banner_ad

JIGAR PARMAR
This Query has 4 replies

This Query has 4 replies

is Certificate of practice number and membership number are same or not?


KRRISH
This Query has 4 replies

This Query has 4 replies

Can anybody provide me solution to end the problem that i actually came across..............
There is a individual who invested all his assets in a Rice Mill of worth Rs.8 crores (approx.) in the year 2011.Then the business continued for 1.5 years continuously. Suddenly the business lacks working capital due to abscondance of cash by the person involved in construction, who was the friend of the individual in the 2013. There is no specific evidence to prove the fraud. Thus, the business discontinued. On the other hand, as there is no profits, the bank debts (neither the principle sum nor interest) of Rs.4 crores(approx.)could not cleared as there is no cash availability. As the business organisation is not paying any sum to bank. The bank considered the debt as NPA and is going to conduct auction on or before 06.06.2014.All the assets were struck in the bank as securities for the loan whereas the individual has Rs.4 crores of bank loan and Rs.2 crores of unsecured loan.
Banker valued the mill value for Rs.1.63 crores and other securities for Rs.60 lakhs only whereas the valuation report by the Approved valuer valued the mill for Rs.5.35 crores (approx.). There is a heavy pressure from the creditors as the auction amount does not cover their debts.
Please provide a probable and suitable solution for the above query.................



Anonymous
This Query has 2 replies

This Query has 2 replies

20 May 2014 at 23:14

Tds

Sir,

I filled 24Q for all the 4 Qtr of 2013-14 & i have generated Form-16 also. now i came to know that all the four regular statement were processed with some demands due to late deposit of tax and the demands was created two months ago. can i now file correction statement for all the 4 quarters ?


binal salot
This Query has 1 replies

This Query has 1 replies

Dear experts..

pls share your views regarding the benefits and disadvantages of both the form of business enterprise considering the less harassment at statutory level and scope of having high amount of finance from banking institutions

Regards


bharti
This Query has 4 replies

This Query has 4 replies

20 May 2014 at 17:02

Regarding cs internship

i have cleared professional exam this December. Am i eligible for new training structure of ICSI i.e. one year internship?


DEBAJIT MONDAL
This Query has 2 replies

This Query has 2 replies

20 May 2014 at 15:21

Fcra

Dear all, one of my client, an NGO has been receiving foreign donation for the past 10 years now, through wire transfer, without FCRA Registration. Neither their bank nor their CA had ever told them about. However, last month they have been told by their bank to get one. I have already done the application.
Now my query is that what would be the consequences of receiving those Foreign Donation for all those years. During the Home Ministry inspection by IB, would it pose a problem in getting the registration? What should I do about it?


Amit khokhar
This Query has 1 replies

This Query has 1 replies

20 May 2014 at 08:42

Important

Sir please provide me,ca ipcc IT NEW syllabus notes in easy language for nov.2014


M.Subhan Ali Baig
This Query has 1 replies

This Query has 1 replies

20 May 2014 at 08:29

Case

Attention friends...... Can anybody provide me solution to end the problem that i actually came across.............. There is a individual who invested all his assets in a Rice Mill of worth Rs.8 crores (approx.) in the year 2011.Then the business continued for 1.5 years continuously. Suddenly the business lacks working capital due to abscondance of cash by the person involved in construction, who was the friend of the individual in the 2013. There is no specific evidence to prove the fraud. Thus, the business discontinued. On the other hand, as there is no profits, the bank debts (neither the principle sum nor interest) of Rs.4 crores(approx.)could not cleared as there is no cash availability. As the business organisation is not paying any sum to bank. The bank considered the debt as NPA and is going to conduct auction on or before 06.06.2014.All the assets were struck in the bank as securities for the loan whereas the individual has Rs.4 crores of bank loan and Rs.2 crores of unsecured loan. Banker valued the mill value for Rs.1.63 crores and other securities for Rs.60 lakhs only whereas the valuation report by the Approved valuer valued the mill for Rs.5.35 crores (approx.). There is a heavy pressure from the creditors as the auction amount does not cover their debts. Please provide a probable and suitable solution for the above query.................



Anonymous
This Query has 2 replies

This Query has 2 replies

19 May 2014 at 17:49

Return of cheque

I have booked a flat through builder and I have paid Rs.1 lac as an advance vide cheque on August, 2013, but the deal was cancelled by the builder and he refunded the amount vide cheque which was returned due to insufficient fund. I contact several times but he is not responding so far. So please advice to me what should I do?

K Radhakrishnan



Anonymous
This Query has 1 replies

This Query has 1 replies

Dear All,

We are a trust having business in education and having 5 branches across the Bangalore.

Now for professional Tax renewal of Rs 2,500 should we pay Just 2500 or 2500*5=12,500 ??

We got registered under Karnataka Professional Tax as one registration.

Regards






are having three branches in bangalore whose registration has done






CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details