CAclubindia

Murtaza I Bhagat's Expert Profile

Queries Replied : 2693

About me

I am Learing from Questions. I am not capable to be an expert here but I am trying to stay here to watch and learn from others who are top 1 to 10000 experts. Everyday is my beganing so if I can give any solution to any querier that means he/she is teaching me something from their Question. Thanks to all querier who raised their Questions to teach me and build me as a professional. GOOD DAY...!!! TC

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Khushi says : Arrears Of rent
Sir i have a query regarding arrears of rent of office premises for A.y. 20011-12 & 2012-13 paid in A.Y. 2013-14. Is arrears of rent paid in A.Y. 2013-14 is a deductible expense from the income of PGBP of assesse for A.Y. 2013-14. please rply.

NANDHAGOPAL A says : Bank Stock Statement
Dear sir, Pls send me that stock & Debtors statement format for IOB CC a/c to my mail id anandhu36@gmail.com

CA Preetha says : stock statement
Dear sir, Pls send me that stock statement in excel to my mail id CASOWMIYA@GMAIL.COM

ismail thoufeeq says : interstate purchase and local sales of same goods
i have purchased the cameras from tamilnadu for vat 14.5% and sold it for vat 14.5% in karnataka and we are selling the same product for other states also for resale, now how i should show the transaction, local sale and purchase or interstate. if i show in the interstate can i get any rebate or refund,

CA Amit Rajput says : Please give your 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