Hello to all
I just came here only let u all meet CA's in other parts of world. I m an articleship student & i m regularly to my articleship training. But the main problem faced by many articles today is that they dont get enough time to study & get passed in 1st attempt of any CA exam just b coz of this articleships training as u all may b familiar with the problems given by principle to agent like
1.No time management i.e as agent comes at time he principle should leave him at time .
2.Calling on sundys also even if no work is there or say just calling to do work as it is not compulsion as only 35 hrs in week given to work are sufficient.
3.The problems faced due to employess in office but principle never takes agent sides as agent is not trained well & employees have experience.
4.Due to this students go into work so much that they dont ecen remember what study they have done.
Now u can guess this problem is so serious & is the only main reason why people gets failed
Can we complain about the same to any forum, Act, Institute but not mentoaning the name of CA?
If yes & most if u have humanity & want INDIA to give more bright shining CA stars then do come forward.
Thank u all in advance to read this
Please your useful comments are needed

CAN AB & SONS (HUF) HAVING 'A' AS KARTA OF HUF RECEIVE A GIFT OF RS. 5.00 LAC FROM HIS BROTHER B. IS BROTHER OF KARTA COVERED UNDER THE DEFINATION OF RELATIVE. PLEASE CLARIFY. THANKS. SUNIL BUTANEY.

wat services falls under small service providers.. wat if m running a coaching institute with less than 9 lakhs turnover... will it fall under small service providers.... is it taxable or exempted...????

If anyone has any case-law regarding Remission or cessation of trading liability (Sec 41(1) of Income tax act), kindly forward or give its citation.

dear all
one of our client had filed the it return of a.y 07-08 before due date & a stc loss was carried forward to adjust with future income.
he did not file the a.y 08-09 return before due date.

can he set it off with current year income as he has filed last years return before the due date?

Husband & Wife are co-owners of the property purchased thru Home Loan. Both the persons are working and Home loan is taken jointly. Will the limit of Rs. 1,50,000 apply individualy to both of them ( i.e Total deduction will be Rs.3,00,000) or will the total deduction restricted to Rs. 1,50,000.

hey plz help me out. m rt nw gvng my +2 xams n want to go for CA . i reside in chd bt interested to go delhi. so plz suggest me should i giv CPT in chd n then go delhi. or should i gv CPT in delhi n pursue further edu there nly.

also tel me top coachng institutes fr CA n CPT both in dELHI N CHD.

IN SHORT PLZ GUIDE ME TO THE RITE PATH. I NEED GUIDANCE

Sir/ Madam,

We are register with Service Tax under GTA Service (Good Transport Agency ) As a Received and we pay Service @ 3.09% at TRansportation Bills. Sir, we received bills in two portion i.e. one is goods bill and another Transporton Bill, but Transporter give us one challan of Goods Bill and do not give us Transportion Challan and give us directly Bill. Will our liability be made in this regard because I hear that Consignment Note should be necessary for GTA (Goods Transport Agency ) Bill if Transporter did not give Consignment Note the Liability of Service Tax @ 3.09 (Now 2.575%)did not make.

Please guide me My E-Mail ID is sunil_kumar10520@yahoo.com

DEAR SIR,
IF I DEPOSIT RS 20,000 TO ANYOF MY RELATIVES BANK A/C, HOW MANY OF THIS AMOUNT IS TAXABLE..........?

SUPPOSE IF I DEPOSIT 15,000 & 10,000 ON SAME DAY BUT IN DIFFERENT TIME, IN THAT CASE ALSO THIS AMOUNT IS TAXABLE?? (AS TOTAL AMOUNT IS EXCEEDING RS 20,000 PER DAY)???????????????

PLEASE CLARIFY..................

THANKS IN ADVANCE.......

Friends,

One of my Assessee having 3 lands ownerships in percentages amongst brothers in Baroda Area. Where the Assessee decided to retain only 1 land and sale the 2 land ownership percentages/rights to other brothers and on sale my assessee receives the amount of sale consideration and against which 1 he retains he pay off to his brothers share as purchase consideration.

i.e. Land 1 (which my assessee retains) pay off his brothers Rs. 54.00 Lacs (purchase consideration)

Land 2 (which my assessee receives on his brothers on sale Rs. 30.00 Lacs (sales consideration)

Land 3 (which my assessee receives on his brothers on sale Rs. 40.00 Lacs (sales consideration)



Now query is that on calculation of indexation if capital gain arrives some amount, can I claim the CG against my new purchase, under section 54EC upto Rs. 50.00 Lacs as per REINVESTED in Land.

The whole transaction is done in Baroda Area within the Municipal Corporation Limit.

Please give URGENT Feed Back because 15th March, 2009 is nearest for Advance Tax if you resolve the query fast so I can make the payment in time

in Short can i claim gain against my purchase land?


Waiting your reply.

NILESH H GAJJAR