Hi,

I got a message that the aggregate minimum passing percentage for PCC from May 2009 has been increased from 50 to 55 and for individual subject from 40 to 45 . is this true . ?

may i know wats the meaning of licentiate member of the institute of company secretaries of india.

does it mean a member who has cleared the final level(professional programme) of icsi but not have undergone training.

Is the internship Compulsory under CS?

do a student who have undergone articleship in CA get any exemption from internship in Company Secretary(CS Degree). And If yes then wholly or partially.

Please reply me at the earliest possible.

1) How do we close books ?
2) what do u mean by Accumilated Deprecion

X ltd having Computer Worth rs. 25000 in balance sheet during the year x ltd paid rs. 6900 for purchase of software, Rs. 2500 for the maintainance of website, Rs. 3690 purchase of ram, so shall X ltd have to capitalise Rs. 6900 if yes then what is the rate of depreciation in companies act and in cometax act.

HELLO,

WE ARE DOING TRADING BUSINESS WITHOUT TAKING ANY EXCISE REGISTRAION, FOR THAT WE ARE IMPORTING THE MATERIAL FROM FOREIGN COUNTRY AND SAILING IN LOCAL MARKET ON TAX INVOICE, WE HAVE TAKEN IEC NO FROM DGFT FOR IMPORTING THE MATERIAL, NOW MY QUERY IS THAT WHENEVER WE ARE IMPORTING THE MATERIAL THAT TIME WILL HAVE TO PAY CVD ON THAT MATERIAL WHICH IS APPLICABLE,HOWEVER THERE IS ANY RULE OR ANY SCHEME FOR SAVING THE CVD ON IMPORT MATERIAL SO WE CAN REDUCE OUR TRANSFER PRICE.

Dear Sir,

I am a housewife and interested in doing CA.i am 29 years.Is it possible to DO a CA at this age.I want to do Only CPT+PCC not final and some certificate course as ICAI recently launched like forex market and valuation.please let me know.

Thanking you
Asin

RESPECTED SIR, THIS IS PARAMJIT SINGH STUDENT OF CFA. SIR I HAVE QUERY REGARDING ACCOUNTING ENTRY. THE QUESTION IS AS UNDER:
A PERSON "ABC" HAVING HIS PROP. CONCERN NAMED AS "ABC & cO".
"ABC & CO" DOING SOME JOB WORK OR U CAN SAY PROVIDE SERVICES TO "XYZ LTD" AN INDIAN COMPANY FOR COSTING RS 100000/- on dated 30/09/08. and on 25/10/08 "abc & co" received the amount 89700 rs after TDS (amount rs 10300) deducted by "xyz ltd".
so what would be the entry in books of accounts of "abc & co" (the prop. concern.) in cash mathod of accounting and aso in merchantile method of accounting.

also at the end of financial year the how to treat the amount of 10300 (TDS deducted) which is shown as an asset (loan and advancs) for "abc & co". as per IT act the prop. concerns are not elligile for assesments for income tax where as propreitor is self elligible for this as it is his business income.
kindly ples tell me the valid accounting entries in both cash and merchantile system of accounting for account books for "abc & co". and also the adjustment entry for TDS.
kindly plese reply my querry

thanks
PARAMJIT SINGH.
U CAN MAIL ME AT PREAHALTRADES@GMAIL.COM

Will Service Tax have to be charged by us if we are providing services to a local authority- say a municipal corporation?

Recently i received a messadge that PCC May 2009 exam have been resceduled to be held in June 2009. is this true , if yes when will the official declaration be made

Dear Sir,
My query is related to Excise which is as follows:
I have a manufacturing plant at,say, Bangalore. It is registered as an Excisable plant. Customers to whom I sold the manufactured Goods,say Tool, and some other customer (Customer who purchased the Goods of some other Manufacturer)comes to me for sharpning of the Tools.
I took the goods for sharpning in my Excisable plant and do all necessary activities and return the goods to the customers.
Now my Questions:
1. Can I take the Customer's tools to my Excisable plant.
2. If yes, then what are the provisions of the Excise and service Tax act will be attracted.
3. If No, Then what is the way out.


Rajeev