I have passed second group of peii, now i will write first group in june 2009. If I will not complete the same in that attempt, what is my position to continue with this course

Buzz

In case I clear my first group by nov 2009; whether I can continue second group under new syllabus or should I give both groups under new syllabus.

My client is very upset with his former statutory auditor of Private limited co. He wants me to appoint his auditor during this financial year. So tell me the way of change of statutory auditor of the co. Present statutory auditor does not file his form 23 in ROC (checked from mca site).
Now we dont have time to call EGM also. Is taking resignation from him is the only simple way out without tension

A Bank Employee Cooperative society incurred 10-15 lacs on gift, refreshments etc its AGM of Members held every year. These members the customer of the socities also but no one is employee of the society.

Now My Query is whether the such expenses incurred is liable for the FBT ?

Since the essential condiation for applicability of FBT state that the employer - employee relation is prerequisit condition of the leavy of FBT.

If there is any ruling / judicial / depatmental pronouncement kindly also quote in your opinion.

It is on urgent basis.
Thankx & Regards

i have got a trf from articleship on 25th march and i have not submited my 109 form yet to the institute. so , in that situation can i registe as an article assistant in the same city.(within 50 kms)

i have got a trf from articleship on 25th march and i have not submited my 109 form yet to the institute. so , in that situation can i registe as an article assistant in the same city.(within 50 kms)

Respected members,

A practicing Doctor, recd. a sum of Rs.11,00,000/- in June 2007 on account of sale of Medcine Formula that was developed by him. This amt. was parked in his account by the foreign company.

During the f.Y. 2007-08, he did not get his accounts audited. Now my question is how to avoid payment of tax on this Income.

One suggestion was that to show that receipt as advance for the formula to be invented and treat as current Liability in f.y. 2007-08 and accordingly sign a back dated agreement with foreign company to show this payment as refundable if Doctor fails to develop the formula( a clause to be put in the agreement)

then show related expenses in F.y. 2008-09 and with Income on credit side.

Please tell me treatment of this in computation of income anb books of accounts of F.y 2007-08 and 2008-09

Regards

Its urgent

It is still urgent

Sir/Mam,

Please let me know what section does presumptive taxation falls for Sub contractors - civil constructions.

What is the % of profit on gross recipts & in case he opts for the same does he need to maintain the books of accounts

Thanks
Altaf