Dear Sir

My mother has received the following on my fathers death.

1. Ppf money maintained by my father.
2. Death grant
3. Money as family pension of about 28000 per month.


Kindly advise me on tax treatment of the above. My mother is not working.

A cast iron foundry is importing forged steel moulds for making its castings. The moulds are of four
different sizes A,B,C and D and their CIF values are US $4,140; 4,160; 6,340, and 7,875 respectively.
Customs duty may be assumed at 45% and clearing charges 5% of CIF value. The number of castings
that can be made out of each mould it:
A - 1,000 B - 2,000, C - 1,800 and D - 1,500.
The weight of each casting out of A is 300 kg. B - 400 kg. C - 500 kg and D - 700 Kg. The casting suffer
a normal rejection of 10%. You are required to calculate the average cost of mould per tonne of
saleable casting.
(For conversion assume US $ 1=` 8)

Dear sir,

My client is providing labours to a private limited company on piece rate bases. The work order defines the rate of packing charges per tone bases.. For ex. 1000 rs per tone. In above case my client supply labour and carry packing work of towels and other text tile items and issue bills as per tone rate bases. Means if he has packed 2 tones of material then he charge rs 2000.

In the above case whether service tax is applicable to him if turnover exceeds rs 10 lakhs in a year.. ?

If yes then under what category it will fall..?

Dear Friends,

Please help me in clarifying my confusion on following :
1. Whether Annual Audited Financial Results as per clause 41 and Annual Accounts as per Co' Act are same ?
2. And Annual Audited Financial Results, which are approved by the Board and sent to Stock Exchange, are to be adopted in AGM ?

Can Be get refund of service tax paid under RCM as service receipient or it can be treated as expenses.

Dear all,
I have done my B.Com & MBA ( Finance) in 1997. Since i have been working in Accounts, Finance,& Audit departments of various companies. I would like to know if i register for IPCC now, can i immediately appear for exams in November ? Please help.

Thanks & regards,

i took termination from my last principal w.e.f. 28th feb. 2013,and received the termination letter for the same, and i haven't completed my 1st year of articleship training yet, can i get re-registered with same principal again.

ACCORDING TO ME, THE TAX COMPUTATION OF A CHARITABLE TRUST IS BASED ON CASH FLOW.IT IS NOT BASED ON THE RESULT OF INCOME AND EXPENDITURE ACCOUNT.

85% OF TOTAL INCOME TO BE UTILIZED IN THE YEAR OF RECEIPT FOR ITS OBJECTS WITH IN INDIA.

WHILE WE CALCULATING THE REMAINING 15% EXEMPTED PORTION,THE CALCULATION IS BASED ON THE TOTAL INCOME CREDITED DURING THE YEAR.

THE ITO TOOK THE 15% ON THE NET SURPLUS OF INCOME AND EXPENDITURE AND MADE THE ASSESSMENT ACCORDINGLY. YOU FEEL ANY JUSTIFICATION ON IT? IF YES PLEASE CONVEY ME.

Is it mandatory to reply on openion/qualification of CARO Reort in the Board Report. Please advise.

respected sir i havnt got my registration letter of cwa but i got the study material now i have to fill a form where registration no. have to fill mandatory and in the website of cwa i didnt find any clue of downloading my registration no. plz suggest the appropriate way of getting my registration no and letter.