I had heared one audit is sox audit? will anybody help me to know more about this type of audit...

PLEASE TELL , CAN A CA IN PRACTICE DO OTHER BUSINESS LIKE SUB-BROKER ( SHARE TRADING ) ALONG WITH HIS PRACTICE.

Hello Experts,

On reading the CPT text I have to understand the difference between "Due date of a bill" and "Date of maturity of bill". As I understand, the date of maturity of a bill comes after adding 3 days of grace to the due date of a bill.

However, while going through the questions on bills of exchange and promissory notes in the CPT model test papers I find that when the question asks us to find "Due date of a bill", the correct answer as per the model test paper book is the "date of maturity of bill" and not the actual "due date of the bill".

For eg,Question: Find the DUE DATE of the bill if a bill is drawn on 1st Jan 09 payable after one month.

The correct answer is 4th Feb 09 as per model test paper book. But as I understand the due date is 1st Feb 09 and the date of maturity is 4th Feb 09.

Please clarify if I am wrong in my understanding ? If I am right, which option should I choose in the coming CPT exam.

Thank You

In case of co operative bank if the person is shareholder of the bank then no TDS is deductible on the Fixed Deposits.
However, whether same principal will be applicable if the person is Nominal Shareholder.

My company has provided me Fuel & vehicle management reimbursement , and driver salary as part of my salary.

Is this exempt from tax ? What is the ceiling limit for fuel and driver salary ?

The salary and exemption details are captured in Form 16 ? Is this enough to file tax or do i need to submit any other documents while filing tax ?

hi

my query is regarding applicability of TDS on Rent where payee is Govt Undertaking / Govt Co and payer is a pvt sector undertaking

whether the payer is liable to deduct tax at source in such case??

If possible, please also quote the relevant Section of Income Tax Act

I m a avreage student. i yet not started stying for my nov exams. how can i prepare well for my exams. please tell me how and from where to start study. I m confused a lot.
Thanks in advance

please explain the difference between job work and works contract. i understand that job work is exempted from tax under VAT.

Dear Sir,

I have paid to my sub-contracter during the F.Y. 2008-09 as below:
Oct. Rs. 400708
Nov. Rs. 628009
Dec. Rs. 1102095
My quistion is this in which bill i have to deduct Surcharge????????

Kindly Advice At your earliast.

Is There no choice for PCC questions?