Respected Sir,

I need to know that can i file my nil income tax return for fy 2010-11 (ay11-12) now? Is there any penalty for the same?
THANKS & REGARDS

my firm is registered under the category as"service" under the registration of micro,small medium enterprise act 2006.

my concern is that as my firm get the registered under "service" .As i have to choose two option ,1 is manufacturing and 2 is service. As my firm is dealing in the distribution of books , we have filled the form under clicking "service" option.

Now i want the guidance ,wheather service taxes provision is also applicable ? should rules and regulation of service tax is attract as my firm is registered as "service" under micro,small and medium enterprise act 2006? pl giide me , what should i do ?

Sir,
My question is If a CA is working in a CA firm as a paid assisstant, Whether the payment from CA is to be considered as salary or Professional Income.

Dear Sir/Madam,

I would like to know about Karnataka Entry Tax rate. We have sold our pumps from Mumbai to Karnataka (Client-Mangalore Refinery Petroleum Ltd.) While releasing the payment they have deducted an part of amount from our payment.

Kindly confirm the rate of Karnataka Entry Tax and what proof we can ask from them for deduction of above tax.

i want to know what is the VAT Rate in for solar water heater and solar lights

IN CASE WE CREDIT CONTRACTOR LEDGER FOR RS 95000/- IN ONE YEAR FOR JOBWORK AND WE DEBIT CONTRACTOR LEDGER IN SAME YEAR FOR RS 5000/- FOR VATAV/KASAR THEN ON WHICH AMT. TDS SHOULD BE DEDUCTED FOR RS 95000/- OR 90000/- GIVE ANSWER WITH EXAMPLE AND RELEAVANT NOTIFICATION

IF TDS DEDUCTED IS RS 100 AND TDS DEPOSITED IS RS 200 OF WHAT AMOUNT WOULD I GET TAX CREDIT OF RS 100 0R 200

INCASE WE CREDIT RS 90000/- AGGREGRATE IN ONE FINANCIAL YEAR FOR LABOUR WORK FOR CONTRACTOR AND IN SAME FINANCIAL YEAR WE DEBIT CONTRACTOR LEDTER FOR RS 5000/- FOR KASAR VATAV. SO WE MUST DEDUCT TDS FOR RS 90000/- OR RS 85000/- GIVE ANSWER WITH EXAMPLE AND RELEVANT NOTIFICATION FOR IT (WE HAVE TO PAY RS 85000/- ONLY TOTAL WITH TDS)

Q 1.Whether audit of all LLPs would be mandatory?
A. The accounts of every LLP shall be audited in accordance with Rule 24 of LLP, Rules 2009.Such rules, inter-alia, provides that any LLP, whose turnover does not exceed, in any financial year, forty lakh rupees, or whose contribution does not exceed twenty five lakh rupees, is not required to get its accounts audited. However, if the partners of such limited liability partnership decide to get the accounts of such LLP audited, the accounts shall be audited only in accordance with such rule.
The above q & a has been downloaded from MCA Portal on audit of LLP. It is clear that both conditions are to be fulfilled i.e. Rs.25Lacs contribution and Rs.40Lacs turnover for statutory audit of LLP. However,while going thru the subject on CA Club, I find that majority view is that if one condition is fulfilled audit is required. Would any one clarify the correct position?
Also wish to furnish the following additional information FAQ:LIMITED LIABILITY PARTNERSHIP
FAQs ON AUDITORS
1. Which Companies require audit?
As per Rule 24(8) of the Limited Liability Partnership Rules (LLP Rules), 2008, every
limited liability partnership (LLP) which fulfils the following two criteria is required to get its accounts audited
a. turnover exceeds Rs.40 lacs in any financial year and
b. whose contribution exceeds Rs.25 lacs in any financial year.

2. Will there be a requirement of audit if an LLP fulfills any one of the criteria mentioned in Question 1 above?
Under Rule 24(8) of the LLP Rules, 2008, an exemption from audit is available for all
those LLPs which fulfill any one of the above mentioned criteria.

Q.2.Is there any format of audit report, P & L
& B/Sheet specified in the statute?

Q.3. Whether amount of interest on capital remuneration to working partner & share of profit credited to capital a/c during the financial year (after formation of LLP) amounts to contribution?

Many thanks in advance.

hi sir,
i m a CA final student pursuing last year of my articleship and quite desperate to make a career in private equity and investment banking.i have experience working in conventional areas but have got no exposure at all in my above mentioned choices.My questions are:
1.which companies in india are best to start with ?
2.As i have no experience in IB & PE at all,will this factor effect my recruitment as a fresher in a top notch firm?....i want to elaborate that i m good at academics and i have passed ipcc with a rank.

3.what all steps should i take to pursue my dream career?

4.what is the average ctc a ca fresher can get in ib/pe firms and what is their selection criteria?

thanks