Hi,
Having just started with my private general medical consultancy as a recent medical graduate and a gross receipt for the year 2006-2007 amounting below 1.5 lakh,I am in for trouble filling up ITR 4. Falling in the category of "no account case" how should I fill up the columns of sundry debtors/creditors and stock-in-trade in the Part A-BS? As a matter of fact I have no debts and nor does anybody owe me anything. Moreover, how to ascertain stock-in-trade for me? I don't have any organised accounting system in place till now. I just have my case register with its details and a rough balance sheet. Also while mentioning "cash balance" I have to refer to my rough balance sheet, isn't it? Finally if I mention anything in the expenditure column of Part A-PL (no account case), am I supposed to be having all vouchers against them ready at hand?

Dear sir,

We were paid a sum of Rs.10,000/- to an advocate and by mistake our Accountant deduct TDS 20% instead of 5.1% and we paid the same the deducted amount in the Central Govt.A/c with out verification. but now we found the mistake and we are not in a position to issue TDS certificate for the amount,which we deducted. and at the same time we have paid all our dues under the same head for this current year. now my question is whether we can issue TDS certificate including excess amount? or whether we can adjust that excess amount in the subsequent year dues? Plz.. clarify.

please give me some of the presentation tips in auditing for pe-II

I have filed I.T.R of Rs 3.5 Lacs last year (A.Y. 06-07). If file I.T.R. of Rs 1.0 lacs this A.Y. 07-08, is there any chance that my case can be come under scrutiny due to drastic reduction in Income bcoz the business has been shut down inspite of being in reasonable profit because of articleship.(Business is of Trading in 'Share & Security')

Sir,
I want to know TDS rates for current FY 2007-08 & new chart of TDS.

And also tell me How many Types of TDS exists now.

Tell me about MIS in Accounting.

My father bought house property i his name, iam paying the interest & principal for loan, father don't have income above taxable limit so he is not claiming, whether i can claim the interest as house property loss and principal as a deduction U/s 80C

What type of companies need to attach management representation with annual report,
Please send a format of the same to skm_nair@hotmail.com, please urgent.

Sir,

I had passed CA-Inter and I want to pursue my career in Financial Markets. Please suggest me the way so that I can enter the market in an early stage. I had experience in Project finance.

Thanking You


Regards
Pradeep

I'm appearing CA PE-II(both Groups) in the month of November,07.I'm facing problems particularly in Auditing.I'm following Std.mat,Kamal gupta as reference.How will I prepare case laws?
Also advice me to score high in Accounts and Laws so that I can minimise the risk incase I score less in Auditing.-rennie05.tapan@gmail.com

hi dere
i hav passed my PE-II this may in my first attempt.i live in lucknow,UP. i dont know is it good option to do articleship in delhi or elsewhere in big firm or go for firm in lucknow itself,which is the best firm here. please guide me as soon as possible