Hi Experts, Just came across this site while searching for resources on the CA-IPCC, and found it to be an exceptionally fascinating and helpful amalgamation of knowledge seekers and sharers.

I have a query, which would be beneficial not only to me but to the general IPCC student population on this site. Please suggest the best reference books for each subject in IPCC. I know this question has been asked plenty of times, but there is no one centralised point where we can get information on all the books. Please assist. Thanks

suppose that Mr. A provides a taxable service but the gross receipt is just Rs.8,00,000/-. He is also a partner in a firm also providing taxable service but the reciept of the firm is also less than Rs. 10,00,000/- say Rs. 9,50,000/-. Whether Mr. A would be liable to pay service tax or not

I am a broker between manufacturer & buyer for certain restricted item, wherein the transportation cost is to be borne by me but the Invoice is raised in the name of the Consignee. The transportation charges are payable in CASH only.

Niether the manufacturer, buyer or transporter is ready to enter into a written agreement of any sort.

The commission is paid by the manufacturer through a/c payee cheque.

How should i record transportation cost in my books?

channa.prashant@gmail.com.

I have heard that our Institute has entered into a tie with AICPA for CPA exams to be held in India and the students clearing CA Final exams will be eligible for exemption for 2 papers and will be able to give exam after 6 months after registration with AICPA.

I want to know whther what I have heard is true or only a rumour?

If this is not the exact information then can you be kind enough to please let me know the exact information related to this course and the tie, if any?

Thanx in advance.....

Hi Everyone.

Is there any excel file for maintaing Stock? Otherwise how to create?

Thank you for advance response

Regards,
Shashi H.S

kindly clarify if service tax or any other tax is applicable on sale of carbon credit?
regards
Rajkumar

Dear Expert please clarify my doubt,
Fact: The (Assessee) Proprietor firm has converted in to a private Ltd Company in the middle of the year that is in the May 2009.
FY: 2009-10 and AY-2010-11
Query: Following are the queries/ doubt I want to clarify:
• If the assesee paying the Rent to an Individual for his corporate office Rs. 20,000 p.m then what will be rate of TDS? Is it 20.06 % or 15.45%.
• And if the assessee has deducted the TDS at 15.45 % till July 09 then can he deduct the short deduction in the subsequent month.
• Since the assessee has converted to Pvt co then should the rent agreement be changed or an affidavit will be enough.

Kindly clarify my doubt on urgent basis.
Thanks in advance

I m pursueing CA cource so tell me please what is d benefit to do 2 professional cources (CA & CWA)at a time and can a professional having both d degree practice as 2 capacity?

Whether cash discount is deducted for making valuation under Central Excise Act, 1944.

what will happen if company deducts discount after charging excise duty in its Invoice?