1. why is balance sheet not prepared in this system?

2. " non cost transactions are fully recorded by this system". what does this sentence mean and signify?

3. Why do we have to reconcile profits in this system?

Hi all,

please let me know the approach to the study of MICS for CA final. It appears we need to write verbatim as per book. Though the paper appears simple, one is hardly able to score decently. Are the side headings to be remembered at any cost?

I would seek help from someone regarding the study methodology of this subject.

Thanks
Sai Krishna

hi... i am a CA final student. i Had exemption in MICS in nov 2006 attempt. Then i could not give may 2007 attempt. After that i gave nov 2007 and may 2008 attempts but didnt clear. Now wat is the position of my exemption in MICS? Further in May 2008 attempt i got 60 in indirect taxes. Wil i get exemption in indirect taxes???? I heard that one exemption is valid only for 3 attempts.

I FILLED ITR 4 TO IT DEP. I NOT GOT THE REFUND AND NOT FILLED 16A, IS IT NECESSARY TO FILE 16A BEFORE ASKING IT AUTHORITY OR CAN I FILE VOLENTARELY TO COMPLETE THE ASSESSEMENT

is form 16 a to be attached with return for the AY 2008-09

Coul someon pl temme a good book on "Commentary on Accounting Standards" where i can get d interpretation in lucid & simple language...

Can i get the rates of depreciation as per schedule XIV.the latest ones...

We made a pymt of commission of Rs. 250000/- on which forgot to deduct tds.

Now the transaction is been caught. On this we have to deposit TDS alongwith interest for the period.
Also the tds return is to be filed, which is also delayed and penalty has to be paid.

Question is, in which financial year this interest & penalty charges are to be booked as pertains to transaction related to last year..

WHAT IS THE MEANING OF WRIT PETITION.

can any one else let me knw whcih author is best for MICS.i have been prepared sujata garg( Taxman publishers.)but i lost my 2nd grp becse of this sub.suggest the book which is easy to study and remember.