the new scheme requires training for a period of 3 years, wherein the final exams can be given after completion of the said period.

Training norms for the new scheme i.e. IPCC is for 3 years wherein the final exams can be given during last six months of the said training.

If a candidate converts to IPCC, then what will be the time for his Final exams,
(as per ICAI.ORG, the articleship needs to be completed as per the deed of articles signed between the student and the principal.

Dear Friends

Please give your view

If a specified person is paying service tax on freight inward after availing 75% abatement.Can it take cenvat credit of this service tax.

condition 1: if the above situation is before march 2008.

condition 2: if the above situation is after march 2008.

Is director of company can claim reimbursment of petrol exp

I would like to know as to the steps to be followed for a newly qualified CA to start practice.
I beleive one can take COP in his individual name or in the name of a propritorship firm. What is the difference between the two and the advantages or disadvatages between the two??? Also, if I want to set up a proprietorship firm, what are the requirements?

I have SSi where i manufacture marble slabs.this year turnover cross the limit of 1.5 crores,so liable to pay excise duty.Jobwork is also done in the marble unit i.e. marble blocks of others SSI's are converted into marble slabs.Whether I am liable to pay excise duty or liable tio pay service tax on this jobwork done in the unit?

If we purchase the car what the expenses should be capitalized what are to be treated as allowable expenses from Income Tax point of view?

1. Car Basic Cost
2. Taxes on Basic cost of Car
3. RTO Exp
4. Insurance
5. AMC
6. Road Tax
7. Registration charges
8. File charges for loan sanction
9. interest on car loan
10. Octroi & taxes
11. VIP Number Charges
12. Accessories

Mr.A Exported Goods to US at 1500$ as invoice value. He made Forward Contract for 1500$ @ Rs.40 Per Dollar. Mr.A Discout that Bill with bank. But the Bill Realised only for 1400$. In this case bank recover loss of 100$ short realisation from Mr.A in what Exchange rate ?

We are giving our employees Medical Reimbrsement up to Rs. 15000/-, which is exempt in the hands of our employees.
But we have to pay FBT on the same. If we pay Rs. 15001/-, then we dont have to pay FBT on the same & Re. 1/- will be taxable in the hands of employees as salary.
Am i right?

Sir I want to Know Whether Gift in cash given by son in law to mother in law and Brother in law will be taxable or not?

One NRI working in our company on salary. Our comapny is an Indian comapny. Are we liable to deduct tax from his salary? he is working on Permanent & full time basis.