company has 2 divisions.for 1 division MAT is getting attracted.
for other division regular tax is attracted.when consolidated it is attracting MAT.
In this case how to provide tax for individual divisions required for provisional balance sheet for bank loan

Hi frnds
Will the debit balance of the Director's account(not in the nature of loan) in a listed company's books amount to "Loan given to Director" ?
Also is there any disclosure requirement as per statutes?

Is it compulsory to file all 4 Quarter (24Q )returns for financial year 07-08 to issue form 16 to employees for the period 01.04.2007 to 31.03.2008.

sir w.e.f. 1/4/08 it is mendatory for company assessee and the assessee covered u/s 44ab to pay tax through e-payment mode, now my confusion is that, if by mmistake we had already paid the tax manually and not through e-payment mode than what will be the procedure to be followed by me in this situation. waiting for your early reply.
thanking you

Hi

I joined for my articles in Oct 2007. My attempt is in May 2010. I want to take up coaching in Kolkata. As there are only private tutions for each subject in kolkata, the timings for different subjects are getting clashed. So if i have to cover all the subjects, the coaching will continue for one year..say from Nov 2008 to Oct 2009..I will have only six months then to prepare during which i will join back for my articles...my doubt is Can I take leave for one year from my articles??? I am doing articles in a state where there are no coaching centres for CA Final.

Please reply...

hi
if a party contracted with other party for supply of raw material at FOB price. the other party raises the invoices at full value and not deducted the freight amount. the party booked the entire amount of invoice in its purchases instead of segregating the freight amount and purchase amount. but it also deducted tds on the freight amount but amount of freight not shown as expenses instead it is booked in purchase account. is this treatment is correct?













































































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Sir,

One of my friend doing CA under old scheme. He has wrote a exam in May'08. Now PE - II is extended for another two attempts. He has also completed CCT. My question is if he has passed in May'08 exam itself, what is the duration of articleship. Is it for 3 years or 3 1/2 years like new scheme. When he will write Final, is it after completion of 2 yrs articleship

If he has passed one group, does he join articleship ?

Thanks in advance.

Is it necessary to pay service tax on Management fees of Holding Co. which is in USA and fellow subsidiary which is in UK. and also on Technical fees of Fellow subsidiary.

They have raised the bill of Management fee and Technical fee and paid in Forex.

How the service tax treatment be given.

I am registered under a partner in a CA firm who has recently resigned from partnership.
He is continuing his own practice & till now i am working with the same firm in which he was partner.
So whether period which I served after his resignation will be counted for the articleship.
what is my status under these circumstances.
Should I take transfer under another CA or partner?
What will be effective date for determing my transfer under another CA?

Hi all,

A salaried individual having House Building Advance(HBA)wants to file IT retrun. Which return form he will choose? ITR1 or ITR2? Can any one tell me the basic difference between Return Form ITR1 and ITR2.

Please reply.