CA Sanat Pyne's Expert Profile

Queries Replied : 2506

About me

I am Founder Partner of S PYNE & ASSOCIATES (CA firm) and is one of the most esteemed members (Fellow) of the coveted Institute, “The Institute of Chartered Accountants of India”. I am B.Com (H) & M.Com. from the Calcutta University. I am also a certificate holder of the following certificate Course .

• Concurrent Audit of Banks.

• Forensic Accounting and Fraud Detection(FAFD)

• Public Finance & Government Accounting

• MSME &START-UP

I am having 23 years of experience in the field of Financial Accounting, Auditing, Taxation, Forensic Audit ,MSME & STARTUP,Finance, Business acquisition and Corporate Compliance.

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Shiksha Puri says : moa and aoa draft
Can u plss provide me with a draft aoa and moa for a live events private company asap

Sharat Bhat says : Deviation From AS
Sir, One of our Client has valued the inventory @ market Value. I have made a reservation in my Audit Report. They have clarified that the goods so valued are agreed to be sold at such price. Is the clients answer justifiable?

Durga says : Please advice me
We are into trading of NonFerrous and our turnover is 62 Lakhs. But we have not done Tax Audit and Sales Audit. Now I have to submit sales audit before 31st Dec 2010. Can I do tax audit now. Is there any penalty to be paid or any other option pay nominal penalty. Please advice it is very urgent

VIJPS says : Hi.
Dear Expert I want to know that whether any provision for tax benefit on house loan Pre-emi interest (Approx 2.5 lakh) for my case who’s builder giving flat possession after 3 financial year.. I taken home loan from HDFC back in FEB-2007. Till now I am paying pre-emi to HDFC bank and not yet receive possession from builder. The builder told that he will give possession in next year July 2011. So I have approx 2.5 lakh as pre-emi interest in following finance year FY 2007-2008 : PRE-EMI FY 2008-2009 : PRE-EMI FY 2009-2010 : PRE-EMI FY 2010-2011 : PRE-EMI FY 2011-2012 : will get possession in flat will I get any tax detection on pre-emi interest which I paid in last 4 finance year 2007-11 under section 24C next year ( F.Y. 2011-12 ) onward like other are getting to divide all pre-emi in 5 equal installment. ? What is criteria in income take who house home possession take more then 3 finance year ? I need expert advice . I am not getting very much clear answer for my case ? Thanks in advance Vikas kakkar 9620244420