Sir,

Can you please tell me that should i take the job of Back end process in operations or finance of a renowned company?
Actually i am in CS Finals and on payroll in a listed company already.

Is Cash Credit Facility from banks for working capital a part of current liabilities?

In the old schd VI it was shown under the head Secured Loans but in the revised Schd VI it has been covered under Current Liabilities .

By taking the Cash Credit in Current Liabilities, it adversely effects to derive the net working capital (Current Assets-Current Liabilities.)

pl clear the status at the earliest.

thanking you

Respected Sir,

My query is that how much % of donation could be availed on donating 10000 Rs in cash to arya samaj mandir by a private company.


Thank in Advance

Hello Experts,
one of my client is paying his contractors following Amts:--
1 fixed monthly contract amt.
2 local conveyance exp
3 printing & stationery exp.
4 tea & water exp.
5 office exp.

all these bill are in the name of company not in the name of contractor
But company gives cheque in the name of contractor.
my query is that u/s 194c on which amt tds will be deduct?

Thanx & regards
Harshita Gupta

i have some confusion regarding following matter because as I have discussed the matter with different people , their views are different -
Some people say ( including practicing c.a and advocates) that if I am maintaining proper books of account and my turnover is less that audit limit, I do not need audit even if my net profit is less than 8%, Is it right?

Whether it is mandatory to get the due diligence certificate done by a PCS or the CS in service can get it done and sign

Dear Experts,

Suppose, I had Purchased immovable property in year of 2000 for Rs. 10 lacs, on which I had paid Rs.10,000 as stamp duty. However, in year of 2002 Stamp value authority calculate value of that property as Rs.12 lacs and therefore I had paid Rs.2,000 additional stamp duty.
Now, in case I am going to sale such property then what will be my cost of acquisition for calculation of capital gain, whether Rs.10 lacs+Rs.10000 OR Rs.12 lacs+ Rs.12000 ??

Thank you in advance

Dear Expert,

I am going to apply for PAN card of my wife. We married last year but there is no proof available in my wife's name because we shifted into another city.

I have rent agreement in my name as well bank account in my name but my wife doesnot hold any address proof in new city .

What documents required for her to apply for pan card.

Give me practical solution so that i can apply for pan card

respected sir,
i have started a new retail business on 01-04-2014.already my gross receipts have cross 10 laks .so as per sec 44aa of income tax act i have to maintain books of occunts for the purpose of determination of income.my gross receipts will not cross one crore and at the end of the year i want to declare my income under sec 44ad.now i want to know form experts that
point no.1.as my gross receipts crossed 10 laks i am liable for sec44aa
2.once i declare income under sec 44ad , sec44aa becomes inefective on me .
please discuss

I am working as an accountant in Punjab State Power Corporation Limited. Service Tax Return for the last half (from 1 apr 13 to 30 sep 13) is filled by advocate.I want to file the return for the next half (from 1 Oct 13 to 31 mar 14)himself. I have already registered with aces.gov.in.After logging into the ACES under RET module "file return" option is not displayed.Whether i can file the return himself.