a proprietorship firm was under tax audit u/s 44AB (because his net profit was below 8% of turnover under costruction business {u/s 44AD}) in the previous year. whether it compulsory for him to deduct tds this year

Hi,
I am an entrepreneur looking to start my own company.

I would like to know the advantages and disadvantages of starting a sole proprietership, a partnership or a private limited company.

Has the Limited Liability partnership act been passed in India? What are teh advantages and disadvantages of this?

What is the income tax structure related to each of the above structures?

well i am doing ba from icfai university by distance learning.i want to know that after completing my ba am i eligible for ias examination

Respected Sir,

ABC Company get Excise Duty Exemption
The said Company purchased Raw Material
with Excise duty.

Can Company pass on benefit of Cenvat Excise Duty to it's customer ?

Your immediate reply will be highly appreciated

With best regards,


Vilas Choudhari

Can any body suggest me which reference books i should use for my cs(new course)?

I would like to know the recommended books for ICWA inter stage-1 & 2.

As per Provision of CARO Auditor has to comment on the end use of the money raised by public issue. During the year Company has not raised fund through public issue however Company raised fund through Qualified Institutional Placements. Whether fund raised through QIP would be covered under this clause

Case Study : Sarvodaya Structurals Ltd.




Sarvodaya Structural limited was engaged in the fabrication of heavy structural. The Company had six shops besides engineering, accounts, personnel, sales, and Administrative departments.

It employed 7000 men. The chief executive of the company was the General manage.

In one of the shops employing 1000men. 9000 tons of structural were fabricated every month. The day to day management of the shops was entrusted to the manager, who was assisted by the shop were preparation,. Marking and Finishing.

In the Marking and finishing sections the work was supervised by two foremen each The preparation section was under the direct supervision of the Senior Foremen who in addition planned and coordinated the work of all the three sections,. The preparation Section was responsible for the collection and classification of own and his satisfaction. You are anyway carrying out an in-process quality control, and you might be able to make good use of Govindan in view of his long technical experience of production work. Think it over and let me know by tomorrow.
Rao thought over the matter.

PMA company had been a successful enterprise until March 1972 at which time it suffered a sharp decline of profits : sale had fallen off and production cost had risen. The president adopted three measures which he hoped would improved the condition. First by creating an industrial Engineering department for establishing work standards on all production operations to determine which manufacturing costs were out of line and where remedial action should be taken. Rao,. 28byears old, who had been with the company for two years in the purchasing department was selected,. Rao had B.E. and MBA degrees to his credit. What he lacked in his business experience he made up by his eagerness to learn. He was ambitions and liked by his associated. He wanted a transfer from Purchasing to Productions for better opportunities for advancement
Secondly he consulted a Management consultation firm to make a study if the production Department. They pointed out that the chain of command was too long from production Manager through plant superintendent though /Assistant Superintendent to Foremen. The recommended the elimination of the position of Assistant superintendent.

Thirdly, he engaged an industrial Psychologist to appraise all the supervisory personnel.


Govindan had been with the Company for 20 years since its founding and during this period had worked on every production operation, and his last 11 years had been in supervisory capacity, His manners were rough and aggressive he had little formal education. The industrial Psychologist’s report about Govindan


contained the following points. :

1. Evaluation for the position of Assistant superintendent. : Not good enough.
2. Capacity for good human relations in supervision will have friction frequently.
3. N3eed for development counseling : counseling greatly needed.
4. General evaluation ; Govindan had a good ability profile. He suffers from a sense of inferiority. He does not like the responsibility of making decisions. His supervision is that of autocratic type. Though he has the ability, as far as his personality make up is concerned, he is out of place in the present position.



Questions. :

1. What is the problem in the case ? Explain.

2. Explain Govindan’s behavior and work experience visa-vis the psychologist report.

3. How do you see naik’s suggestion to Rao ? Give reasons.

4. What are Rao’s considerations is taking a decision ? What should he do ?
Explain.

Dear friends,

one company hiring the CRANES to other parties. is he liable to pay service tax? if yes then in which head?

a co op society is formed & there are 25 members they purchase a plot in the societies name & costrct a building
contractors are appointed for labour work & materials are purchase socities name wheter service tax is applicabe to co op socity the owners & beneficiries are the same persons & service tax is applicable to labour contractors or not
more than 12 residental house is liable for service tax