Anonymous

pls. let us know when i will be getting my registration number of ipcc registered on 23rd august 2016? without it i m not able to get registered myself for ITT AND ORIENTATION TRAINING.if i wait more then seats of itt and orientation training will be filled up.so plsss help in this regard

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CA Ankith Jain
24 September 2016 at 12:18

Stock inclusion in profit

Dear all, a very simple question, can anybody tell me why opening stock and closing stock are considered for deriving profit? Ex: sales closing stock-opening stock-purchases-cost=profit. Whereas actually the profit is sales-costs.So why stocks are considered

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Anonymous
24 September 2016 at 09:41

Deduction of theft

Dear seniors,
I am in proprietor ship concern an incident occurred with me actually i was carrying cash of 20 thousand (business money) however i am not sure weather cash been stolen or fall
anywhere. My query is weather this loss can be allowed as deduction in income tax, if yes under which head,

Warm Regard
Atul Somani

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Anonymous
24 September 2016 at 09:24

Director remuneration

Dear All,
Please clarify Weather director remuneration can
be disallowed u/s 40A(2)(b) or not as company is giving Rs. 1 lakh to its directors,

Thanks,
Anil kumar

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Anonymous

IS TAX AUDIT MANDATORY IF GROSS TOTAL INCOME IS LESS THAN 250000 EVEN THOUGH TURNOVER IS GREATER THAN 1 CRORE

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Anonymous
23 September 2016 at 15:10

Caro 2016

HELLO EXPERTS;

ONE OF MY CLIENT HAS TAKEN LOAN FROM FINANCIAL INSITUTE OF AMOUNT MORE THAN 1 CRORE AND HAS PAID UP CAPITAL AND RESERVES OF MORE THAN 1 CRORE. HOWEVER TURNOVER IS BELOW Rs.12 LACS.

AS PER CARO 2016 THE WORD AND IS USED BETWEEN ALL THE THREE CONDITIONS

MY QUERY IS THAT ,
1) WHETHER CARO 2016 IS APPLICABLE TO MY CLIENT. ....?
2) WHETHER ALL THE CONDITIONS ARE INDEPENDENT OR CUMULATIVE. ....?

WORDING USED IN CARO 2016;
a private limited company, not being a subsidiary or
holding company of a public company, having a paidup
capital and reserves and surplus not more than
rupees one crore as on the balance sheet date AND
which does not have total borrowings exceeding
rupees one crore from any bank or financial institution
at any point of time during the financial year AND which
does not have a total revenue as disclosed in Schedule
III to the Act, (including revenue from discontinuing
operations) exceeding rupees ten crores during the
financial year as per the financial statements.

THANKS IN ADVANCE

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Yogesh Johar

can anyone tell me the procedure to revise the return which was filled after the due date of return for a.s. 15-16

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Bimal Bhaskar
23 September 2016 at 09:00

Registration of articleship

sir;
I have joined my articleship in june 2016 but have not submitted my form 103 because I have not received my marksheet till now, I have also made an application for receiving my marksheet, kindly suggest me how shall I be able to submit my form 103

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Raghav Aggarwal
22 September 2016 at 22:02

Coaching of itsm

Dear experts, kindly pls suggest me renowned faculties for itsm in IPCC group2...

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Swaraj
22 September 2016 at 12:39

Cenvat Credit Utilisation

Can a company if it wants may not utilize cenvat credit for a particular month even though it has credit available to be utilized? If yes why would a company go for not utilizing cenvat credit or how it would be beneficial for the company to pay taxes without utilising cenvat credit ? Regards and Thanks in advance..

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