Hii
Can you explain me the treatment of 'Provision for Bad debts' in Cash flow statement under indirect method?
My assumption is that the prov. debited in P&L A/C is to be added back as non cash item and the changes in the Balance of the Prov. A/C as per the Balance sheet is to be added or subtracted accordingly as 'Changes in Working capital'
Is my assumption right?
Pls explain with a suitable example

Thank you
Jai Ganesh A
(Student- CA-IPCC)

Respected Sir,

I done my sales through swiping machine which is linked to my sbi a/c and it is closed by sbi bank and issued new account in place of old account.From 01.09.2016 to 31.03.2017 all sales amount of Rs 35 lakhs are done through old account.For the above period my old account is closed and my banker transfer this amount on may 2017 in new account .so at present how to show these transactions in my Financials for 2016-17.

there is applicable sec. 87a for ay 2017-18 ?

DEAR SIR,

MY COMPANY IS REGISTERED IN ROC ON 27.02.2014. I WILL NOT APPOINT STATUTORY AUDITOR FOR THE FIRST YEAR I.E. INCORPORATION YEAR OF THE COMPANY BUT I WILL FILE ANNUAL RETURN FOR THE SAME YEAR WITH ROC. I WOULD LIKE TO KNOW THAT BEFORE FILING ANNUAL RETURN OF MY COMPANY WITH ROC FOR F.Y. 2013-14 I.E. INCORPORATION YEAR, IS IT POSSIBLE TO APPOINT STATUTORY AUDITOR FOR F.Y. 2014-15 & F.Y. 2015-16 WITH ROC?

THANKING YOU,

Hi,

If anyone can upload a filled copy of form 107 it will be very helpful. First page of the form is too confusing.
Request you to revert ASAP.
Thanks.

Is hsn wise purchase summary required to be filled in for all assesse or assessed with turnover of less than 1.5 crore avoid it

Hi,

I have a query for payment of GST after relief given by the Government on filing i.e.on quarterly basis.
Under said amendment goods/ service provider has to file their return on quarterly basis, payment of GST shall also be quarterly or it will remain same monthly?

pl advise for audit form no certified by chartered accountant for claiming deduction under section 80IBA

FACTS OF CASE TURNOVER OF FNO TRADING=12.00 LACS
ACTUAL PROFIT =00.20 LACS
CAN WE DECLARE A PROFIT OF 8% UNDER 44AD TO AVOID AUDIT AS THE ASSESSEE HAS NO OTHER INCOME.

where to show RCM under GST under inward supply for GSTR-2
For 12 notifed services
Other than 12 notified services
My query is that
3,4A -inward supplies received from registered person including reverse charge supplies
or
4 B inward supplies from an unregistered person.
please reply this question.