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 if a person has withdrawn about 120 lacs in cash in about 7 transactions from his saving account, which is new a/c about 3 months old.He also has same sort of deposits and there are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

Hi every one,
I was undergoing articles where in, i was encountered with the following problem

Facts of the case:
a)x & y - Both of them are hubsand and wife,
b)Mrs.x, owns a property
c)It was given on rent to his husband, Y
d)The house property is being used by both of them for self occupance purpose but not for any other purpose
e)y is paying monthly rental payments to Mrs.x

1)My question is whether it can be treated as source in the hands of Mrs.x
2)If the above, is correct whether it is chargeable under the head "House Property" in the hands of Mrs.x
3)What will be the situation if "Y" is in reciept of HRA & what if not?


Please help me out from this problem
I look out for our response much earlier as possible
With regards,
K.Vinod.


3)

1)what is the implication when advance is given for making furniture and TDS is not deducted, TDS is deducted when bill is booked.

2)what is the implication if TDS is not deducted when advance is given and bill is booked in susequent year along with TDS payment
what is disallowed in both the case