If a doctor makes a mistake, the patient dies. If a lawyer makes a blunder his client may be hanged to death. If an engineer is incompetent the building or machinery may collapse, killing many people. But if an auditor/ chartered accountant does a mistake he merely makes a rectifying entry in the accounts or files a revised return :)

Then why this course has to be so tough and why should the CA be always updating his knowledge?

Under what head share application money pending allotment will come (unsecured loan or current liabilites)?

in a internal reconstruction . any debit site balance t/f to goodwill or any credit site site balance t/f to capital reserve account is it right or not give me logic debit site balance means profit or loss . in a reconstruction account if there are credit site is more than that of debit side than there is profit & t/f to capital reserve or goodwill

Dear All

Whether AS 15 (Revised) is applicable on trusts ( Not for profit Orgnizations)registered U/s 12 of the Income Tax Act ?

Regards

Sushil

a partnership firm is converted in to a company. in this case can a firm carry forward the losses to the company
and can a company set off the losses so carried forwarded of the firm .

Hi all,
I am in a fix over my articleship.I cleared my PE-II exams in may'07 and started my articleship on 8th oct 2007.however i had to take a transfer from my last firm to my current firm.So in the month of feb i wasnt registered anywhere.However from march i was on with another firm.Now does this mean that my attempt of ca final which is Nov 09 would get delayed.Kindly help me out of this.
Regards
Shonali Kumar

I have 100 equiety oriented units of MF amounting Rs.1000/- as on 01-04-07. The balance of units as on 31-03-2008 is 110 amounting Rs.15000/- as 10 units reinvested amounting Rs.100/- by way of dividend. Dividend Reinvestment on 01-09-07. I sold all the 110 units as on 01-05-08. what will be the tax effect? what will be the cost of purchase?

I have got allotment of a flat in a House Building Co-operative Society.I havn't got the possession as yet .Can I claim the amount paid as instalment to the society as deduction u/s 80C. What if the sum paid before allotment. Can anyone quote the facts of any decided case law in this respect?

If Foreign Professionl provides service to our Foreign Branch. Are v liable to pay Service tax and what if service provided in India?

Hi,
We need to send 1000 directories(one of 1200 pages)to Canada.

What is the procedure as Thomson Press is printing our directories.

Is we need IEC for such export?

What will be the export duty on this?

Please clarify.

Thanks

Ajit Singh

ajitfcs@gmail.com

9872024442