I know a person who is very much employed in a private firm as General Manager. He is also engaged in private practice and in his personal time, he does the attest functions , internal audit for outside companies etc.

How is that possible ? Please clarify.

Thank you Mr.Gul for your producing the Supreme Court decision regarding 40A(3). But my query was not covered in that judgment of Sundaram Industries v.CIT. My question is to produce me the judgment in which the cash payment made on different occasions for a single bill was disallowed even though those payments were made below Rs.20000/. Please help me.

I would like to know whether the last date of filing Income Tax return of Individuals in case of refunds has been extended to 31st March, 2009? Because I have heard that this has been announced recently. Is it true?

Please give more details regarding the following:

Difference between shares of Public & Private limited companies? and Listed & Unlisted companies? of the same. How to categorize them? How to transfer shares in either cases? Provide details with examples? Also provide websites, if any.

Hi Friends, my PCE attempt is due in Nov 2008. I joined articalship in middle of Dec 2006. I want to know that till which period I have to do articalship. 15 months or 18 months. Please reply if anyone knows.

I in f.y.b.com i want to know deference between b.com &a.com (hons).which one is better ?should i go for b.com(hons) throw distincd learning in delhi university

Can anyone send me the judgment CIT v. Sundaram Industries Ltd regarding 40 A(3) disallowance for cash payments for a single bill paid on different occasions ?

kindly send a audit checklist for imports

Hi Guys,

This is Mohammed Ghouse, I am in CA Finals. I need a clarification on the following:

Whether Restriction stated in S. 40A(3)of IT Act is applicable on bill/invoice wise or payment wise. Supposing an expenditure of Rs. 1 lacs (covered by single bill) is paid off as Rs. 20000 each on different occasion supported by diffrent cash voucher, whether still the above said section is attracted.

Good Luck & warm reg.

Ghouse

I Read an Artilce in website CAclub india that: The mandatory articleship for aspiring Chartered Accountants in India may soon become less tedious as students may be allowed to work in non-audit companies such as KPOs, asset management companies and hedge funds etc. to complete their articleship. CA students would have an opportunity to work with non audit companies and earn market remuneration during their articleship. Is this news true if yes when it will be applied to the current CA course.