My company is the MNC having office in India (separate legal entity)
We have acquired a company through Asset Deal (taken over working capital i.e. Accounts Receivable, Accounts Payable & Inventory). Goodwill is recognised in financial statement.
Assuming the future performance of acuired business (based on the market research & other combinations), we have created Supplier List which is part of the Goodwill only

So now we have Goodwill account on which we are not calculating amortisation, but we are applying amortisation on Supplier List for definite period

** My query is, whether to consider Supplier List (being Intangible asset) while calculating Net Worth of the company ?? **

Reference : Section 2(57) of Companies Act'2013
"―net worth‖ means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation;"

1. I had cleared Inter 1st group in may 22 and now I want to know within how much time I can join articleship?

2.Is there any requirement to submit a stamp paper for articleship registration?

3. Does that stamp paper binds me to work at one place for my entire articleship tenure?

4. Within how much time I can change articleship firm?

I want to Gift approx Rs 10 lacs to my daughter. would like to know if any TAX applicable to her on receipt of money. She is a student and does not have any income.

also , do I need to prepare any document of Gift.

Kindly advise.

Sir, My name is G. Sasidhar kumar, i want to know latest EPF Contributions (Employee and Employer) Please give the details.

G. Sasidhar Kumar
Hyderabad

If we enter a number it will convert into individual strings and display in same order.

Ex: If I enter 564 then the output should be FIVE SIX FOUR.

So can anyone modify this code to get this result.



Function SpellNumber(amt As Variant) As Variant

Dim FIGURE As Variant
Dim LENFIG As Integer
Dim i As Integer
Dim WORDs(19) As String
Dim tens(9) As String
WORDs(1) = "ONE"
WORDs(2) = "TWO"
WORDs(3) = "THREE"
WORDs(4) = "FOUR"
WORDs(5) = "FIVE"
WORDs(6) = "SIX"
WORDs(7) = "SEVEN"
WORDs(8) = "EIGHT"
WORDs(9) = "NINE"
WORDs(10) = "TEN"
WORDs(11) = "ELEVEN"
WORDs(12) = "TWELVE"
WORDs(13) = "THIRTEEN"
WORDs(14) = "FOURTEEN"
WORDs(15) = "FIFTEEN"
WORDs(16) = "SIXTEEN"
WORDs(17) = "SEVENTEEN"
WORDs(18) = "EIGHTEEN"
WORDs(19) = "NINETEEN"
tens(2) = "TWENTY "
tens(3) = "THIRTY "
tens(4) = "FOURTY "
tens(5) = "FIFTY "
tens(6) = "SIXTY "
tens(7) = "SEVENTY "
tens(8) = "EIGHTY "
tens(9) = "NINETY "
FIGURE = amt
FIGURE = Format(FIGURE, "FIXED")
FIGLEN = Len(FIGURE)
If FIGLEN 1 Then
ElseIf Val(Left(FIGURE, 9)) = 1 Then
End If
For i = 1 To 3
If Val(Left(FIGURE, 2)) 0 Then
SpellNumber = SpellNumber & WORDs(Val(Left(FIGURE, 2)))
ElseIf Val(Left(FIGURE, 2)) > 19 Then
SpellNumber = SpellNumber & tens(Val(Left(FIGURE, 1)))
SpellNumber = SpellNumber & WORDs(Val(Right(Left(FIGURE, 2), 1)))
End If
If i = 1 And Val(Left(FIGURE, 2)) > 0 Then
SpellNumber = SpellNumber & " CRORE "
ElseIf i = 2 And Val(Left(FIGURE, 2)) > 0 Then
SpellNumber = SpellNumber & " LAKH "
ElseIf i = 3 And Val(Left(FIGURE, 2)) > 0 Then
SpellNumber = SpellNumber & " THOUSAND "
End If
FIGURE = Mid(FIGURE, 3)
Next i
If Val(Left(FIGURE, 1)) > 0 Then
SpellNumber = SpellNumber & WORDs(Val(Left(FIGURE, 1))) + " HUNDRED "
End If
FIGURE = Mid(FIGURE, 2)
If Val(Left(FIGURE, 2)) 0 Then
SpellNumber = SpellNumber & WORDs(Val(Left(FIGURE, 2)))
ElseIf Val(Left(FIGURE, 2)) > 19 Then
SpellNumber = SpellNumber & tens(Val(Left(FIGURE, 1)))
SpellNumber = SpellNumber & WORDs(Val(Right(Left(FIGURE, 2), 1)))
End If
FIGURE = Mid(FIGURE, 4)
If Val(FIGURE) > 0 Then
SpellNumber = SpellNumber & " PAISE "
If Val(Left(FIGURE, 2)) 0 Then
SpellNumber = SpellNumber & WORDs(Val(Left(FIGURE, 2)))
ElseIf Val(Left(FIGURE, 2)) > 19 Then
SpellNumber = SpellNumber & tens(Val(Left(FIGURE, 1)))
SpellNumber = SpellNumber & WORDs(Val(Right(Left(FIGURE, 2), 1)))
End If
End If
FIGURE = amt
FIGURE = Format(FIGURE, "FIXED")
If Val(FIGURE) > 0 Then
SpellNumber = SpellNumber & " ONLY "
End If
End Function

Respected sir I want to know why interest on national debt is classified as transfer payment and therefore it is not included in national income but why it is not considered as factor income as government avails credit facilities?

my cma intermediate registration date 13/10/2008 and cma final registration year 2014.
still have to go for practical training. after registration for final, for financial support to my self i had joined a college affiliated by Maharaja Ganga Singh University Bikaner Rajasthan as an assistant professor of Accounts and Business Studies.
i have experience certificate for such position, from date 01/12/2016 to 30/04/2019.
my query is whether this experience can be counted as training of icmai as per prescribed in appendix? although this experience is totally 29 months.
if i am exempt for practical training?

Hi! Im srinithi i have cleared my ipcc and is currently working as an article in chennai and looking for firms in Singapore to continue my articleship in Singapore! Please do refer firms and friends who are working as an article in Singapore to email- nithithina@gmail.com. Please do reply!

what is TDS@% charge on SAC 998399 ? and the amount of bill if @2500/- we have only this one bill in this FY22-23

I am unable to login into ICITSS portal to download MCS certificate. Even after entering correct credentials for username & password is gives error as it is incorrect. Tried contacting & mailed the helpdesk but no revert from their end. What to do ?