Please provide me with the information related to the procedure of revaluation of answer sheets of PEE-II. What is the Fees for Revaluation per copy and what is the time period within which i will get my revaluated result? If i go for revaluation then whether it will be possible for me to get the result of revaluation before the expiry of the last date of submission of examination form for PEE-II? it is really precious for me as May 2009 is going to be the last attempt for PEE-II Exams. So please guide me and please do reply to my question as early as possible I will be really Thankful to you.

Thanks

In a cash system of accounting expenses like purchases are written off at the time of incurrance. Now, certain stock of raw material is available as on the last day of the year. Whether such closing stock is to be booked and yearly profitability is to be derived thereafter or not?
In other words: whether closing stock is recognised in cash system of accounting or not?

respected sir,
my name is PREM.i m PCC (MAY09) student.

now days i m tense about my studies.i unable to prepare for both Groups In PCC Bcoz my sisters wedding will there & i also hv my S.Y.B.Com Exams...for t8 my 1.5 month will not use for PCC studies.
so, plz suggest me in which group i hv to giv stress Group 1 or Group 2.

Thank you.

Take a case:
A father(say Mr.x) had a building(200 sq feet) and later on he died.He had 5 children(all major married) including 2 married daughters and further one of his sons had also died leaving behind his spouce and two children(major unmarried boy and major married daughter).
Mr X. didn't have any will. uptill I know
there are 8 legal heirs and property is to be divided into 6 shares:-
1)Mrs.X for 1/6th share
2)Mrs x's 4 children for 1/6th share each
3)spouse and 2 children of expired son of Mrs.X for 1/6th share (to be divided among three equally i.e 1/18 share of each)
Am I right?
If not please let me know about the right procedure and also any reference of any act or provision if possible?
Thanks in advance!

hi.....sir...
i had complited in third attempt on nov-2007....those marks are below....
group-1:
accounting - 60marks
auditing - 40marks
business laws&corporate law- 57marks
total - 157marks
i passed group -1....

group-2:
costing & fm - 61marks
incometax&cst - 47marks
information technology - 39marks
total - 147marks
so i got exemption in cost& fm....

again i wrote exam in may-2008..those marks are below....
incometax&cst - 61marks
information technology - 29marks

so i didnot get exemption....

again i have writen exam in nov-2008..those marks are below....
incometax&cst -63marks
information technology -40marks

so finally i passed ca pe-2....in nov-2008 exam....
so could u please advice in which ca firm i am suitable to do articleship...is am i compitent to do in multinational company..like..deliete...pwc...kpmg...
and advice me in which ca firm is in vacancy in hyderabad to do articleship...

Circulars or Clarifications issued by the CBDT are binding only the Income Tax Authorities? or also the Assessees?

Please give example.

If, when rights to purchase the shares are issued to existing share holders,
what should be the treatment if,
rights are sold to any other person---whether to be treated as income directly and credited to profit&loss a/c (or) to be credited to the cost of investments already existing..........????

Hi..!
This is Anitha from Bangalore,I received a intimation from the institute stating my Principal membership has be ceased & therefore i cannot continue under him,
it also states that the 4 months of my articleship is invalid,what do i do?
Please help me and advice regarding the same at the earliest..

my client is a factory and has entered into agreement with some agencies to process goods and transport the finished goods to agency. the transportation charges for this both inward and outward are paid by factory but reimbursed by agency after completion. who is liable for service tax on gta whether factory or agency?
supportive legal provision is appreciated

Please help me solve the following questions given in the study materials. I feel the answers given are wrong.
1. A contracts with B to buy a necklace, believing it is made of pearls whereas in fact it is made of imitation pearls of no value. B knows that A is mistaken and takes no steps to correct the error. Now A wants to cancel the contract on the basis of fraud. Which of the following statement is correct?
a. A can cancel the contract alleging fraud.
b. A cannot cancel the contract.
c. A can cancel the contract alleging undue influence.
d. A can claim damages.

According to me the answer is (a) since B was aware that A was mistaken and he does not do anything to correct that error. Therefore this cannot be a case of unlateral mistake of fact but an active concealment of a material fact by B that amounts to fraud. Am I right? Or is the answer(b) as given in the study mat. Plzzz respond