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ca sneha's Expert Profile

Queries Replied : 6

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About me

    What kinds of questions I can and can't answer?
    I can solve matters related to audit,direct tax (especially matters of TDS, capital gain) , company law matters etc....

    My area of expertise
    audit, MIS,income tax

    My experience in the area (years):
    I am a practising charterd accountant in a reputated CA firm. i have cleared my Ca final In may 2011 with 451 marks in First attemt

    Organizations I belong to:
    p.c bafna and company chartered accountant ,ganj para ,durg

    Publications or writing which has appeared :
    in journal of ICAI news letter

    Educational credentials:
    ca, B.com

    Award & Honors:
    nil

  • CA Amit Rajput says : Please comment
    ****Welcome to all experts to join in discussion **** I have a case about a an Investment (private limited )company which maintaining books of account on mercantile basis. But company records income on receipt basis from April to Feb and in the month of march a consolidate receivable from April to Feb is recorded and for month of march on receivable basis. my question is that is this practice of following cash basis accounting for 11 month and in March remaining receivable on consolidate basis i.e.(receivable less received) and for only month of march on pure receivable basis is Correct ??? Means following cash basis accounting for 11 months and Accrual basis accounting in month of march is correct or it will be treated as hybrid system. Is there any clarification from ICAI or Department for following accrual basis accounting through out the year? Pls join in discussion


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