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Recent Questions

Question added Jan 04, 2014 Accounts By Aaradhna Chauhan , Delhi

answers

334 views

Q. partnership accounts - what will be the treatment of firm's income tax in partner's statement of affairs is the same is already debited in partner's capital A/c in Firm's B/S

Question added Jan 04, 2014 Income Tax By Pankhuri , CA , Ambala

answers

269 views

Q. capitalisation of inventory into R&D Asset -

Please answer the following query in light of all applicable provisions:

We are a manufacturer of light and heavy commercial vehicle. Two new prototype buses were manufactured in F.Y 2012-13 and were accounted for as an inventory in books of accounts for year ending March 31, 2013. However our R & D department wants to capitalize these buses for carrying out certain durability tests in the current year 2013-14.
1. What all implications would be there if we capitalize the bus as R&D asset which was earlier being shown as inventory in the previous year?

2. Raw Material for 3 such buses was bough and till date only one bus has been manufactured. Should the benefit of sec 35 (2AB) be claimed on such material lying in raw material inventory till date by booking it as an expense for R&D in the case where these 3 buses were required by R&D for carrying out certain tests, however it is not certain that R & D will use all of the 3 buses.

Question added Jan 04, 2014 Service Tax By devendra ,M.COM,

answers

354 views

Q. servicetax - we are a ltd company and take hotel & taxi service from a corporate hotel chain. how much servicetax amount they can charge on taxi bill. is there any liability of service tax of us.

Question added Jan 03, 2014 Custom By Pinki Vishwakarma , Ghaziabad

answers

518 views

Q. Articleship transfer - I have completed 2 yrs and 3 months of Articleship in Dec. 2013. But due to my father's transfer to jodhpur (earlier working in ghaziabad, U.P.) i want to take transfer on this ground.
Plz suggest

Question added Jan 03, 2014 Students By ankur ,CA- Final Dropout & M.Com , Central Delhi

answers

241 views

Q. query regarding gmcs - I have completed 1yr of articleship at 27-10-2013 i want to knw that their will be late fee or my final attempt will extend.my final atempt is may 2015..
please help me.........

Question added Jan 03, 2014 Income Tax By manas dash , Bhubaneswar

answers

211 views

Q. Advance Ruling - What is the procedure for advance ruling ?

Anwered By : shankygarg

Question added Jan 03, 2014 FEMA By vishal , CA , Aligarh

answers

574 views

Q. export - Hi Friends
Any body help me to give an answer

If a company in India purchase goods from chine and sells the goods to Russia Direct,
goods never come in India,What is the Export-import procedure & document req.?

Question added Jan 02, 2014 VAT By VIJAY KUMAR SINGHAL , Delhi

answers

710 views

Q. DVAT - In case of items of 1% tax rate i.e. bullion etc.what is the rate to be charged for central sales ag. C form & without C form ?

Anwered By : shankygarg

Question added Jan 02, 2014 Corporate Law By AMIT KUMAR SINHA , CS , West Delhi

answers

313 views

Q. corp law sec 297 - u/s 297 of comp act. two pvt ltd cos. agreement for sale supply. one paid up 1cr plus[ delhi] and other less than 1 cr.[kolkata]. one common director is there. which co shall obtain CGovt/RD approval, and from which RD

Anwered By : Akanksha Handa

Question added Jan 02, 2014 Income Tax By krishna ram phaiju , CA

answers

217 views

Q. eTds Return Correction step by step - Dear friend please help to revise etds return

Anwered By : Vikash Kumar Jha

Question added Jan 02, 2014 Corporate Law By Jainam Shah , CA , Ahmedabad

answers

330 views

Q. Conversion of firm and company into llp - My client is the partner in the partnership firm and also a director in a private limited company. Both the businesses are having the same business and object and are running very well. Now he wants to merge partnership firm and company in the new LLP (have to incorporate a new LLP). My questions are as follows:
1. What should I do from the following:
a. First incorporate a new LLP first with the main object clause to take over the business of firm and company or,
b. First converting firm into company and after that new LLP can be incorporated to take over a company.
2. As per section 565, for conversion of firm into company at least 7 partners are required but in my client’s firm there are only 2 partners. So how can I comply with the section 565?
3. Detailed procedure for the option suggested.

Question added Dec 31, 2013 Audit By Ashish Kotecha , CA , Mumbai

answers

4126 views

Q. NOC - Previous Auditor - One client has been appointed a our firm as Tax Auditor as well as MVAT Auditor. Client had issued appointment letter in this regard. Our firm had communicated with previous auditor and obtained NOC from him for both Tax Audit and MVAT Audit. But now the client has hand over MVAT audit to same pravious auditor from whom NOC has been taken for Tax Audit and MVAT Audit. That auditor has completed the MVAT audit without communication or without obtaing NOC from us. The query is : -

1. Whether it amounts to professional misconduct under our ethics that that auditor completed MVAT audit without communicating with us or obtaining NOC from us?

2. If yes, then what is procedure to be followed for filing complaint and taking disciplinary action against such member?

Question added Dec 31, 2013 Service Tax By Kamal Singh , New Delhi

answers

409 views

Q. Service Tax Return - Please advise remedy action for revised date of ST-3 return expires?

Anwered By : Vikash Kumar Jha

Question added Dec 30, 2013 Service Tax By HANSA KALWANI , CA , Bhilwara

answers

277 views

Q. service tax - If Service Tax applies on wholetime Directors Salary??

Anwered By : Vikash Kumar Jha

Question added Dec 30, 2013 Income Tax By jimit , CA , Ahmedabad

answers

148 views

Q. Audit - Difference in applicability of 44AA & 44AB to professional??

Question added Dec 30, 2013 VAT By Ankur Gupta , CA , Bhiwani

answers

330 views

Q. vat - wht is wct & its treatment???

Question added Dec 30, 2013 Income Tax By Tushar v. Shah , CA , Ahmedabad

answers

198 views

Q. By Mistake Wrong ITR filed - I had e filed itr 1 with all the values zero by mistake actually i have the professional income with tds refund and its belated return . so now how can i get the refund? AY 2013-14 & itr processed at cpc with no demand no refund.

Anwered By : Vikash Kumar Jha

Question added Dec 30, 2013 Income Tax By Ankur Gupta , CA , Bhiwani

answers

299 views

Q. income tax - Mr A taken a house loan on joint account of his & his wife, whther whole payment of interest is allowed as deduction or not ???

Anwered By : shankygarg

Question added Dec 29, 2013 Accounts By jimit , CA , Ahmedabad

answers

351 views

Q. AS - Is AS20 applicable to all companies or only listed ones??

Anwered By : Surendra Kumar Dash shankygarg Vikash Kumar Jha

Question added Dec 28, 2013 Service Tax By Manoj Kumar , CA , Ghaziabad

answers

249 views

Q. Service Tax - Whether Work of Pond is taxable before 01-07-2012 and after 01-07-2012, pls give notification no./circular if any

Question added Dec 28, 2013 VAT By paramjeet singh , CA , Delhi

answers

478 views

Q. post sale discount - whether the purchasing dealer is bound to reverse the ITC even though the selling dealer has not reversed / made any adjustment for the reduction in the output tax liability, If yes kindly provide any reference of any case study

Anwered By : shankygarg

Question added Dec 27, 2013 Income Tax By TIKAM CHAND PALIWAL , Bikaner

answers

442 views

Q. TDS Late payment - TDS deducted on 31st October and deposit on 10th December Rs.-1000/-. please tell me Interest on above is calculated for one month?

Anwered By : shankygarg SUBHASH KUMAR JHA SUBHASH KUMAR JHA Surendra Kumar Dash

Question added Dec 27, 2013 Income Tax By Dulichand Kushwaha ,CA Final, M.Com., B.Com. , Indore

answers

169 views

Q. Professional Tax - Would anyone tell me how to deduct professional tax from salary?

Anwered By : Vikash Kumar Jha

Question added Dec 27, 2013 Income Tax By CA. Krishnakant Agrawal , CA

answers

211 views

Q. HRA Deduction - as per new norms employees claiming HRA exemption, have to provide PAN of landlord if rent paid exceeds 1 Lakh, what will happen if Landlord denies to give PAN details, will employee be able to get deduction of rent upto 1 Lakh or whole HRA will be taxable?

Anwered By : Rishabh Upadhyay

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Rambabu Senkarasetti

Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 409

CA Satuti Mahajan

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 291

Vikash Kumar Jha

Accounts, Audit, Banking, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 270

Rishabh Upadhyay

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 257

Ashish Karundia

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 257

Mrattunjay

Accounts, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 220

PRIYANKA

Accounts, Audit, Corporate Law, Excise, Finance, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 136

CA. SURESH Kr. AGARWAL

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 131

Vaneet Gupta

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 120

Ketan Samdani

Accounts, Audit, Corporate Law, Excise, Finance, GST, Income Tax, Service Tax, Students, VAT

Answers Posted : 117

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