What is The proper Meaning of Abridged Prospectus?.

I received advance of Rs.60000 from customer for purchase of materials. But latter on, the transaction was cancelled so now can I refund Rs.60000 in cash to him? Is there applicability of Sec. 40A of income tax?

Purchase of Mobile phone and Music System can be accounted as Fixed Assets?

Dear Sir,

I am under going articleship for last 6 month following are the drawbacks and merits that i see. Please Suggest whether i should opt for transfer or not

Demerits :
1. Limited Exposure to making a Balance sheet and Audit Exposure.

2. Seniors that has been here are not able to file return, work on tds matter or other company matter till now. they are only Involved in FORMATTING BALANCESHEET of the Previous year to current year,

3. If Ask for a Holiday.. Rest is History..

Merits :
1. doing the same work again and again.. Less chance of error :)

Please Advice whether to switch to other firm and Specifically....SPECIFICALLY..
What all I should have the knowledge of as soon as i complete the articleship.. PLEASE Elborate.. !!

My Attempt is Due on May 2015,

1. What Coaching are Necessary to be taken ?
2. What Subject we can do Self also ??

3. I heard about the New company Law, So shall i start with the Old Company book or wait for the new company law bill ?


Note:
I Cleared IPCC Both Group Without Coaching except for Account and tax

hi as individual layers what all expenses are allowed to claim for tax reduction?
are expenses like stationary , printing cost ,xerox cost allowed to be excluded from tax?
if yes what proofs do I need ? also if I have one helper boy and giving him sal will that be deducted from my income?

is individual lawyer with his own practise needs to pay service tax ? or receiver of service will have to pay the same ?

Transport service is given by government is taxable or not

plss explain in detail about GAAR.

can an LLP be converted into a private limited company ??..... to me it seams yes using anology of partnership firm conversion into company...... m i right ????