hi friends....
i would be pleased if you post a link (or) file for checklist of voching and general checklist....
please

I wish to know the qualification & Qualities of CEO's

Thanx in Advance.

Hi,



We have a client who have purchased a land from a ECB loan borrowed for this purpose. Can the Interest on ECB loan be capitalised? Is "Land" a qualifying asset under AS 16 for capitalisation of Borrowing Cost?



Vidya

DESCRIPTION OF THE CASE:


· The Transactions happened in the year 2001-02


There were 3 Companies in existence. Company A, Company B and Company C. Company A and B were merged/amalgamated with Company C. All these companies were having businesses in trading and distribution (not involving in any software or allied business)

The scheme of amalgamation was Assets and Liabilities of A & B were taken over by C at their book values.

Over and above this Shareholders of A and B got certain shares in C in the specified proportion and value.

Company C created Goodwill Account equal to difference of New Value of shares in C less Old value of share capital in A and B put together.

There were no transactions in cash or by cheque towards Goodwill creation. Consideration was only by way of issuance of shares in C.

Opinion required on:

1. Does this Goodwill attract any Sales Tax in the year 2001-02. If yes at what rate?
2. Company C’s Sales Tax assessment completed and order was passed for the accounting year 2001-02.
3. Under Amnesty scheme 2004 Company C paid the differential amount (aspects other than the aforesaid Goodwill) on certain other discrepancies pertaining to year 2001-02.
4. Considering aspects/developments 2 and 3 above even if ST is payable on Goodwill, whether the same can be claimed by the department now.

hai this is harini am student of ca pe2
i gave attempt this month for pe2.
no dpubt i will fail.my last attempt is on may 2008.am planning to convert into pcc.can i jump.if i change pe2 to pcc when will be my 1st attempt to write exams.please suggest me am not understanding anything

i want to ask what are good ca firms in delhi nd ncr for articleship....... nd wats d procedure to get into them.......

Sir,
i Cleared my CA Final in May 2007.My articles would be over only in April 2008.So i would be able to attend my campus only in March...I would like to know your valuable advice regarding preparing for campus as i would like to come out of it in a colourful manner.. also please tell me what r my chances of getting a call/selection from a good co. such as reliance/TATA...what r things i should further study/ look into in order to do well in the interview.. i did PE II after my b.com...cleared PEII in my second attempt..in first attempt i didn't flunk in any sub.. but didn't get group total in both groups...Final i got through in my first attempt with 417...I am more interested in financial sector....So please tell me a good book or articles that i must go through...Waiting for ur valuable advice....

can u please tell me which section of Companies Act deals with preoperative expenses, its treatment etc...Such as whether to be capitalised etc....

Thanks for giving ans of my prev.query.Kindly ans my other query Can a Firm in which he/she was paid assistant stop him/her for joining in a new co/firm/self practice on the ground that they havn't recd resignation letter,even though he/she had send the same many times thru registered post but firm refused to accept it.Matter is in dispute,therefore kindly give the ans that what is the status of that CA in ICAI Law and what he/she can do for solve that?How longer this matter can be held pending by the ICAI?What will be the status of CA in next Year Jan08-Dec09?

Hi,

May I request you to provide me the some consultants (Name , Adderss, Email/Phone) based in New Delhi having expert knowledge in FCRA. Myself Anil Krishna, Chartered Accountant working as a Finance Manager in an International Not-for Profit Organisation (NGO).

Thanks for your support.

Anil Krishna