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HARSH KUMAR BHARDWAJ says : Termination of Articleship
My friend Is doing CA Articleship in Chandigarh and lives in PG on rent of Rs.7000 (including conveyance and food and all necessities) in Chandigarh but his actual residence is in Gobindgarh which at a distance of about 53 or 54 km from Chandigarh. His father has a shop of confectionery but now from the past few months the income of his father is converted to loss. He and his family are now suffering financial crises due to which he is now unable to pay his rent of PG. His is on stipend and his family is paying all his expenses. Now he wants to take termination and to do some job so that he can makes himself and his family financially stable. Is there any provision in ICAI for this situation so that he can overcome from this situation?

S.A.Dhanaraj says : TDS - short recovery.
Sir, During the 1st week of October 2013 we had received a bill for Rs.50,000.00 from M/s.AAA Hospital for reimbursement. TDS at 0.50% amounting to Rs.250.00 was deducted from the bill and the balance amount of Rs.49,750.00 was paid to be hospital on 23/10/2013. TDS amounting to Rs.250.00 was remitted to the IT Dept. on 06/11/2013. As per Sec.194J, TDS had to be deducted at 10% i.e., Rs.5,000.00 instead of 0.50%. There is a short recovery of Rs.4,750.00 in the TDS deducted and remitted. During February 2014 we will be recovering from the hosiptal the difference amount of Rs.4,750.00 and remitting the same to the IT Dept. on March 1st week. Sir, kindly guide me on calculation of interest on the short recovery and also the interest to be paid on the late remittance of Rs.4,750.00. I would be grateful if you could forward the TDS interest calculator. Thanking you in anticipation, Regards, Dhanaraj [ambrose_dhanaraj@yahoo.co.in]

Aruna says : Pre Emi clarification
hi Vaibhav, I have small query on Pre-EMI. I applied for housing loan on Dec'2013 and partial loan disbursement happened. From then I started paying complete EMI.On Sept'13 flat construction completed and my entire loan amount got disbursed. By Nov'13 I rented flat.Can i claim my entire pre-EMI this year??How to claim Pre-EMI interest amount??

santhosh kumar says : Query
I have a query in Companies Act could you please resolve my query

sarath kumar says : Sub contract
hi sir...plz help me by clarifying my doubt.. i.e; when a service provider engages another preson as a sub contractor..the service receiver pays the total amount to service provider... what is journal entry for this.?? there is no invoice raising.What is effect of sub contractor..