SIR,

IN NEW FORM NO. 17, IS IT MANDATORY TO MENTION PAN OF ALL DEDUCTEES OR WE CAN PROVIDE 85% AS USUAL.

i purchased nsc bonds on behalf society so, interest accrued on nsc bonds shall be accounted in during the year. which Account?i.e other income / any account

IN NEW FORM NO. 17, IS IT MANDATORY TO MENTION PAN OF ALL DEDUCTEE OR WE CAN PROVIDE 85% AS USUAL

IN NEW FORM NO. 17, IS IT MANDATORY TO MENTION PAN OF ALL DEDUCTEE OR WE CAN PROVIDE 85% AS USUAL

WE HAVE PAID RS 250 PER MEETING FOR 6 MEETINGS. WHETHER THIS INCOME TO BE ADDED TO THEIR GROSS REMUNERATION FOR TDS DEDUCTION.

WE HAVE INCREASED THE AUTHORISED SHARE CAPITAL TO RS 1 CRORE BY CAPITALISATION OF RESERVES TO ENABLE ISSUE OF BONUS SHARES.

WHAT WILL BE THE MAXIMUM LIMIT TO FIX THE DIRECTORS SITTING FEES.

After forming Audit Committee is there any requirement to inform this to ROC. Is there any specified form.

when we transfer goods to job worker & he again transfers back such goods after carrying conversion processes(manufacture)....there Rule10A of Valuation Rules 2000 applies..
and the value of goods on which duty will be levied is the sale price by the principal manufacturer at that time

But if the principal manufacturer himself uses such goods and carries out manufacturing process on it then what will be the value on which duty will be levied??

The assessee does not maintain a detailed stock record. however monthly stock statement is given to bank for maintaining CC limit. The stock declared to bank is very high as compared to the actual stock (the stock declared is very high to maintain high CC level)....in such a case while auditing the books can we adopt an altogether different valuation than what is given to the bank? as mentioned earlier no stock records are maintained by the dealer....only record available w.r.t. stock is the statement given to the bank...can we entirely ignore that statement?

Dear all,

i have registered for PE-II in June 05. I haven't cleared my Test papers, hence i haven't received eligibility Certificate. Now I want to Pursue PCC. As the last attempt of PE-II is May 2009, thus i wont be able to clear 3 papers to go to PCC.

What should i do? Kindly suggest with your precious comments.