Dear Sir,

I am a CA Final student and in the last year of articleship .I have a doubt about requirement of CAR2004(amended) in relation to a Private Limited Company.My question as follows.M/s ABC Limited is a Private limited company having a paid up capital of Rs.50 lakhs.Company is a loss making since its incorporation.Last financial year company was received a grant of Rs.5 lakhs as promoters contribution and same is shown as Capital reserve under the head of Reserves(AS-12) and Surplus in Libility side of the balance sheet,on that year company's paid capital was Rs.5lakhs (50000equity shares of Rs.10 each).On January 2008 Company has increased its share capital to Rs.50 lakhs by issuing 450000 equity shares of Rs.10 each.My question is that since the company is having a reserves + equity share capital more than Rs.50 lakhs,have they required to comply with the CARO,2004 reporting requiremnents.

Hello Friends pls let me know whether one can apply for Registration for Service Tax even if its taxable turnover is not cross limit of Rs. 9 lakhs. And once it is apply then it is necessary to collect service tax from his client from date of registration...

My query is regarding suspicious transactions that a bank has to report on weekly basis. if a person has withdrawn about 120 lacs in cash in about 7 transactions from his saving account, which is new a/c about 3 months old.He also has same sort of deposits and there are similar trasactions other than in cash. Should this type of a/c be reported in the STR.

Dear Sir(s),

I want to know that, whether it is mandatory for an organisation to cover ESI if the organisation has a suitable & best mediclaim insurance policy /group accident policy for it's employees. All the employees are regulary taking benefits from mediclaim / group accident scheme.

Secondly, not a single employee from the date of ESI coverage either has gone to ESI dispensary or, take any ESI benefit.

The company is regularly / timely depositing the ESI dues/returns etc.

Kindly let me intimate if there is any rullings/ provisions to avoid ESI permanently.

dear sir,
we are dealing with event management service provider. i want to charged service tax on services provided to foreign customer.

i want to know the service tax rate for that is it there is new service tax rate for that

Plz. anybody answer the following:-
What is the formula for Calculation of Compound Interest in Recurring Deposits?

Sir,

Our landlord had adjusted service tax arrears and interest for the building maintenance which was adjusted rental deposit which was returned back to us, my question should we recover the tds for the service tax paid out of rental deposit pls let me know.

Sir,

Mr.A having Own Property in his name and he is living in Mrs.A property and he pay rent to spouse and parents are living in his property. both the property in chennai. My query is Assume Mr.A employee, is he claiming of HRA and same time he is eligible interest and principal of bank loan in his property? please clarify?

If an individual has filling its sales tax return quarterly instead of halfyearly. But now he comes to know .
What are the remedies available to him for this guilty without any inconvenience.?

I have Cleared my PE 2 and i am currently pursuing my articles in a big four in Audit. I have also done my Graduation from SRCC, Delhi in BCom.Hons.

I am not liking audit too much and i was contemplating of moving to tax (Direct taxes/M & A),of which i have an offer at hand in a big 4 again!
From the feedback i have got tax is understood to be very limiting and it is difficult to move out of tax into an alternative career.But i am not keenly interested in tax either and i am not sure whether i would like to pursue tax further after getting my charter.
What are the possible career opportunities after doing tax, are there any possible openings in industry (say FMCG) after doing articles in tax. what is the scope of international secondments? scope of an MBA after TAX articles and which is better tax vs audit in the light of internatinal secondments/MBA/Future openings in the industry!

Any feedback will be greatly appreciated!
Thank You