we all know that the given section was amended in the finance act 2008. Earlier a single payment in cash to a party cannot exceed Rs. 20000 in a day otherwise the same will be dissallowed to the extent of 20%. the act got this sec. amended as - the aggregate of payments made to a single party in a day against any exp. in excess of Rs. 20000 will be dissallowd. Now the problem is- a client of ours argue that this provision is just for a single bill . it means that if he recieves 2 bills from a party both of Rs. 20000 n he makes the payment of both on the same day in cash then it will be allowed n hence the provisions of the section will not be attracted. How could this be if the amendment is so clear.......???? plzz help n confirm that the client is wrong or either i am wrong....

hello all,
iam doing articleship in chennai and iam doing ICWA & MBA as postal(correspondance) ...i joined that courses before joining CA Course.... can i do the above said two courses simulataneously along with CA is it possible .... the timings for the class will not affect my training period... please reply.... iam in confusion so please help...

Hi
I just wanna to ask that whether study material provided by BOARD OF STUDIES is sufficient for clearing C.P.T or I have to purchase some other side books (like Tata Mc-grew hills) for it?

waiting for reply.......................

PL ADVISE ME AS UNDER:-
DURING THE ORDINARY COURSE OF BUSINESS A DIRECTORS PERFORMS ALL HIS DUTIES AND RESPONSIBILITIES AND DURING THIS PROCESS SIGNS ALL THE REQUIRED PAPERS/DOCUMENTS ON BEHALF OF A PVT.LTD COMPANY.AND ONE DAY HE RESIGNS AS DIRECTOR.WILL HE BE HELD RESPONSIBLE FOR ALL SUCH ACTIONS DONE BY HIM DURING HIS TENNURE AS SUCH.IF SO, TILL HOW MUCH TIME AFTER HIS RESIGNATION.

i wish to sell my shares of a private limited company to an NRI. pl guide about relevant provisions of FEMA, RBI, company law.

thanks

im kushal devpura , i have passed pcc this nov with 308 marks, iwant to join my remaining articleship in mumbai can anyone recommend me where i can join. i have posted my cv with various firms but they r not replying? what should i do

What are the various provisions of Company Act & IT Act which are applicable in case a company takes loan from its Directors.

how can we calculate deffered tax liability
for company?

MY QUESTIN IS BELOW.Which way is the best out of following two way.


1) I Am taking loan of RS.50,000.and bank says me if you give the repayment the total amount (RS.50,000), in one time then we will give u Rs.2000 discount.

2) I am taking same loan of Rs.50,000. and bank says me repay the loan in monthly installment Rs.1000.

Now tell me what is the benefit available to Bank in Case-1. because it is provide me Rs.2000 discount on Rs.50000.

And tell me what is the benefit available to Bank in Case-2.

PLS TELL ME WHAT IS THE DIFFERENCE BETWEEN THE WORD "TAX AND DUTY".

BECAUSE IN BOTH THE CASES WE HAVE TO PAY THE TAX TO GOVERNMENT.