sir,
I m appearing for the CPT dec-2009. I want to secure One of the Top 10 ranks. Is the material provided by the Board enough? If not please tell me books to refer.

thank you

Since i am appearing for CA final IInd group in nov. 09 Can anyone suggest me which book should i refer for my CA final exams for Costing, Direct tax, & Indirect tax.

A private comapny has been incorporated on 19th February, 2008 and it proposes to hold its first AGM in July, 2009. Will the final accounts be prepared from 19.02.2008 till 31.03.2009 or from 19.02.2008 till 31.03.2008 and then from 01.04.2008 to 31.03.2009. Kindly guide me in this regard and what about audit of accounts in this case?

Hi,

one of my client has depostied TDS for companies and for non companies in one challan

excuse he is giving that at the time of deposit of TDS he was not having details of parties. thats why this mistake has occur.

he has done this whole year. also he has also filed his e-tds return.

he is doing this for last 2 years

Please tell me any remedy for this & consequenses / penalties etc. (if any )of this overlook by thim.

Pls note : he is also not wishing to revise his return.

Thanks & Regards

Praveen

An Indian company is manufacturing Ferro Alloys in India. It imports some of the raw material from outside India ( from different countries across the world). It is planning to enter into exports of Ferro Alloys in near future. To facilitate its exports and imports from outside India, it is desirous of opening its offices ( branches/subsidiary companies) outside India. The foreign entities so estblished will also be doing the work independently for other clients and would be generating income therefrom. We are to give -

1. Advice on the structuring options for the export of products overseas by the Company from the following perspectives –
Form of organization of the proposed foreign office best suited to the Company ( in terms of tax benefits ( both direct and indirect) and regulatory requirements)
Modus operandi of the transactions to be undertaken by the Company with its foreign offices/subsidiaries in terms of billings and payment
2. Advice from the Regulatory perspective on the mode and manner of making investments to establish offices/subsidiaries/warehouses in -

China,
Netherlands, and
c. Dubai

( There is an additional query with respect to investment in China. In China some tax benefits are allowed tothe companies where a Chinese National is a shareholder and who invests a minimum of 1,00,000 USD in the company. The Indian company is consideraing this option and wants to transfer funds to the Chinese national to make him invest in the Indian company...............how this can be done - can the Indian company lend the money to this Chinese National ? or some other mode is possible?)


3. Income Tax implications in India for the Income earned for the branch/Wholly owned subsidiary outside India in the following countries-
a. China
b. Netherlands
c. South Africa
d. Dubai

One of our clients business is to buy and sell land and properties, flats etc.

Accordingly properties of which possession has been acquired will be shown as stock in trade under current assets. but what abt those properties which are still in construction and possession has not yet been acquired ?
will it be shown as capital Wip under fixed asset ? but it is not fixed asset.
kindly help me

If we filed the TDS Quarterly return,after that we came to know the error on a particular party PAN was wrong,

1) How to resolve the problem / We will make the correction in a particular dedutee record (OR) correction to the all deductee record.

2) if we will corrected one deductee record which ack no to use the TDS Certificates.

3) if we the previous ack no used to all other deductees or not

Clarify me
Tks
Ramji

I have doubt in adding cell contents of a row in MS Excell

e.g I have
total
1 2 3 4 5 6 7 8 9 10 From to
Name * * * * * * * * * *

I want a formula so as to add cell contents as =SUM(from:end), WITHOUT giving direct cell reference, but want to give the reference as From: 1, To: 8
so that excell should make a total of data in the row from row"1" to row"8".

I want to have separate two cells where i could directly give these cell references

I have issued one icici bank cheque to citi bank credit card. icici bank dishonoured the cheque as the amount written in the figure (Numeric) was corrected but the amount written in the word form was correct one. I forgot to sign beside the correction. Otherwise It was an a/c payee cheque and there was sufficient fund in my a/c.
Bank charged Rs.55/- stating cqrque return charge due to alteration of figure. Can any bank dishnour an a/c payee cheque with such a little mistake? What is the RBI norms relating to this problem ?

A minority shareholder of a private limited company is resigning due to difference in opinions & views with the majority, so what is he entitled to receive from that company like value of his share, percentage in net worth, etc???