I am confuse wihile filing ROC return form
Point No.VII of INDEBTNESS OF THE COMPNAY (Secured Loan include Interest outstanding/accrued). Please advise me Our OCC (Credit limit) Bank account balance should be inculded in secured loan or excluded from the Secured loan. while the same were shown in balance sheet under the head unsecured loan.Becasue it is gainst Hyp. of Stock & book debts.

Same as we have taken adhoc limit from bank of 2 Crore should be include or excluded in secured loans.

Pls advise me.

Can practacising CA can do any other buisness with his practice as insurance adviser..or open a shop in his name ??? Or non practacising CA can do any buisness..if he is in employment in any company..

M/s. xyz is partnership firm is commission agent rendering service to overseas manufacturing company (omc) in india on behalf of OMC based on the agreement executed in between OMC and comssion agent. the firm is receiving commission in convertable foreign exchange. whether the firm is liable to service tax or not? or to this firm export service credit rules applies.


thank you
jagan reddy

hi


i am persuing cwa final and i have my exams in december'07 and i also working as an internal auditor in ICFAI. But while i am getting leasure in office i wish to prepare my exams but it is unable to prepare by manully so i wish to go online study. so i am requesting to suggest me any chances to prepare like that even practicals or theoritically.I will thankful to you if u do so.




thank you

What is the difference between a sub-account and a foreign institutional investor?

Please throw a light on both for clarity.

We have made the adhoc provison on meracantile basis for various expenses for the year ending march 07 .
No TDS was deducted on such provision being adhoc .
Actual bills will be booked in the current year and provisions will be reversed . we intent to disallow the expenditure in computing the taxable income for as no tds deducted on such a expenditure .
Pl advise best option available to overcome TDS penal provison and how to incorporate the same in Tax audit report .

I am NRI but I had salary + interest income from India. Deadline is over but I want to file returns in India.
1) Which form to use?
2) Where should I specify my over-seas income?
3) Under which section I should claim tax rebate on foriegn income?

4)Since I am considered NR in India, do I get standard deduction and rebate under section 80(C)?

After clearing CPT, we have to undergo articleship under a registered CA. previously ICAI themselves used to hold allotement programmes to allote students to different MITs. According to PCC FAQ document in the ICAI.org,

“44. How to find out an MIT / a Principal? Who are eligible to train articled assistants?
Vacancies for articled assistants are available with the Regional Offices and Branch Offices of the Institute.”

What does the above excerpts mean? In which section of ICAI’s website we have to contact or the procedure is quite different? Plz advise….

PS: What things should we look (suppose we get a list of vacancies) and priotise while selecting MITs?

What is the status of applicability of FBT on staff related expenses incurred during construction period . Company engaged in construction of Mall is capitalising entire expenses till the final completion of Mall.
In case FBT is leviable how the same is to be reflected in accounts. Whether to capitalise it or to be shown as pre operation expense .

A company which is doing Job work and producing finished product in the name of other manufactureres, has arranged for providing LABOUR in the factory with a Cooperative society formed by the very same labourors. As per the terma Society is billing to the Company for the Labour supplied based on the Minimum Wages as applicable (inclusive of add ons such as HRA, DA etc)PLUS 2.69% as SERVICE CHARGES thereon on monthly basis.
Till now Coop. was able to produce Exemption Certificate for TDS provions u/s 194, but from current year they are unable to do so.
The question which arise Now is on What amount TDS u/s 194 is applicable from the company side:
Is it applicable on the Total amount of Bill ie Minimum Wages Plus Service Charges? OR
Is it applicable only on the Service Charges on the plea that Minimum Wages which are being billed to the company is reimbursement of wages to the labourors.
Please Clarify. If possible reply may please be sent to following email as well
ghuliani@gmail.com
Thanks
Ghuliani