Dear Experts,

We are the first auditor of a Public Ltd unlisted Company. We were appointed within 30 days of Incorporation of company, but we have not yet filed Form 23B to ROC.

1. Is it necessary because it is not mandatory for the first auditor to intimate ROC about his appointment? Please clarify?

2. If filing is necessary then if we file Form 23B now, there is a late fine charged by ROC, how can we avoid it?

if DPM DOA are not entered but depreciation is claimed in P&L & B/S will rise to increase in tax in ITR utility

and accordingly due to negligence ITR was filed & a demand notice equalling to tax amount on the dep was served to the assessee.

moreover, return waas filed on the last date of A/y (belated return)

So return cannot be revised or rectified either because dep has given rise to change in GTI

Now what is the possible solution??

Moreover, Depreciation is mandatory to claim, i think deptt cannot merely disallow it by non filing of DPM DOA

Dear Experts,

During the FY 12-13 year closure we have created provision for expenses for Rs 10 Lacs and TDS of Rs 1 Lacs has been deducted by passing the entry
Dr Expenses 10 Lcs
Cr Provision for exp 9 Lacs
Cr TDS us 194 J 1 Lacs.

In the month of Apr'13 also we have not received the invoice copy's.

Now how to make the TDS payment of rs 1 lacs.Can i pay TDS against provisions directly?
Should i wait till i get the bill? what about the Interest and penalties i.e 1.5 % PM etc..
Is there any way out to avoid the interest costs?

Best regards

Respected expert panel
I am doing my articleship from Delhi and this is my first year, i am thinking of getting transfer ,and thinking of doing my articleship from Kerala.
please can you suggest me the necessary steps to follow, what documents are to be filled and submitted and also please can you tell me the time limit within which i should join the next ca firm after getting the signature from principle
thanx in advance .

Hello Friends,
My queries are:
1.Can a seller of a immovable property transfer a valid title through a PoA on behalf of other co-sellers?
2.Is such PoA required to be registered?
3.What if all the sellers are immediate relatives?
4.What should be value of stamp duty?

Thanks !!
Best Regards
Manish

I d like to know what all courses are available after clearing ipcc both group ... i am in sybcom now in mumbai university but i dont want to waste next 2 years of articleship by doing nothing special other than grad
Any suggestions

Hi,

We as Employers have missed depositing a part of the salary TDS deducted (for FY 2012-13). We did pay the other part TDS Challan on time (before 15th May 2013 for Financial year 2012-13) and TDS return was also filed.

Some Rs. 50,000 TDS (pertaining to a single employee, whose record is included in the TDS return filed i.e. 24Q) has been missed. We know it is a big mistake.

Now is it possible to pay a new TDS Challan (pertaining to this amount with interest and any penalty due) and then correct the TDS return filed at TIN Facilitation centre.

If such correction is possible, will we be able to get corrected Form 16 (from Traces Portal)?

Please advise. Any help will be great.

Regards, Atul

suppose a company get bill from a shipping company as on 15.03.2013 (when shipment move ) and he raised the bill to his customer as on 10.4.2013 (when shipment reached )

1)so where to book expense and income in f.y 2012-13 or in 2013-14

2)so now here if he record that expense as on 10.04.2013 against it's income ( as per matching concept )

3)it is right way to book the expense and income or it is prior period item

4)is here matching concept and accrual concept are conflicting

because as per accrual concept when expenses accrued we have to book but as per matching concept income and expense should be record in the same financial year

thanks

Best self-study book for basics or fundamentals in accounts
Dear CA club members,
I am a CA-IPCC student, appearing for Nov 2013 exam for both groups.
I am aspiring to proficient in accounts, as Accounting is a subject which is highly demanded in a profession of CA.
On contrary I am not well versed in the subject of accounting, (even lacking in basics) I am seeking guidance from all CA club members to help me by suggesting , to self-learn all basics of accounting.
I request all of you to suggest me with the best book for:
Self-learning, also be proficient on: Basics/fundamentals of accounting.
Which could form a foundation for IPCC accounts and advance accounting. Also endeavouring to gain good marks in above mentioned subjects of IPCC
Which could include all basic and even minute details. With full of examples or illustrations.
I humbly thank all CA club members in advance. Have a great day.

HI EXPERTS, MY BUSINESS SALES TURNOVER IS 5848661.00. BUT IF I INCLUDE 411802.00 TAX TOTAL BECOMES 6260463.00

SO MY QUESTION IS IF I INCLUDE TAX THEN IM LIABLE FOR VAT AUDIT. AND IF NOT THEN IM NOT LIABLE FOR VAT AUDIT.

IM NOT CLEAR WHETHER TAX HAVE TO BE INCLUDED OR EXCLUDED.
KINDLY REPLY URGENTLY EXPERTS..