Hello All,

I have a client (A) who is a real estate commission agent. He has certain accumulated commission amount with a builder (X) against the business logged in by him with the builder.

Now as per certain arrangements between the A and X, it has been agreed that X shall allot three units in a project of builder in full and final satisfaction of outstanding commission payable to A.

In doing so A has raised his bill of say 100/- + service tax @ 12.36% totalling 112.36 on the builder.

X has alloted 3 units at agreed price of 33/- each. These units have market value of 50/- each.

Now A has sold all these units in market @ 50/- each.

My queries are:

What shall be the Service Tax amount A need to charge from the buyer of his units;
What all are the taxes he need to pay in these transactions;
Is VAT applicable in them;
What accounting entries should be done in the books.
All experts are requested to help with some resolutions wrt legal aspects involved in it.

Best Regards

Manish

Dear Sir,
An Auditor signed a audit report of private limited company on 30/10/2014 and submit the reports along with audited financial statement on above mentioned date.
But, the director who is a signatory to financial statement (also a shareholder) intentionally change the date of audit report and audited financial statement as 30/09/2014 (back dated)with out the knowledge of Auditor.

Now, the auditor came to know the fact and he now wishes to withdraw from his engagement (resign) and wants to get back the all signed reports and statements.

Query:
1. Can the auditor do so like above?
2. What is the remedy for auditor?

Can a member of ICAI holding Certificate of Practice as an individual in his trade name opt to become a partner in a CA Firm. Does this in anyways tantamount to any clauses laid out in Professional Ethics?

Please justify your answer based on the provisions laid out in the Chartered Accountants Act, 1949 or the regulations laid there under.

Dear Experts,
i have cleared my CA Final Both Group and also GMCS training,
now i want to apply for Membership and COP,

Please guide me how to apply for both things simultaneously, is form 2 is sufficient or i have to apply for firm name first ??

Thanks...

Dear Sir,

Can a person holding a Certificate of Practice issued by ICAI allowed to apply for membership of Bar Council?


The purpose is to continue holding Certificate of Practice of ICAI and not to practice as a lawyer.

Is there any restriction in becoming a member of Bar council and continue to hold Certificate of Practice issued by ICAI, kindly let me know.

Have a querry regarding share certificate, is share certificate is required to be issued wen share is reduced after transfer of share, plz any body provide the formate of share certificate old and new. Plz help asap.

i am a member of a NGO and looking for funds for a educational institute , to avail funds i have to submit a project report , please guide me to prepare a project report.

how to apply for ICMAI foundation cource and what is qualifying marks and when and where the exam is to be held

Dear sir,

one of the our employee left from our company on 01-09-2013.

Date of his joining 01-08-1998 he is eligible for gratuity. but he does't apply for that.


there is any time limit for apply gratuity.


Tnks in advance

Actually my ca told me that if u want to do the job here then apply for full time cop but u will not become the partner of this firm and i will give you Rs30,000 for your work . How can this possible even after applying full time cop but i will not become partner . please help me . tell me this will create any problem in future or any fraud. What is in his mind ? what is his planning ?