Hi,

I have completed my MCA and was campus recruited in reputed MNC's and I have around 3.5 years of experience in Software Industry. I am a stay at home MOM for the past 6 months due to my delivery. I am planning to be out of my profession for the next 3 years. Meanwhile I am planning to CFA. I am willing to continue my career as a software professional or in finance. Experts please advice me how best is it to do CFA being a stay at home Mom. Also let me know how far my MCA and CFA would help me in my career. Thanks in advance.

Please guide, how the TDS provisions are complied with if a company do not directly incur the expenses but makes the reimbursement of expenses to the staff, in the 2 situations mentioned herein below.

1. Invoices are in the name of employee.

2. Invoices are in the name of company but payment was made directly by the employee and later on reimbursed by the employer.

Whether TDS to be deducted on foreign commission paid outside india relating to sales.

I withdrawn Rs 10000 from PPF account in current FY. Now i wanted to deposit Say Rs 10000 in PPF in same FY.
So what are the tax aspects?
Few Questions are as follows:
1. Withdrawal of Rs 10000 is Taxable or Not? If yes, then Under which section?
2. Would i get deduction of deposit of Rs 10000 in PPF under Section 80C?
3. Latest Provisions related to PPF?

Thanks!!

Whether thare are any amendment or any new changes in 3 CD form or 3CA or 3CB applicable to financial year 2007-2008( Assessment Year 2008-2009) as compared to financial year 2006-2007 (Assessment Year 2007-2008)for tax audit purpose ?

If yes, then please provide new form 3CA Or 3CB Or 3CD, if applicable.

Please provide immediate reply.

Thanks,

Snehal

X Ltd; is in the course of being wound up.The winding up has been put on hold as a petition has been submitted u/s.391 of the companies act by a member. The company has amounts due to secured creditors. The company is a real estate company. So the land held by it is treated as
stock in trade. The question is 1) If the land is sold in auction , will the amount be treated as business income? 2) will the company be liable to pay tax on the amount received on the amt remaining after payment to secured creditors 3) will the expenses met by liquidator be deductible?
4) please suggest relevant case laws.5) Will the IT department waive the income tax in any case?

DEAR SIR,
IN WHICH SECTION TDS IS TO BE DEDUCTED ON HIRING OF CAR & OTHER HIRE CHARGES LIKE ELECTRIC EQUIPEMNETS ETC.

AND ALSO PLEASE TELL ME THAT WHETHER TDS WILL BE DEDUCTED ON SERVICE TAX OR NOT??

THANKS AND REGARDS

VAIBHAV GORECHA

If any amount is deducted from a party wrongly and also deposited, then in such case how it can be adjusted or revised? can the money deposited wrongly be adjusted in any other party account?

On hiring of car whether TDS would be deducted as rent(u/s 194I) or as contract (194c)

Is there any change in the caro, 2003?
I have referred the site of MCA, where I have referred that there is a change in CARO but I cann't find the changed.
If yes than which caro is applicable for ca final exam Nov 2008?