Sir,
Expense relating to lunch, coffee and guice provided by company to Managing director on occasionally . does this expenses will be allowed as expense to company and under what expense head to be account. Dues business promotion exp. head is proper or not.

A school is purchased a land. school done some JCB leveling work and built boundary only and debited such expenses under land cost ...can it is a land cost or building cost..

As I am new to CA would like to ask to which subject I should focus most.My favourite sub in ipcc are accountancy,law and audit

I competed b.com this year.now I'm a direct entry student for IPCC. I requires to join in article ship within coming august.so please address me as soon as possible.urgent requirement.

Company has during the year received 20lac $ as advance against supply of material and refunded the same 20Lac $ during the year due to cancellation of order.exchange fluctuation cost has been reimbursed by customer.

My question whether to show this in notes of account as forex inflow outflow.

Sir,I am being sent for a concurrent audit of a bank.
I wanted to ask you what is the scope of concurrent auditor in future? what all will i get to learn? Is it really going to be worth it? I really need some help. I will probably be going there for a year and working at the bank it self. Will it be worth it?

An auditor had audited a sole - Proprietorship concern for the F.Y 2007-08 u/s 44AB on 18.09.2008 i.e within due time and return submitted accordingly in due time on the basis of such accounts.

Now whether is it possible for another auditor to certify a revised accounts for the same F.Y 2007-08 on 07.01.2014 u/s 44AB

HII


ATrust without 12A registration, which ITR
cab be used? ITR 7 or 5? If ITR 5 IS USING WHAT IS THE FORM OF AUDIT REPORT? FORM 10B APPLICABLE?

PLS HELP ME

THANKS IN ADVANCE

A tax audit under section 44AB has been conducted for the financial year 2007-08 of the Assessee by an auditor.The Income Tax Return had been filed in due time on the basis of such accounts and audit.The Assessment was completed under section 143(3) on the basis of such audited accounts and returns.Now at the Appeal stage, the Assessee has filed a new accounts for the Financial Year 2007-08 duly audited by a new auditor and stated the new audited acccounts are correct. Please let me know whether the new audited accounts are permissible under section 44Ab of the Act.
Please let me know the CA Institute guidelines and provisions of section 44AB in this respect.

Regards
Ranajay Sinha Biswas

A company is in trading of IRON & steel products and also during the year company is having incurred loss on commodity derivatives.

My query is where to show this loss on commodity derivatives trade in profit & loss statement, whether under other expenses or exceptional items.