Dear friends,
Pls clarify the below.

I passed my Gr2 final in 1998.I attempted Gr1 in 1999 once and in 2001 once but didnot clear.I am planning to give the nov '09 exam.One of my friend told that if i don't clear Gr1 in Nov'09 which is the last attempt under old syllabus , the Gr2 that i cleared in 1998 is also not valid and that i have to appear for both the groups in new syllabus in the coming exams?.Is it true.
Do i need to revalidate my CA final regn becos its more than 10 yrs now?.What is the procedure for the same.
kindly reply to this query of mine.

thanks & regards,
sangeetha.

I am very confused as in from where to study Audit from? My friends told me about many study materials like J.K.Shah notes, other prof. notes. But i think for a rank and to score good marks in Audit MODULE is best but the language is very diffiult in module?

Pl help ASAP. We are contemplating to provide as part of managerial remuneration to Director, medical reimbursement of Rs.15000 p.a. and reimbursement of actual telephone bills (residential and mobile). Do they attract FBT? Also if we change the mobile connection to the company name (since it is being used for company purpose only) can we avoid FBT. Pl advise.

Hello every one. I am Trivikram. I hav completed my Graduation n Working under a CA.I am confused to choose MBA/ICWAI as my Career. Can Any one give more details regaurding this. plzzzz.....

WE HAVE INSTALLED LICENCED VERSION OF MICRO SOFT WINDOWS XP IN OUR COMPUTERS. MY QUERY IS HOW TO WRITE OFF THE EXPENDITURE INCURRED IN THIS INSTALLATION? DO THESE NEED TO BE AMORTISED ?

Dear Friends,
We are working in a company which has Group of Companies.
We have more than Ten Public & Pvt Limited Companies, Firms, and Proprietorship Concerns. In Companies some Directors are common, in firms the same persons are Partners & in Proprietorship concerns they are proprietor.

These all concerns have transactions in between themselves (Purchase / Sale / Loan).
Whenever we open any new concern it takes loan from Old concerns.

My question is whether we have to charge interest for the Loans they are exchanging in between?

It is compulsory?

Under which section of Income Tax act / Company Law?

At which rate we should charge interest?

IF HOUSE PROPERTY IS BOOKED IN JOINT NAME OF HUSBAND & WIFE, LOAN FOR H.P. IS TAKEN IN THE NAME OF HUSBAND AND HE IS MAKING PAYMENT OF LOAN OUT OF HIS TAXABLE INCOME. IN SUCH CASE CAN HUSBAND PAYING FOR LOAN TAKE DEDUCTION OF PRINCIPLE & INTEREST WITHOUT ADDING RENTAL INCOME. RENTAL INCOME CAN BE ADDED IN INCOME OF WIFE OR NOT?
PLEASE ADVICE WITHOUT CONSIDERING THE PROVISIONS OF CLUBING OF INCOME.

Is it compulsary for the statutory auditors of a public Co. to attend the audit committee meetings for all the items under any Act, regulations or guidelines ? Pls. give the references also.

If compulsary, what are the implications to the auditor and the Company if not attended?

IF HOUSE PROPERTY IS BOOKED IN JOINT NAME OF HUSBAND & WIFE, LOAN FOR H.P. IS TAKEN IN THE NAME OF HUSBAND AND HE IS MAKING PAYMENT OF LOAN OUT OF HIS TAXABLE INCOME. IN SUCH CASE CAN HUSBAND PAYING FOR LOAN TAKE DEDUCTION OF PRINCIPLE & INTEREST WITHOUT ADDING RENTAL INCOME. RENTAL INCOME CAN BE ADDED IN INCOME OF WIFE OR NOT?
PLEASE ADVICE WITHOUT CONSIDERING THE PROVISIONS OF CLUBING OF INCOME.

goodwill is dead or alive asset?