One of the Company is writting off its assets fully. i.e If an asset is of Rs. 100/- and applicable dep. rate on slm basis is 5%, then in 20 years it will writte of the entire assets. At the end of 20 years, asset will be off zero value, but it would be existing physically.

My query is, whether treatment done by company is correct.?

Is it MANDATORY for a company written off an asset to only 95% of its value, or company at its discreation can writte off fully.

Pls advice by quoting rlevant law /as reference.

can anyone pls. throw light on CIA course with regards to future prospects.

I have completed my CA in nov2011 and currently working as an Internal Auditor.

1) So do i go for CIA or not????
2) If in future i join industry then it will carry weight-age for me to climb corporate ladder???

pls. share ur valuable views but pls. don't provide the course details / material.....

WHAT IS THE LAST DATE OF INCOME TAX AUDIT FOR INDIVIDUALS & PVT. LTD. COMPANY

I WANTED TO KNOW WHICH BOOK WOULD BE THE BEST
FOR DOING SELF STUDY OF AUDIT & ISCA FOR CA FINAL

Hello,

I am a C.A. Final student and am confused about how to go about the Audit paper, means how to prepare it and from where. At PCC level Audit gave me a tough time and I am worried that the same situation should not arise at the time of Finals.

Please Help.....

hi, i have recently qualified my CA and now i want to establish my own practise in bank audits. I would be higly thankfull if somebody tell me the procedure to get bank audits either it is concurrent audit, revenue audit or stock audit.

Hello frnds,
I want C.A. CERTIFICATE FORMAT for submission in bank for hypothecation of stock and for CC limit runnung in the bank.

How i can go through this procedure..? I mean, before certifyng, what procedure should i have to follow?

Thanks.

kindly define current and noncurrent assets/ inventory in accordance to the revised requirement of the sch vi of the company act




bibek

Sirs and Friends,

Bills in our company are booked very late for eg if the bill is of April the same might b booked during September/October, now this basically happens bcoz the bills are checked by the merchandisers and then passed on to accounts, many a times there are heavy debit notes passed by us so unless and until it is checked we do not pass any entries in books, is this method feasible or we should opt some other method of accounting. If we book bills as and when we receive on provisional or some other basis then it will affect the profit and simultaneously the calculation of Advance Tax will get affected. bcoz the bills take a long period to get cleared by the merchandisers. What are the positive and negative aspects of booking the bills before they are checked. Please let me know

DEar Sirs

Our organisation is a charitable trust . One member of this trust is working outside india . At the time of retirement he get pension in dollars. he invested the dollars in the trust"s bank account & converted into Indian rupee .Whether the trust needs FCRA registration ?