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..

Expert,

WE RECEIVED DEMAND NOTICE FROM DEPARTMENT
WE FAILED TO MAKE APPEAL( WHICH IS REQUIRED TOBE MAKE WITHIN 2 MONTHS TO COMM.(APPEALS)).

NOW IF WE WANT CHALLENGE DEMAND NOTICE THEN WHAT CAN WE DO ???????

PLEASE REPLY.....

A PCA's wife is a director in a builder co.Foll are the queries

1) Can the PCA do BUSINESS..? If so what shld be his principle role or stake in such business like his investment, involment, loan. what if his relative/s have substantial interest in such business.

2) How would his retainer or remunertion be structed and any resolutions to be passed for his appointment, any disclosure requirements under cos act and other acts or CA regulations, etc

3) Whether he can be part of the BoD's of the co in which his wife is a director, what could be the issues to be looked upon under cos act, CA regulations or other.

4) Can a PCA be an executive or non executive director? if so, what are the disclosure requirements before ROC / IT / CA regulations..

Any other issues to be looked upon pl suggest.

If we have paid TDS on wrong TAN no. then is there any procedure to get refund the same or rectify the mistake by transferring the same on right TAN no.

hello friends,
which is the best self study book on financial reporting(ca final),paduka or p c tulsian or m p vijay kumar or some others ?

I have to file a Income tax return for my assesee online for the f.y 2010-2011 [ A.y 2011-2012] i.e year ending 31.03.2011

will i be able to file, is Income tax site is accepting return for this year


Thanks

I invested 15000 p.a in max newyork life insurance since 7 years,
but in March 2012 i withdrawal the policy and co. refund some of Rs.100000/- against the amt of premium which was i paid.

my que.is this refund amt taxable or not in income tax ?

Dear Sir/Madam
One of my Client's Husband met with an accident and died.
After His wife received commuted pension rs.359600 and Group insurance amt 5000000.
other life insurances 3000000.
Gifts from His Husband's Friend for death ceremony amt rs 90000.
PPF also received.
pls help me to calculate the tax liability of in the hands of wife.