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sivakumar hnv
This Query has 1 replies

This Query has 1 replies

Please clarify UPS Battery is an asset or consumable. I mean Exide battery for UPS is a goods or consumables. and explain how?


Preeti Tiwari
This Query has 1 replies

This Query has 1 replies

Hello
I am a student of ramanujan college,DU and i am in my 4th sem(will be completed in june/july). I am giving my ca inter group 2 exam in may.
i am really tensed whether i should continue college for 1 more year or i should quit it and obtain a diploma degree and continue with my articleship.
i have already talked with my college adminstration regarding conversion to DU SOL however they said that it is not possible as my college doesn't allow migration.
Now i really wanna know what to do? if i take 1 year gap can i get articleship in good firm?


PAPAIAH J
This Query has 1 replies

This Query has 1 replies

24 April 2024 at 09:47

Audit applicability for 44AD

I have done buisness for last 3years and I have declared income under 44ad for those 3 years. Now I left the buisness. Whether I need to get audited for next year
1.if my income from all other sources exceed 2.5 lakhs???
2. If I got a job and my income exceed 2.5laks???


Bharat Kulkarni
This Query has 4 replies

This Query has 4 replies

07 April 2024 at 16:03

Writing off trade payable

A company that has received a legal notice to pay money by from their creditor. the creditor claim is recognised as trade payable. The company wants to write off the debt to save liability. what process as auditor i should follow and is any declaration is required from company?


NANCY
This Query has 1 replies

This Query has 1 replies

If we are calculating profit prior and post incorporation.
Where will we consider audit expenses ?
Can we consider it a post incorporation expense ?


Pawan Kumar Naidu
This Query has 2 replies

This Query has 2 replies

06 February 2024 at 16:54

Irregular availment of Input Tax Credit

Hi,
I filed my feb 2018 GST returns in March 2019 . As per the GSTR-3B
returns by violating the provisions of section 16(4) of CGST Act, 2017).I have received show cause notice, I have already closed my business. Further I can pay the principle liability but the interest amount is farfetched, can you tell me if I need to pay interest till date.Is there any way to avoid it


Meghna
This Query has 1 replies

This Query has 1 replies

30 January 2024 at 16:01

Clause 44 reporting under Tax audit

Under clause 44 one bill has two components Taxable supply and Non-taxable supply then Non-taxable value where to report under Exempt supply or other inward supply .

1. Exchange service bill of 100 but under GST taxable value is only 30 then 70 rupees supply how to report Exempt or other inward service .
2. One bill has reimbursement of expenses on which GST is not applicable then how to report reimbursement of expenses under exempt supply or Non-taxable supply under clause 44


Sulafa S.V
This Query has 3 replies

This Query has 3 replies

Sir, Can you please tell me what is the treatment of profit on sale of fixed asset in income tax as well as in the books of a company?
Is this included on deferred tax calculation?
Please help me on this.


Pushpendra Kushwaha
This Query has 1 replies

This Query has 1 replies

When calculating CSR expenditure under Section 198, should the government grant received for capital expenditure be treated as part of the profit? If so, is it the entire amount received during the year, or should it be based on the amortization amount reflected in the statement of profit and loss for the year?


Neha Gupta
This Query has 1 replies

This Query has 1 replies

23 December 2023 at 13:14

80JJAA audit report

Hi,

Company's return is filed within due date with the 80JJAA audit report but CA accept the audit report next day after the return filing, and later on CPC sent email for proposed adjustment and disallow the whole benefit of 80JJAA. Can we do anything here?