Dear Sir,
Most recently in the course of scrutiny assessment u/s 142(1), It appears to me that the assessee got civil contract from one of his relatives in the year 2002-03.Against this contract assessee received time to time advance money and showed the same on the Liabilities side of Business Balance Sheet and work done on contract on asset side of Balance Sheet as Work-in-Progress.This continued upto F.Y.2009-10 by that time assessee received RS,18lakh as advance and spent on contract 23 Lakhs.But from F.Y.2010-11 Accountant showed this on Liabilities side of Personal Balance Sheet leaving the WIP on Asset side of Business Balance Sheet.Now my question is that I.T.O. can considr this as concealment since the advance received transferred from Business Balance sheet to Personal Balance Sheet.Plz.reply with case laws.

I m preparing account by self study so suggest me book for that. nd its include Accounting Standard or not that I want to know. or for that should purchase another book. plz suggest me..

I hv done plus two in commerce without maths..and got 54 percent in bcom so coaching required for preparation of cpt or not??

sir pls refer which books is best for ipcc both groups

How to develop a professional attitude? Decided to have a professional career in commerce but what professionalism is all about? Do we have to adapt it in another way or the professional courses are complete in itself? Professional is a big word for me, what comes in my mind hearing this word is ethics and related behaviour. I am 18, how can I develop a professional attitude and how can I practice it in my daily life? Thanks in advance...

how to obtain prior permission of institute to transfer of ca articleship in 2nd year

Is compliance of Companies law is also the duty of internal auditor??

i want to know how can manage of director loan, his personal expenses, etc. in our books. should i create a separate company in tally or show in director's loan accounts.

sir,in my 2nd year,I registered for cpt and get an SRO number....But I didn't write exam...after my graduate I apply for Ipcc...I pay 11,200 with conversion fees 500(total-11,700) by DD to ICAI...when,I fill application form,I lost my old SRO number and I didn't remember old SRO number and my institute also didnot have any records about my old SRO number...So,I Didnot give my old SRO number in the application form...but i paid conversion fees...pls give me suggestions for that sir..IT CREATES ANY PROBLEMIN FUTURE?

Dear expert,
I have paid income tax for the first time. Now i need to do efiling. But I do not understand where i should put the professional tax amount deduction, which is 2496 for the financial year 2013-2014.
Thank you