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Dear Sir,
We deal with fabrication and fixing of anodized aluminium doors, windows, structural claddings, aluminium composite panel cladding works, etc. to the commercial buildings which are suitable for software offices, commercial offices, etc.

Our scope of work includes aluminium extrusions, in house fabrication people and o ur own labour for fixing. We paying VAT @ 4% on the total value of the work. We are registered with Provident Fund and ESI Corp.

Our query is that DO WE GET INTO THE WORKS CONTRACT SERVICE? If we in the works contract service, can we pay 2% tax on the total value of the work otherthan 12%, please give us a suggestion.

Hi! Iam Ashwini, A student of PE-2. I would like to know about the coaching facilities available in Mumbai.
Expecting an answer.
Please do help me out.
Thank you.
Bye.

1.I have given advance towards expense for more than 20,000

2.I have made advance payment of more than 20,000

does above two cases are disallowed ? explain with provision if possible

Hi I hav jst joined this forum I want to know about the good ca firms in Delhi to persue my articleship

Plz help me solve these probs . I need lucid and clear concepts abt them and their procedures.

Case I
A consignee sold goods costing Rs 50k at a profit of Rs 10k . Out of total sales, 30% was credit sale. As per the agreement, the consignee will get 5% ordinary commission, 2% delcredere commission on credit sale, and 3% over-riding commsion on amount in excess in cost price. The amt. of commission is :
a) 3540 b) 3840 c) 4500 d) 3000

Case II
Sundry debtors of MS Santosh amounts to Rs 25000 and bad debts Rs 3000. Santosh provides for doubtful debt @ 2%, and for discount @1%. The amount of net debtors in B. sheet will be :
a) 21560 b) 22k c) 21780 d) 21344

Case III)
Light Ltd has 10000 P.shares of Rs 10 each to be redeemed after 5 years. The company forfeited 500 P.S on which final call Rs 2 had not be been paid, after due notice. Remaining shares were redeemed out of reserves of the comp. The amt. to be credited
To C.Redemp. Reserve is
a) 1lkha c) 95k c) 99k d)99.5k


Cud sb explain me the soln. to the following problems:
A)
Jadu LTD reissued 2000 shares, which were forfeited by debiting Share forfeiture account by Rs 3000. These shares were reissued at Rs 9 per share. The amt. transferred to Capital reserve a\c wud be a)3000 b) 2000 c)1000 d)none

The solution is “Profit on forfeiture = 3000 - Loss on reissue 1000 = Rs. 2000 transferred to Capital Reserve”.
How the loss on reissue became 1000( Rs 1 * no. of shares; no. of shares aint given)

B) Capital introduced by A on 01.04.05 was Rs 3 lakh. Further capital introduced during the year was Rs 50k in mid of year. Mr A withdrew Rs 2000 each month(on first day each). Interest on drawings is charged @ 5% pa. Profits during the year Rs 20000. Capital at the year end is a) 345350 b) 395000 c) 346000

Soln: 350000 – “24650” + 20000 = 345350
How 24650 and why it came? New capital= Old-drawings+Profit + Interest on Drawings (received) , isn’t it?

What is the procedure for filing the annual TDS return ?
Plz reply in details ?

hello...

i want to ask that when i will be able to give my CA final attempt n what will be my articleship period?????

if i clear my pe-II exams in may 2008

n pls also tell me that what is the right time to do 100 hrs IT training so that i can do it without wasting my time...

do tell is thr any cut-off date procedure to get register 4 the It training or articleship...

thanx in advnace...

regards,
sonal

Dear Sir/ Madam,

I am facing a query for which i have not been able to get a clear answer.
My Query is that in case of contractors engaged in construction of residential/ commercial complex, who are providing only labour i.e where they have entered into a contractor with the builder for construction and the material is supplied by the builder,(for civil construction, flooring, electrical and finishing services) whether such contractors can get their registration changed form the head Construction of residential/commercial complex and get themselves registered under works contract to take the benefit of concessional rate of service tax. Also would it be advisable for them to do so?

I would be waiting for your response.
Thank you,
Yours truly,
Ruchi Jain.

I work in a 5 day (never know what hours) week job with saturday and sunday off. Kindly suggest me some easy to grasp, precisely written, exam oriented books for all the subjects for CA Final (May 2008). I like books that detail on concepts with continuity rather than in a question-answer format. Salary is a necessity, else I would have quit my job and joined an institute for help.
ps. Currently, I am illiterate and ignorant towards CA as my work or life is away from any CAs or eager CA students. I have no one to take guidance around. Can someone be my mentor?