My articleship is going to complete its 1st year on 14th oct.2014,

but my GMCS-1 batch is from 1st oct. to 16 oct.2014,

now plz anyone tell me that is this fair for my final attempt or attempt will be late...

plz anyone answer...

Hello,
Upon revising a return is an individual supposed to send both the acknowledgements (pertaining to orignal & revised return) to the CPC by speed post?

Dear all,
Our Refund of F Y 2010-11 is Rs.241985/- but after assessement with sales tax officer it comes payable Rs.52854+interest Rs.25766 as STO disallowed some purchases. so, what should i pass entry for this liability booking and disallowance of refund?

Dear All,

I am Purchasing Travel Insurance Policy from Reliance agent for Rs 100/- and collecting Rs 100/- from my Customer. Below is the details of how i am doing Invoicing in my Book of Accounts

Debtors A/c ......Dr 100/-
to Reliance Vendor A/c ...... Cr 100/-

But I am getting Rs 30/- as commission from Insurance company. so at the time of making payment i am paying cash of RS 70/- to my insurance Agent and deducting Rs 30/- from policy amount of RS 100/-.

Should i pass the below JV and pay service Tax .

Reliance Vendor A/c.....Dr 30/-
To Insurance Commission A/c..... Cr 26.70/-
To Service Tax A/c ..............Cr 3.30/-

Please check the above JV and let me know the correct way of doing the above transaction.

I have completed one and half year CA articleship training. Now i want to take transfer because to take care of my mother as she has been suffering from Bipolor Disorder (Mental Illness). So please send details of procedure for taking transfer to my native place.

I have resigned from my Company 2-months back & have not received my outstanding dues on settlement from the Co. This O/s dues includes LTA, Medical exps.and pending salaries for last 20-months, which comes to huge amount. We were getting salaries once in 3-mths.or 4-mths. and therefore, it got piled-up to 20-mths. Since, there is no hope of turn-around of the business in this Co.& our Employer has no intention of giving these dues to me as well as other Employees, who had resigned from the Co., I took the hard decision of resignation after working 22-years with this Company. The Co. has deducted Tds on unpaid LTA as well as unpaid Salaries all these years and PAID to/deposited with Govt.Treasury and accordingly, have issued form-16 for the respective years. On accounting point of view, the Co.has shown Salaries & LTA as expenses and to that extent shown low profit and paid less income-tax on the same. But, if you see employee's point of view then you will realize that he suffered a huge loss as paid unnecessary tax on salary income which was not received by him and almost bad-debts for him to recover from the company. We know that salaried person is liable to pay tax on the basis of accrual or receipt of income, whichever is earlier, but what is the remedy for the salaried class people who have resigned from the Co. & are not getting their dues? Is there any procedure for claiming refund from the ITO for tax paid on salaries which was not received by him? Please advice.

Dear Sir,
Please tell me about updated rules and regulations of Excise and Customs on following.

We have manufacturing proprietary concern of Bearing which is registered with Central Excise and we want to import some electronic items from china on payment of import duty.

Kindly tell us what kind of compliances and regulation we have to complete for import of electronic items from china.

while filing ST3 for 2nd half of fy 2013-14 unfortunately we missedout to enter some services for which st applies and the same need to setoff aganist st inpu credit availabe. as 90 days gone from our return filing I'm unable to revise the same. Anyone can advice me the course of action to be take for revise ST3. THANKS

Dear Learned Professionals,

Please suggest me how to resolve the below case

'the company has taken huge loans from the relatives of the Directors. The company's position is not good enough to repay the loan amount. How can we clear this amount

a) Can it go for private placement of shares for clearing the loan amount.?

b) Can we show it as share application money pending for allotment.?

Please suggest if you have any other alternative solution for this.

Thank you,

Ganapati Ghatti

dear experts

Is form 23B is still can be filed for company who have not filed last year for F.y 2013-14 Audit.

Or ADT-1 will file.

Query is because the form 23B is still Available at MCA website.