Dear All,

First of all, wishing everybody a happy new year!
I would like to invite suggestions about what to study after completing CA.
I completed my CA in May 2011 and am employed in an MNC since one year taking care of all the work relating to our field including direct liaisoning with our consultant Big 4 audit and taxation team, taking care of accounts, legal compliances e.g. RBI reporting and so on. I am happy with my role since i'm at the helm of all core finance and accounts affairs. But i'm not in a managerial designation, neither am i getting a good compensation.
I would like to advance my career.
Planning for further studies seems a good choice since the job market is down.
The two options that come up instantly are MBA and CFA.
But i'm confused as to what i should pursue - either of these or something else?
Kindly request all the knowledgeable experts here to guide me as my career right now is in a shambles.
If i stay at the same organisation i will no doubt have this nice position but advancement both in terms of designation and remuneration will be very slow.

Best regards

As per the notification dated 8/02/2011 schedule XIII is not applicable to non listed public limited companies and central government approval for the same is not required.

In this scenario the limit specified in sec 309 for 5% and 10% is applicable or payment can exceed this limit and still no Central Government approval is required.

Dear Sir,
I want to add one director in Pvt Ltd company since 01/04/2012 and retire other one director from 05/11/2012. I want to know that can I file both the addition of director and retirement of director through One form 32.
or I have to file seperate forms..???

Any one please tell me about the process of e-filling of VAT,TDS,TCS,CST RETURN.&
how can i fill the return through on-line.

In my office I do all accounts on cash basis i.e. all payments of Dec to be paid at Jan and I make entry in Jan. But now I was told that all expenses for the month of Dec to be taken in Dec as Outstanding and then it is provided in Jan. So according to office Rent for Dec to be accounted for like:

Dec
Rent A/c...............Dr
To Outstanding Rent A/c

Jan
Outstanding Rent A/c
To Bank

I told office that I'd make this provisional entry in March. Then I was told to be confirmed whether taking all outstanding provisions in March only is correct process or not. So Please advise whether my accounting process is correct or wrong? Should I make all outstanding provision every month or only March is enough?

A bank loan of rs50000 against debtors is under negotiation.

prepare Bank Reconcialiation Statement

Balance as on 31st March 2005 Rs 20000 in Pass Book
1. Electricity bill paid but not recorded 1000
2. Cheque deposited but not recorded Rs 2500
3 Cheque issued but not deposited Rs 3000

Find Balance as per Bank Book

Manish Industry purchased a machinery worth Rs 50000 in 1st Jan 2004.They charged depriciation at 10% p.a on 31 Dec every year.On 1st OCT 2006 they sold the machinery at Rs 60000.Calculate the profit on sale of asset
Calculate Depriciation as per WDV and SLM

Hi,

My friend has got 143(1) notice for the AY 2007, could you please give details on will he be liable to pay tax what is mentioned in the notice. when will the 143(1) notice becomes demand notice to pay the tax.

Point is he never received the notice phisically but in the E-filling site the demand outstanding section tax is due for 2007 AY and 2009 AY under 143(1).

Please help us in this regards

I took a personal loan from a bank and gave as loan to my wife's pvt ltd company. The terms will exactly be the same as that between the bank and me. As it's not an income for me (principal + interest comes to me and goes to bank). Could I have an agreement with my wife's pvt ltd company that no tax be deducted at source.