I m goin to give nov ipcc attmpt.. n few of my frnds r saying to go thruw wid practice manual.?? n sm of dem r saying der z no use..u will just waste ur tym stdying it.. plss sggst m ..shud I stdy prctice manual or nt..?

Our Company has received Manpower and Work Contract Services from another Company in February 2014. For Which Service provider Co. issued invoices and charge service tax @12.36% avoiding Reverse Charge Mechanism.Our Co. did'nt notice it at that time and paid service tax @12.36%. Now we have noticed it that this is contravention of Reverse Charge Mechanism.
Now please tell me any remedy by which we can correct it.

Please help me as this is very urgent.

Thanks in advance

My Name is Lakshmi narayana
I'm a Ca ipcc student and appeared may14 exams n for the first time in my Life time i'm failed.
In such a way, I'm Seeing for the reason for my failure ...,nearing 40 % different between from My result and expected result.
n My Preparation from this Books,
A/c-1 - Material From Nalanda-Vijayawada
Law - Munish Bandari
C&FM - Material From Nalanda-Vijayawada
TAX - Material From Nalanda-Vijayawada
A/c-2 - Material From Nalanda-Vijayawada
Audit - surabhi bansal
IT & SM - ICAI.
can any one suggest me some other preferred books
n how the ICAI books and Mock test papers n Suggested aswers Helpful to us Becaus of I didn't see these ...,
My marks are shown below
Accounting-033
Laws-026
C and FM-030
Taxation-044 - Total-133
Advanced Accounting-039
Auditing and Assurance-029
IT and SM-028
Total-096
Grand Total - 229
And also suggest me some books n how to prepare well for nav'14 exams.
thanks in advance,
all comments are considered.

Sir,
Assessee has purchased a house property in his name and has availed housing loan for the same.
Now, the assessee has shifted to abroad.

Queries:
1. Can the brother of the assessee claim deductions u/s 24(b) and 80C of the I.T. Act, 1961 if he repays the loan?
2. Is there any other alternative?

Thank you.

ABC Co a builder has taken land from Mr X in collaboration. ABC co. is building residential complex. ABC Co. will give two flat to Mr X in consideration of land and remaining flats are being sold by abc company to customers. what will be the accounting and taxation treatment for above transaction. Please suggest.

Thanks,
Abhinay Singh

Hiiii my doubt is regarding tds deducted @20% for non pan deductees.now he has pan and he want to claim that amount.what is the procedure

I am getting monthly Rent of Rs.15,000/-(Commercial Organization) and Total Rental Income PA is Rs.180,000/- on Total Income i,e Rs. 180,000/- 30% Standard Deductions is applicable Rs.180,000 - Rs.54,000 = Rs. 126,000/- is Net Income. My query is whether on my Gross Total Rental Income i.e Rs.180,000/- TDS is to be deducted by the Rent payer

Can anyone tell me that if we take note on appointment of KMPs in Board Meeting then we have to file MGT-14 only or MR-1 also.
its urgent pls

I am pursuing ICWA. Gave an attempt for june 14 inter group I exams (2012 syllabus). My marks are as follows

Paper 5 - 32 (Financial Accounting)
Paper 6 - 61 (Law)
Paper 7 - 27 (Direct Taxation)
Paper 8 - 24 (costing)

Will I get exemption for paper 6 i.e Law and if i give an attempt for Dec 2014 exams what will my pass criteria.

Can any one please clarify.



Thanks in advance

Pls advice applicability of second.87A of incometax for financial year 2014-15m whether it is applicable to all residents or to senior citizens? Bhavesh Parmar