Jyoti
29 January 2009 at 10:48

Please help me get out of my worries

I am from Delhi, I have done One year of my articleship from a CA firm in Delhi.I have taken termination from my firm in November and now I have registered with a new CA firm in Raipur.

1. Due to some reason I was not able send my Form 103, 102 to the ICAI office. As it has been more than a month since the form has been signed by my new CA principal of Raipur. What penalties would I have to pay for the delay?

2. This CA firm which is in Raipur, Chhattisgarh is registered from Kanpur whereas I am registered in Delhi as an article. Can I submit my form in Delhi ICAI office in Shahdra?

3. Is it possible that I remain registered from the CA firm in Raipur and do the secondment from Delhi?

Please reply all my above questions.
Thanking You


N.J.R

MVAT Audit is mandatory if T.O of sales or purchases exceeds Rs. 40 lacs.

While calculating T.O. Sales, whether Labour charges earned would form part of T.O. of Sales for determining audit applicability?

Sale of goods Rs. 30 lacs
Labour charges earned Rs. 15 lacs

purchases of goods Rs. 20 lacs

Whether MVAT Audit applicable?


LOKESH BINANI
29 January 2009 at 10:35

I Phone

Can i treat I - Phone as a computer device and put it in the block of computer to charge higher rate of depreciation on it...


kaushal patel

Individual person is receiving professional fees. on such amount TDS is deducted.

Can such individual person can take Car/bike loan from such income and can claim deduction in form of interest & claim deprecaition in books of account.

or
can take home loan and claim interest & depreciation deduction from books of accounts. It's urgent. plz reply.




Vijeesh Kumar.V
29 January 2009 at 09:35

Section 40A(3)

If Mr.ream purchase some raw material from Mr.Laxman for Rs19000(on 1.05.2008)and for Rs.19000(on 2.05.2008)and the payment(in cash) for both the bill was made on 3.05.2008.
Will these expenses will be disalloved?
Since these expenses are related to two different bills can we make cash payments to the similar person.


Divum
29 January 2009 at 00:34

loan processing charges

If company took credit facility for 6 months so processing charges for six month is supposed x amount than it treated like prepaid expenses or fully charged to p/l at one time only?


dhawal shah

Can we deduct depriciation after taking income in flat rate , in 44AD 8 % scheme...

Ref : as per the CBDT circular no : 29d (xix )-14 dated 31-08-1965

please guide me about this circular ,

whether flat rate of profit is applicable beyond the limit of 40 lacs..

when the contractor has not kept the books of account..

please guide me about this matter.....


chinmay bansal
28 January 2009 at 23:12

conversion of PCC to IPCC

hi everyone.......
please help me.I am doing PCC & completed six month training.My PCC attempt will due in May 2010. I want to know that is it good for me or not to convert PCC to IPCC if I submit conversion form before 31st Jan & when my final exam will due. Please solve my query as earlier as possible.


madhur gupta

hello friendzzzzzz
plz tell me what is the diff b/w oppurtinity of being heard and show cause notice?
plz explain with help of example if possible
thankxxxx


CA Sakshi
28 January 2009 at 21:19

TDS

If any firm has given fees to a company for developing a website for them THEN Is it a Service contract u/s 194 C or Professional fees u/s 194 J. Which TDS rate applicable. Can anyone tell me.





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