Hi All,
My qualification is B.Tech (E.C.E). Now I am working as a software engineer. I want to do CA course. I came to know that direct entry scheme is there for people like us. I want to attend the IPCC exam in NOV'2013.
1. For this by what date i have to register for IPCC?
2. What is the procedure to register?
3. When & where to start articleship?
4. While registration to IPCC, is it mandatory to pay articles, ITT and orientation fee or later i can pay that?

I can contact u for more details if u can give me u r contact details. I stay in Hyderabd.
Please help me in this regard. I will be waiting for u r valuable responses.
Thanks in advance.
My contact no is 9553926573

if a private company borrow money more than its paid up capital and free reserves and after some time it become the wholly owned subsidiary of public company and then treated as the public company, then what is the consequecnce of money borrowed at the time when it was a private co.

kindly advice.

Hi,
I have taken my individual registration of PT in 2010 & paying my annual liability of Rs. 2500/-.
In 2011 i started my proprietorship firm of Construction Business and also taken Shop Act of the same.
However, the PT of employees was not deducted till now. Now i want to start the PT of employees also. What procedure should i follow?
Do i require separate regn. for the same?
Please guide.
Thank You in advance.

Hi,

We are importers of an IT Security Software which comes through Online mode via Email directly to End User.
Normally we resell this product in indian market.

My question is if the product License is directly being supplied to end user in an online form through email where we are not providing any service.
The support is directly provided by OEM.

Will this attract service Tax?

Hi,

We are importers of an IT Security Software which comes through Online mode via Email.
Normally we resell this product in indian market.

We have a case where we are importing the software from US and selling it to other Party in US which in turn will be selling again to an INDIAN end user.

a) My question is what kind of taxation it will attract.
b) Can we charge Sales TAX to the US Customer

RESPECTED EXERTS,
I AM ANKAN & MY IT TRAINING WILL START FROM 25TH FEB , AND ICAI HAVE GIVEN A NOTICE THAT ARTICLESHIP DETAILS SHOULD BE SUBMITTED WITHIN 30TH APRIL.CAN I START MY ARTICLESHIP
AFTER COMPLETING THE TRAINING BUT BEFORE RECEIVING THE IT CERTIFICATE WITHIN THE NOTIFIED DATE AND IS THE NEXT DATE FOR SUBMISSION OR ARTICLESHIP DETAILS TO ICAI.

GOOD MORNING SIR\MAM
CAN YOU TELL ME THAT CAN A SALARIED CLASS PERSON AVAIL THE BENEFIT OF RAJIV GANDHI SCEHME U/S 80CCG
THANKS

Dear sir/madam,

I Ashok Kumar, student of Pcc bearing Registraion number SRO0231347, converted from pcc to IPC on 21/1/2013. Acknowledgement no. for convertion from PCC to IPC is 4198. Now i want to give attempt for both groups in may 2013, while registering online for getting User ID and Password for exam form filling it is showing no records are matched with this registration number. I did not received any letter from the icai for confirming conversion form pcc to IPC other than acknowledgement. Is the registraion name is same for PCC and IPC? If not plz kindly provide the procedure to apply online for may 2013 IPC exams.

Thank you.

your's faithfully,
T.ASHOK KUMAR,
PCC REG.NOSRO0231347
Mobile:9963282950

For Financial Year 2009 -10, Assessment year 2010-11. Assessee Mrs.X filed Return on 14/04/2011. belatedly u/s 139 (4) of IT Act.1961. (Now We know this can not be revised). Showing Income from profession Rs.189500/- taxable and agriculture income Rs.500000/- Not Taxable Total Income Rs.189500/- No tax is/was payable on that. Cash balance shown Rs.495000/- (by mistake) Now We know this can not be revised. On 27/09/2011 a notice u/s 143(2) was issued asking for explanation regarding agriculture income and cash balance. I have attained A.O. on 18/10/2011 and discussed and filed oral explanation and AO has given me next date of 25/12/2011. on the same day I also filed an application for transfer the application from one city to another since assesses has got married and it was not practically possible to join the A.O. I have sent all the explanation required by A.O. during our first discussion through registered post. I discussed with assesse in this regards and she was like she has no agriculture income and cash and the same is done by mistake of her tax consultant. I instantly revised the return in spite of knowing fact the return was belated and can not be revised; I revised electronically. On 27/08/12 Assessee received another notice from new A.O. (AO of New city)u/s 142(1). asking all the information which i have already submitted to earlier AO through Registered post. I attained the same as per date given by A.O. and submitted all the details required by him and also shown/given in written the fact of mistake of Tax consultant about agriculture income and cash balance. As per Law the assessment of AY 2010-11, can be completed till 31.12.2012 (i.e. within 21 months from the AY in which the income first assessed.) The AO has served Assessment order u/s 143 (3) on 15/02/2013. As under Income from business Rs.189500/- undisclosed inc. Rs. 500000/- Tax + Interest= Rs.160000/- NOW I BELIEVE THIS THE A CASE OF TIME BARRING ASSESSMENT AND INVALID SINCE THE LAST DATE OF ASSESSMENT COMPLETION WILL BE 31/12/2012.(BEING 21 MONTHS FROM THE END OF AY 2010-11) KINDLY PROVIDE YOUR VIEW ON MY HOLD???????? This is the new and important case for me kindly help me ASAP... YOU MAY ALSO WRITE TO ME AT ca.k.pandey@gmail.com Regards CA. Kaoshlandra Pandey 9699641097

Read more at: https://www.caclubindia.com/experts/ask_query.asp

A business person states that he is investing 1 lakh each in 3 PPF accounts. The accounts are in his name, his spouse's name and in the name of 1 major son. Hence, he invests 3 lakhs total per annum! He invest from his account and is not claiming any Income Tax benefit (except from the one lakh that he invests in his own name). Hence, for the balance 2 lakhs that he invests in the name of his spouse and major son, he does not claim any income tax benefit. He is doing it to get a tax free retirement income for himself and to give a decent amount to his grand children. Is it permitted officially?

I am aware that 1 lakh is the maximum investment per year allowed in one's own account plus his minor child's account. But I was not aware that one could invest additional one lakh each in a major son's account and spouse's account. So, if this person had a spouse and 3 major children, he could invest upto 4 lakhs per year and he could amass a huge tax-free retirement corpus!!