawas.

Thanks
Anil

Ani

Dear All,

For last two A is cost auditor of the company, now we want to appoint B as cost auditor of the company for the Financial year 2013-14, should be given reason in form 23C. This change is required as service given by present cost auditor was below mark.

Thanks

As per recent amendment by the I.T. Department that Tax Auditor has to upload the Audited Balance Sheet & Profit & Loss Account in PDF format on the website of e-filing w.e.f.Asst.Year 2013-14 onwards along with Form 3CA/CB & 3CD with digital signature of CA.

Now query is whether such financial statements has to be uploaded with signature of Assess as well as Tax Auditor or not.

Moreover if any member has done such work then please briefly reply in this regard urgently.

Sir,
Please help me, I am not able to select
Further I want to what is ATC, ITT and orientation programme

Thank you

A company sends cars to dealers on "sale or return" basis.All such transactions are however treated like actual sales and are passed through the sales day book.Just before the end of the financial year,two cars which had costed Rs 55,000 each have been sent on "sale or return" basis and have been debited to customers at Rs 75,000 each.Cost of goods lying with the customers would be--
(a)Rs 1,10,000
(b)Rs 1,50,000
(c)Rs 75,000
(d)Rs 55,000