Manmohan ACA, CS's Expert Profile

Queries Replied : 2255

+ View Full Profile

About me

What kinds of questions I can and can't answer?

My area of expertise

My experience in the area (years):

Organizations I belong to:

Publications or writing which has appeared :

Educational credentials:

Award & Honors:

CA RAHUL KUMAR JAIN says : result
pcc ka result kab aa raha he

YOGESH SHARMA says : branch accounting
dear sirs, we are a confectionery items manufacturers, currently we are supplying our products to the whole sailors only but now we want to start direct retailing of some of our products, so we want to generate a separate retail branch that we can analyze our actual performance in retail. kindly let me the know the procedure of branch accounting under same tin and pan number i.e. principal branch transfers the stock to retail branch

santosh kumar sahu says :
hi aap konsa group mein hai

Sangram Kumar says : RE ENROLLMENT OF CPT
Sir, I have registered in CPT on 20th AUG 2007 and have attended only last two exam i.e in the month of Dec 2007 and Feb 2008. Then i have not attended any chance.i have completed my graduate and i want to appear CPT Exam in June 2011.is it require to re-register or re enroll again in CPT. Pls guide me sir as soon as possible

Satheesh Nair says : MAT
We are Pvt Ltd company having Automotive gasket manufacturing units in Chennai and Uttaranchal. Uttaranchal is coming under section 80IC and MAT is applicable. We have a common Balance sheet for Chennai and Uttaranchal. Is it possible to calculate MAT and compare with the Income tax paid already paid on the common balance sheet figures, and if the MAT figure is less than the Income tax payable then we need not pay MAT ?? If the MAT figure is more than the Income tax paid figure in the common balance sheet figure, then is it correct to arrive at the MAT payable by deducting from the Income tax already paid which was tabulated including the Chennai account ? Or should we have seperate balance sheet for Chennai and Uttaranchal and income tax payable as per Chennai account to be paid and MAT figure as per Uttaranchal account need to be paid ? Then after 5 years of 100% exemption we need to avail MAT credit when Uttaranchal need to pay Income tax on the 70% profit from the 6th year onwards ? I would appreciate to have detailed reply at the earliest to my query with relevant IT act and rules / section. Auditors are having different opinions and hence we are not guided properly. So your urgent advise is very much appreciated. Some experts advise to convert our Uttaranchal unit as LLP ( limited liability Partnership) to avoid MAT !! We started commercial operations from 01-04-2008. If we register now for LLP can we get retrospective benefit ? In this case should we pay MAT for 2008-09, 2009-10 and 2010 - 11 till date ? If we need to pay MAT for the above period with interest then whether we get any relief if we convert our unit of Uttaranchal to LLP ? our initial 5 year tax exemption period is up to 31-03-2013. Please advise your valuable opinion on this LLP suggession at this stage ?