Please consider this case:
A co. A Ltd. being known of the fact that they will realise nothing from debtor in the coming periods, instead of this they are not Taking any provision in the books for the same.
So i want to know its treatment in the Audit report?

Sir,

I wanted to Know the Exact Treatment of Preliminary Expense and Preoperative Expense which are being Brought Forward from Previous Years and Those which have been Created During the Current Year as per Revised Schedule - VI for Private Limited COmpany.

Would there be any change in treatment for Public Limited Company.

Thank you well in advance

Dear Members

An Assessee doing Share Farward Trading during the whole Fy-2011-12 He was Purchased and sold shares nearly 5 Crores at this situation He is Liable to get Audit his account u/s 44AB or Shaort Term Capital Gain and Speculation Business

He was Doing 5 Crores Purchase and Sales for the FY-2011-2012 and he is also loss Rs. 5 Lakhs

1.) 44AB Applicable

2.) Shaortterm Capital Gain/Loss

3.) Speculation Business Profit/Loss

Please tell which is applicale to him

Thanking you

My client is having a sales turnover of Rs. 20 Lacs and purchases turnover of Rs. 15 Lacs. But apart from the above during the financial year my client has purchased the machinery of worth Rs. 250 Lacs. Therefore I want to know whether he is liable for Tax audit or not? As due to depreciation he is having loss return and therefore I want to confirm the due date of filing of return.

while doing audit of a firm , i found an expense of the month of march'11 via credit card . bill was received on 5th day of april'11 . but the provision for the same were not been made . the same bill was not paid in the month of april'11 , was paid in the month of may'11 .
pleas solve the query while keeping the law of income tax act .

Client: service provider
monthly payments made by client to a contractor as follows
electricity expenses: 39503 (vary month by month)
water and charges: 2000
maintenance: 16165 ( same in every month)
service tax: 1665 (only on maintenance portion)
payment made to contractor in a month:59333

my question is on which amount tds would be deducted i.e, only on maintenance portion or on total payment of Rs. 59333.

if contractor has charged surcharge for late payment then whether tds would be deducted on that surcharge (late payment charges)

and what is correct treatment of that surcharge i.e, how to adjust this late payment charge.

I am a CA FINAL student and undergoing articleship training now.I have heard that articleship is a very crucial period and you must utilise it efficiently for your development.Those who are not undergoing articleship are not competent.I want to know what are the things we must learn during this period and how articleship can help us in the corporate world?

Sir i would like to know that my client has paid around 8 lakhs Rs. in cash for purchase some land....is it permissible ?? and my client has paid no of Tour advances exceeding Rs. 20000....Indirectly i.e, through Tour advances co. is paying amount exceeding Rs. 20000 to different parties....whether expenditure incurred will be allowable for deduction under incom tax or not ???????

what is the meaning of draft paid without advice

i am a chartered accountant practicing in Delhi. i am finding it difficult to get clients. so what should i do?