Sir.Iam a pcc student. I want to take Transfer so plz tell me that can i take Transfer according to new rules.plz tell me the rules related to Transfer newly issued by ICAI.

Hello sir
i am a pcc student and i want the important questions for INFORMATION TECHNOLOGY(IT) for june pcc 2009 ca exam.

Dear All

The above mentioned notification allows us to take refund of the CVD @4% paid on import of goods on which we charge VAT or service tax. Can anybody tell me the exact procedure how can I claim such refund. What are the documents to be furnished, is there any prescribed form, or format of certificate from CA. Where do I have to apply, how shall I claim the refund of back one year etc etc. I need full procedures to be followed. Pls help me as soon as possible.

Hi Friends,

the company is under construction and it has earned interest income from FDRs (fixed deposits receipt). company did not have any borrowed funds. the FDs are cerated from the paid up capital and share application money and also the company has given bank guarantees to outsiders, those guarantee money is transferred to FD on which also the interest is earned.

i) whether this interest income earned during construction period is taxable?
ii) can the company set off this interest income against PRE-OPERATIVE expenses?
iii) can the company claim the TDS refund from the department, if not taxable?

Thanks in advance.

One of our Vendor is Providing the software & facility for Electronic Clearing System (ECS) facilty for directly debiting the customer's account for Loan EMI from their a/c. Whther we should deduct TDS u/s 194C or 194J from Vendor's payment.

Please advice.

A STPI Unit has paid STPI membership fees of Rs 100000 for 2007-08 but subsequently it receives a notice from STPI in July 08 regarding additional payment of Rs 100000 for 2007-08 as the Turnover of company exceeded some limit and memebership for the year amounted Rs 200000. The Company pays the differential amt of Rs 100000 in July 08.
Now will this payment be an allowable Expense for the year 2008-09 as books for 2007-08 were already closed and payment made in 2008-09 or this amt will be considered as Prior Period Item in regard to 2008-09 and hence be disallowed?

what would be the treatment of prior period income for computation of income?

And Prior Period Items are required to be disclose seperatly. can we combined prior period income and prior period expenses in prior period items head in Fin statement.

Dear Sir,

pls let me knw if there is any responsibility or liability of Internal Auditors towards Statutory Auditors..???
Are internal auditors required by any AAS/ SA to answer statutory auditors on any matter compulsarily.
In AAS-7 it is given when a Statutory auditor can rely on Int aud. But i could find nowhere about the above topic.

Pls reply asap.


regards
Pranay

HI please suggest me that can tyres replaced of bus be trested as revenue expenditure or we can take them as capital exp. ,according to the provisions of AS-10,
THANKS IN ANTICIPATION

will any body tell me that which book for income tax is better which is advanced and contain every point in detail and which will be useful in practise much.