a company has taken a loan to finance its fixed assets but due to financial crisis financial institutes waive some amount of loan and interest outstanding.m what should be the treatment whether it should be deducted from fixed assets and depreciation should be charged on balance amount or it should be shown A profit or some alternative if any
can a 100% EOU company claim cenvat credit on various services like Auditing?. that is if auditor's bill is soppose 100000 + service tax 12224 can company book 12224 as cenvat credit
There was a case of Penny stock Shares Transactions, wherein shown as a LONG TERM CAPITAL GAIN, and shown as exempted in original return for A.Y. 05-06, however later on investigation dept on broker at mumbai in jan.06.
Broker given the statment the same was modus operandi.
Hence assessee declared the same as income and filed revised return and paid tax along with tax+int.
During scrutiny, same was accepted and levided the penalty u/s 271 (1)(C)after issuing a notice and given the reply.
can any one suggest on the same any case law / any same type of cases and how to handle the matter in CIT APPEALS.
THANKS IN ADVANCE
SHAM
My friends and my seniors at the firm tell me that one should study Coaching material/ Reference books more but with few reference to the ICAI module. Even an old CA had told the text material in the module is more than the syllabus prescribed (many extra things are given; which has nearly 100pc chance of not being given in exams).
Take my coaching’s case in Business Ethics. In the sub-chapter “ Corporate Governance”; the material given to us by coaching had the condensed form of the chapter of the module. In module there was
a)History of evolution of C. governance in abroad and India
b) Case study of C.G. Stucture in ITC (company)
But in our material; the history part was totally missing. Does that mean we don’t have to memorise(one memorises history usually; not understand them) the history of C.G.?
Similarly, does this same thing stand for other subjects as well?
P.s. A CA student told me that “ a PCC/final examinee succeeds due to his ability to grasp the syllabus in the last six months: that’s why students prefer Coaching materials wisely!”
Which is the last date for filing TCS return for the quarter ending on 31/03/2008. Also give me the refernce of section or rule on basis of which you have formed your opinion.
as per new announcement . one ca do b.com only through coresspondance along with ca .
i want to ask can one do MBA after doing ca & b.com(coress) from a reputed insitute of mgmt?
coz they ask that from where we did our b.com??
Is LTC exemption is available for any journey outside india.
Should TDS be deducted for accountant, who does part time job in many places? If yes under what sec it should be deducted?
Mr. A has applied for Service TAx No. and paid the service tax during the FY 07-08. Now as per the new amendment he is not liable to pay service tax as his turnover is below rs.10 lacs for FY 2007-2008.
What will be his status in FY 08-09? whether he has to apply for cancellation of number?
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
waiver of loan