CMA. Subhash Kumar Jha's Expert Profile

Queries Replied : 2107

About me

Myself is Subhash Kumar Jha. A qualified CWA of 1997 batch. I completed my CWA in regular 4 attempts. Involved in accounting job for last 11 years. My speciality is Direct Taxation.

Anybody wants to have friendship with me can mail me at this site or subukjha @ rediffmail.com

Best wishes

subhash

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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

chandan kumar jha says : Income tax
Our company has two division one X and another is Y X- for software Export Y- for Indian Business Form last 5 years X going on profit and y going on losses.if we see in combined this is going in profit. My question is ,now exeption of 10A is over.Now,can I setup of Y business losses from current year both division profit or not.

shweta joshi- Naik says : STPI
Sir, could you please tell me procedure for filing SOFTEX for STPI? When to file it after invoicing or after realization of invoice amount

jazz says : Employee Investment declaration form F.Y 2012-13
Hi Sir pls help me i need Employee investment declaration for for the F.Y 2012-2013 id: bagga_jr@yahoo.co.in

priyank bhatnagar says : Query
Dear Sir, I have a query that in last financial year i.e. 2010-2011, I missed to deposit tax and now i want to pay tax and fill ITR. My total Taxable Income was Rs.230800 without standard deduction. Kindly calculate and reply me how much tax is to be paid with fine or penalty? if fine/penalty is to be paid then any other form is to be attached or not?