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RITU GARG
This Query has 3 replies

This Query has 3 replies

25 May 2009 at 14:31

confirmation of fixed deposit

Do the bank give confirmation for fixed deposit held as on 31.03.2009.please reply as soon as possible


Ravi Prasad
This Query has 2 replies

This Query has 2 replies

23 May 2009 at 12:31

NSC

dear all,
If Invested in the months of March 09 in NSC...whether we need to take accrued interest for 1 months ?
what is the consequence(taxability) when the same got matured ?


saikiran
This Query has 1 replies

This Query has 1 replies

22 May 2009 at 17:17

valuation of asset

when I go to check initial engagements as per AAS-22.In previous year the depreciation policy was changed by the organisation from companies act to income tax act. It does not take with retrospective effect. It directly applied income tax rates on WDV values.However they are mentioned in the notes to accounts as "during financial year now on wards rates of depreciation is taken as per IT act?But I have doubt as per Accouting standards when changing the depreciation rate(changing accouting policy)it will take with retrospective effect.Plz clarify me?


saikiran
This Query has 5 replies

This Query has 5 replies

22 May 2009 at 17:06

Printer in computers

My client company Purchases 3 HP printer in last year it shows under the head computers & others and claim depreciation @60% Will it correct? I have doubt why don't we shown under Office equipment Plz clarify me?


Girish
This Query has 1 replies

This Query has 1 replies

21 May 2009 at 18:05

Cost Audit

Sir,
Can a qualified CA conduct Cost audit?
or only CWA's?

Pls clarify,

Regards,
Girish


Kailash Agarwal
This Query has 2 replies

This Query has 2 replies

Some equity shares warrants to be converted into equity but could not converted so cancellation of these warrants would be treated as capital transaction or revenue transaction and applicability of AS 5


Pranay agrawal
This Query has 3 replies

This Query has 3 replies


Dear Sir,

pls let me knw if there is any responsibility or liability of Internal Auditors towards Statutory Auditors..???
Are internal auditors required by any AAS/ SA to answer statutory auditors on any matter compulsarily.
In AAS-7 it is given when a Statutory auditor can rely on Int aud. But i could find nowhere about the above topic.

Pls reply asap.


regards
Pranay


Prakash Jasani
This Query has 3 replies

This Query has 3 replies

19 May 2009 at 17:42

Due Date of Stat Paymt.

Pls. let me know what is the due date of folowing payments in maharashtra state.

Profession tax (e.g. april 08 salary paid in 07/05/08 & booked in same date also then wt is the due date)

Octroi (wt is rate and basis of paymt.i.e. mthly, qtly, yearly also tell me)

Labour welfare fund




saikiran
This Query has 1 replies

This Query has 1 replies

18 May 2009 at 22:49

Depreciation treatment

My company follows depreciation as per companies act from starting which is low rates.But now it wants to follow depreciation as per IT act.If company changes to it. Will it be done with retrospective effect or not?If yes then the most of the assets will show a low balaces in Balance sheet. even some assets shows negative balances.so what can I do in this situation.Plz suggest me? thaqs in advance.


saikiran
This Query has 1 replies

This Query has 1 replies

17 May 2009 at 02:33

Debtors treatment

In my clients books some amount nearly 94Lacs is outstandig from 1999-2000. That was carryforward in Debtors which is o/s from Govt for the project.Last year it received 3 lacs. What treatment should be given to remaining Outstanding amount that amount it will be writeoff from books or it will continue as debtors.My client says it will definitely received but takes some time?and it was a Engineering staff training institute and it also carries Some Research for newly introduced schemes of govt.For that it receives fee!






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