Dear Experts,
I was partner in a CA firm and on my behalf firm was statutory auditor of some companies. But in Dec,2020 I have resigned from partnership firm and have created my own sole proprietorship firm.
My question is should I have to file form ADT-3 and than ADT-1 form to transfer audit from Partnership firm to my sole proprietorship firm, or filing only form ADT-1 is required.
Further for what period will be ADT-1 filed i.e. for 5 years or for remaining period.
Dear Expert,
My client is proprietor and two difference business. one is retailer business(trading) and other one is contractor/developer. he wishes to pay GST under composition scheme for trading business and regular GST rate for real estate business. Can the same we can do???. IF yes whether we need to apply for 2 GST number (one composition and other regular GST number).
Also for calculating Rs 1.50 crore turnover for composition scheme whether both business turnover will be included or only composition(trading business) turnover will be consider.
SIR,
WHAT IS TRAINEE EMPLOYEE ENTRY ON SALARY. PROVISION & PAYMENT.
Dera sir/madam
if partnership firm is having loss of 75000 in f. y 18-19 and there are three partners and want to take benifit in income tax in f. y. 2019-20 what are the entry to be done in accounting software
following expenses are incurred before commercial production
1) Technical consulting & training for machine
2) Pre-Operative salary
3) Legal fees
4) Training
5) Trial Run
6) Consumable & Material CWIP for trial run
All above is showing under capital work in progress
Tell Us what is treatment of above for capitaliation after commercial production start
and if amortise then in how may years along with entry
please guide
Dear Experts,
If the current price of a brand new 850 sq. ft. apartment in a gated society is a 100 bucks ,
then what would the approximate current price of the same apartment be,
in real terms after calculating depreciation,
if it were to be 25 years old?
Kaushik.
AS PER RBI CIRCULAR 6 AUG 20
"No bank shall open current accounts for customers who have availed credit facilities in the form of cash credit (CC)/ overdraft (OD) from the banking system and all transactions shall be routed through the CC/OD account"
We have CC Account and Current Account in Multiple Banks.
We have receive notice from our one of the bank of close current account where we have CC Facility also.
Whether we can insist our Bank not to close Current Account where our CC Facility is also there.
Dear sir,
I need a sample letter for transfer on the ground of principal giving up his COP.
Please help me and will i get transfer easily or ICAI can restrict my transfer in any case?
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