Dear Sir,
X is a pvt ltd co doing real estate development business. The company has acquired one fixed asset as an investment not in normal course of business. The possession of the said asset is going to take some time. The company is interested to capitalise the interest portion attributable to that qualifying asset.

Please comment , is it correct ??

ACCORDING TO REVISED SCH. VI WHAT WILL THE TREATMENT OF PRELIMINARY EXPENSES AND PRE-OPERATIVE EXPENSES (TO THE EXTENT NOT WRITTEN OFF). WHERE AND IN WHICH HEADING THESE ITEMS WILL BE SHOWN.

which textbook shall i refer for audit ipcc. module sucks . plz suggest me the only one textbook,which has clear cut concepts (like munish bhandari for law)

Sir/mam, I am a proprietor of a cab rental (passenger) business firm. I am regularly falling under audit u/s 44ab for last 3 fy. Now this year i am also falling under audit but I could not file my it return for fy 11-12 till date due to some urgent pers. problems. but there is a benefit in my case that there is no income tax payable as per my books. Pls guide me lawfuly that what will happen if i file my it return for fy 11-12 on or before 31st Oct-12. It's very urgent for me plssssssssssssss...

How much year an auditor must kept the audit working papers like quarry sheet, certificates from management, copy of audit report etc. with them.

Dear Sir,

I have applied loan for milk industry business. i have submitted project and projection details also. my projection detail means of finance 40 lakh project cost and margin is Rs. 10 lakh. loan amt 30lakh. the government Credit Linked back end subsidy 12 lakh. my question is 40lakh less subsidy 12 and margin 10 balance amt loan amount or project cost 40 less margin 10 balance 30 lakh loan amount? which projection is correct? pls explain Regards Thirumarn

CA's in practice cannot give advertisements. That's known...
Then how do they increase their scope for audit of firms?
I know personal connections help, but then any other way?
Please suggest......

I would like to know how much value would an individual with MBA in Finance have in a CA firm in the role of Internal Audit?

What kind of exposure and hands on learning experience can one gather in Internal Audit while working in a CA firm as compared to like the Big 4?

There is a capital expenditure of 2,42,000/- to increase authorized share capital...How should be this treated in books?is it fully written off during the year or that 1/5th for 5yrs?

How to Get Certificate from the Institute of
Chartered Accountants as full-time practitioner from the icai website.?
My uncle has been in full time practice sine 1990.... but he needs the certificate now.
Please comment.