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Recent Questions

Question added Dec 11, 2013 Audit By Manish Singhal , CA , East Delhi

answers

448 views

Q. If Partner Practicing own his Individual name may Impact Bank and CAG Empannelment - If Partner Practicing own his Individual name also please advise if it may impact the partnership firm for empannelment for CAG & Bank Audit.

Question added Dec 11, 2013 Income Tax By Devendra Ranka , CA

answers

305 views

Q. Accumalated Profit for Deemed Dividend u/s 2(22)(e) - Whether Balance of Reserve & Surplus (General Reserve & profit and loss a/c only)as on the last Balance Sheet Date will Consider as a Accumulated Profit for the purpose of Sec 2(22)(e).

Profit for the year upto the date of Loans & Advances OR for the whole Current Financial year will be consider as a Accumalated Profit for the purpose of Sec 2(22)(e)

Anwered By : shankygarg

Question added Dec 10, 2013 Service Tax By abhinav jain , CA

answers

322 views

Q. service tax - whether service of 1. security guard, 2.maintance service received by a society formed by a residential or commercial complex is chargble to service tax ,is there any exemption

Question added Dec 10, 2013 FEMA By Manish Singhal , CA , East Delhi

answers

793 views

Q. TDS Liability on payment to germany company for repair & Packing - what is the TDS liability i.e if Nil/10%/20% on paymet to german company not having PAN. ie Euro 480 for Repair and Euro 280 for packing Charges. If DTAA Apply

Question added Dec 10, 2013 Income Tax By p c bhansali , CA , Jaipur

answers

226 views

Q. capital gain on pvt ltd company - how capital gain would be calculated in case of conversion of pvt ltd company into LLP if comapny has fixed assets wdv rs 2450000/ market value of which is 2200000/ no immovable property
stock 1200000/ gp rate is 12% the company is not eligible for capital gain exemption

Question added Dec 09, 2013 Income Tax By vikash singh gusain , Delhi

answers

656 views

Q. income tax return can be rectified - if the notice u/s 142(1) is issued by the tax authority for the A.Y. 2011-12 then return can be rectified or not ( return is already belated) if yes what is the provision of income tax if you can give the ex of case study it's more good for me

Question added Dec 09, 2013 Accounts By CA Tushar Patil , CA

answers

291 views

Q. Chartered Accounants Act 1949 - Will the FRN of the proprietary firm change if it is converted into partnership firm?

Question added Dec 09, 2013 Service Tax By srishendu kumar , New Delhi

answers

332 views

Q. Service Tax - we have not filled any service tax return from date of registration. We want to surrender my sevice tax number.
Can We do it. If yes then what are the process?

Anwered By : shankygarg

Question added Dec 07, 2013 Service Tax By Ritin Kharbanda , CA , Ludhiana

answers

443 views

Q. TDS on subscription of Weather Reports - Is TDS applicable on payment made for subscription of Weather Reports.

Question added Dec 06, 2013 Accounts By sudhanshu sheakhar jha , CA , Simla

answers

343 views

Q. vat - I have filed the vat return for quarter 2nd for f/y 13-14 and thereafter i have received a bill of rs 105000 including 5000 vat for august 13 ,now my query is shall i book this bill in aug or after sep 13.what will be impact on vat return.

Anwered By : shankygarg

Question added Dec 06, 2013 Corporate Law By CA Tushar Patil , CA

answers

231 views

Q. Chartered Accounants Act 1949 - Can ACA holding COP be in full time employment (salaried) in any other CA firm?

Anwered By : shankygarg

Question added Dec 05, 2013 Service Tax By Naveen Gupta , Faridabad

answers

296 views

Q. Service Tax VCES - Pls tell me if anybody want to declare service tax under VCES scheme, it is only upto 31.12.12, what will happen for 1.1.13-31.12.13 if he apply for service tax number in December

Question added Dec 05, 2013 Students By CA Tushar Patil , CA

answers

311 views

Q. Partnership Act 1925 - Whether change in profit sharing ratio of partners amounts to reconstitution of partnership Firm? How to incorporate change in sharing ratio in partnership deed? with supplementary deed or any other way?

Anwered By : shankygarg

Question added Dec 04, 2013 Audit By J.P. ACHARYA

answers

347 views

Q. AUDITING - I WANT TO GET CA FINAL AUDITING NOTES IN HINDI ....CAN ANYONE HELP ME?

Question added Dec 03, 2013 Income Tax By CA ANIL KUMAR , CA , HISAR

answers

177 views

Q. Subsidy - Is subsidy received on Diesel, kerosene and LPG taxable? What will be treatment in case of cash or non cash receipt of subsidy on these products?

Question added Dec 03, 2013 VAT By brijesh , South Delhi

answers

485 views

Q. Cancellation of DVAT registeration certficate. - I am the registered dealer under the D-VAT and now turnover of my business is not high so i want to surrender the registeration certificate kindly tell me the procedure and documents require to submit along with application ?

Anwered By : shankygarg

Question added Dec 02, 2013 Students By paragsawarkar@rediffmail.com , CA , Nagpur

answers

263 views

Q. Please Resolve - Hi,
I have completed my company secretary. I now took admission to CMA-Intermediate. I am eligible for exemption of 3 papers out of 8 papers of CMA-Inter. I am also eligible for SIMPLIFIED COACHING SCHEME. Can you please give me what is simplified coaching scheme? Which papers I have to write for postal coaching purpose? Do I have to write papers for exempted papers also?

Anwered By : shankygarg

Question added Dec 02, 2013 Income Tax By Devendra Ranka , CA

answers

588 views

Q. Deemed Dividend u/s 2(22)(e) - As per Sec. 2(22)(e):- Any PAYMENT Made BY Company to its Directors or Shareholders as a Loans & Advances will be Classified as Deemed Dividend u/s 2(22)(e).
My Question is If Company RECEIVED any Loans & Advances FROM any Company in Which Directors or Shareholders have Subsential Interest will Classify as Deemed Dividend.

Kindly Provide your valuable Reply with Support of Section and Case laws (if any)

Anwered By : SUBHASH KUMAR JHA SUBHASH KUMAR JHA

Question added Nov 30, 2013 Corporate Law By Shweta , CA , Indore

answers

205 views

Q. Partner's remuneration increase - We have increased partner's remuneration in our CA firm.for this supplimentry deed will be required.

Anwered By : shankygarg

Question added Nov 29, 2013 Accounts By CA. KUMAR GAURAV , CA , Agra

answers

324 views

Q. FINALISATION OF BS - SIR WE ARE HAVING HEAD OFFICE AT FIROZABAD AND BRACH OFFICE AT AGRA MY QUESTION IS THAT HOW TO FINAL THE BS OF FIRM MEANS AGRA BRANCH AND HEAD OFFICE ARE PREPARING SEPRATE BOOKS OF ACCOUNTS AND SEPRATE BS AND IN OUR PARTNERSHIP DEEP PROFIT OF HEADOFFICE SHALL BE BORNE 100 BY ONE PARTNER AND THE PROFIT OF BRANCH OFFICE SHALL BE BORNE BY THREE PARTNERS IN AGREED RATION MY QUERY IS HOW THE REMUNERATION SHALL BE WORK OUT AS PER 40 B OF INCOME TAX ACT
MEANS SHALL WE WORK OUT THE REMUNERATION OF BRANCH AND HEAD OFFICE SEPRETALY AND LATTER ON MERGE THE FINAL BS AND TO WORK OUT THE PROFIT SHARE YA PHIR FIRSTLY COMBINED THE TOTAL BS THEN CALCULATE THE REMUNERATION AND PROFIT

Anwered By : shankygarg

Question added Nov 29, 2013 Income Tax By NAVIN JAIN , CA , Delhi

answers

217 views

Q. Form 15CA and CB - hether form no. 15CA and 15CB are required if payment made to non residence is exempt from withholding tax under DTAA?

As per new provision, Form 15CA and 15 CB is mandatory if Any payment including any interest or salary or any other sum chargeable to tax, to non-resident, not being a company, or to a foreign company.

Question added Nov 29, 2013 Service Tax By CA. Anil Setia , CA , New Delhi

answers

325 views

Q. Service tax - There is a religious trust which gets residential units (around 100 units) / kitchens / dining halls / toilets etc. constructed for the stay of its disciples / followers on the land owned by the trust, by hiring local contractors/builders. The contractors / builders are hired for the sole purpose of constructing the structures and are paid through cheques/cash. No land/building/structures are transferred to such contractors/builders. The residential units / kitchens / dining halls / toilets etc. so constructed are not intended to be sold or transferred to anyone & would remain the absolute property of the trust.

Would the trust be liable to pay service tax on the construction of the abovementioned structures? If yes, pls. state the relevant rule / clause which brings the above construction under the preview of service tax. If no, pls. state the reason.

Thanks in advance.

Question added Nov 28, 2013 Audit By CA Tushar Patil , CA

answers

343 views

Q. Maharashtra State Co-operative empanelment - I have heard that Co-operative Seminar Course conducted by WIRC ICAI is now no more required for getting name empaneled on Maharashtra Co-operative Auditors Panel... Is it true? If yes, tell me circular no...

Question added Nov 28, 2013 Service Tax By Pankaj Bansal , CA , Ludhiana

answers

316 views

Q. Service tax on Factory canteen run by Individual Contractors - Wether the factory canteen , which is not air conditions is exempt from the service tax .

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