Dear Sir,

With respect to subject cited above, I would like to have your take on the issue that, how big impact does it have not possessing pre-qualification experience other than the articleship period training course?

Is it appropriate for a qualified C.A. to work in BPO industry, wherein he has nothing much to exploit with his knowledge and skill acquired in due course?

LooKing for your advice.

We have issued CT-1 to our supporting manufacturers.

The goods have been exported by the supporting manufacturer based on the value /Qty of CT-1 issued by us.

It has been observed that at times the quantity is short shipped / rate has been revised which has resulted in unutilised balance of CT-1.

For Instance in one of the CT-1 the Excise Duty was 200,000/- the goods have been exported for Rs. 180,000/- only.

There is unutilised Excise Duty balance against the CT-1 .for Rs. 20,000/-

We have submitted the Proof of Export with all relevant documents. Now the Superintendent (Exports) has asked to seek certificate from the Jurisdictional Superintendent of the supporting manufacturer.

We understand that before sending CT-1, the merchant exporter should debit estimated amount of duty liability. This amount is required to be specified in part II form CT-1. On the basis of this CT-1, the manufacturer can clear goods for export without payment of duty by making suitable entries in part II of CT-1. This provisional debit will be converted into ‘actual debit’ after the goods are cleared from the place of manufacturer. - Chapter 7 Part II Paras 6.2 and 6.2-1 of CBE&C’s CE Manual, 2001.
And thus, initial debit is only a provisional debit. Final debit will be after goods are actually exported. There is no provision to get certificate from other Suptd. and re-credit can be taken in the bond based on certificate from actual manufacturer should be sufficient.

We tried to explain this to them, however they have advised to pay the unutilised amount through GAR7, otherwise they will not re-credit our running bond account for the entire CT-1 amount.

In view of the above please advise the course of action to enable us to clear the pending CT- 1 credits.

Hi Dear,

If we have imported some goods and now we have to record it then what should be the rate of exchange (buying rate or selling rate)and what should be sound date to book in record

Kindly clarify:
If one gets 60% or more in a subject to get exemptions in the next 3 consecutive attempts is it necessary that one scores a minimum of 30 marks in all the other subjects in the group. ie suppose one writes 2 papers well assuming he gets 62 and 64 and only 20 and 18 in the other two papers of the same group, will he still get exemptions in the papers he scored 62 and 64. Kinldy advice.

Respected Members,

Please any one can provide me the guiduance on working ares of Internal Auditing which have more and substantional focus on organisation.

Regards,

Prabhakar

Hi,

Our company name is changed. can anybody tell me how many days i have to mention "formerly ----- " in our company documents and in which act/rules i can get the provisions regarding the same.

Regards,
Praveen Kumar.T

Please tell me under which section prior period expenses are disallowed in incometax

whether TDS is applicable on payment made by a pvt ltd company for transaction/demat charges to a depository participant?

if yes, then under which section?

I wanted to know the date on which service tax is appicable in case of rent, and the company has registered to service tax on 14.02.07 but they have not remitted any service tax till july but from july the remmittances are done, whether there is any penalty towards this and the date remittance to be started from 14.02.07 or there is any time lag for the payment? and if there is any excess amount paid whether can we claim refund for the same?

Hello Sir

My Grandfather purchased a commercial Land at Rs.28000 in 1979 & after his death this shop is transfered to my father(Age 60 Years) and his brother(Age 70 Years).Now they wanted to sell this shop at Rs. 12.50 Lacs.My father & his brother also incurred some improvement costs on this Plot & build a shop in 1982 by spending 50000 Rs. on that.but they donot have any Documentary proof in support of that.
Now querries are as follows.
1. is it necssary to give any proof for cost of improvement.
2.Can both of them take advantage of slab exemption on their portion of LTCG(assuming they donot have any other total Income)
3.can they take cash in consideration of this shop.
4. Is their any other exemption available in this case.