CA CS CIMA Prakash Somani's Expert Profile

Queries Replied : 2223

About me

TAX ON SALARY DATEDIF FORMULA COLOR MAGIC in EXCEL NCFM MBA CA CS SAP Ayurveda Lawyers IndiaStudyChannel Games Linkedin Rediff Gmail INDUSTRIAL TRAINING Bank Audit CFA (US) TDS Service Tax CPE CA Firms Health Budget Yoga Ratio Analysis VAT SOX

Hello everybody, I really don't know where to start from.
I am basically a friendly person but not the one to take the initiative when confronted with a new person. But once the ice is broken, I spare no efforts in charming the other person.
I am an avid reader. Books are my passion. No matter how busy I am, I always manage to find time for reading. I also enjoy good food, Hindi music & a good cup of coffee.
I am a fun loving guy want to enjoy life as much as possible. I like making friends and I am a good friend. I love taking risks.

I am a determined person and works hard to achieve what ever I determines...,I have very strong will power..., full of confidence... a bit extra confident some time but manages to achieve my goals and never gives up attitude.

Always do whatever I think. I live life in my own special way. Always do whatever I think. Make own rules and follow them. Always Thing about these lines, when i do any thing:-

“Quality is never an accident, It is always the result of high intention, sincere effort, intelligent direction and skillful execution; it represents the wise choice of many alternatives”

Ultimate Vision of my life

1. “To be able to look back and not have any major regret – to feel satisfied that I lived a life that mattered.”

2. “The woods are lovely, dark and deep
But I have promises to keep
And miles to go before I sleep
And miles to go before I sleep.”

3. "It's good to be important but it's more important to be good"

I think that’s the best I can describe myself and like I said earlier if you want to know more about me get in touch with 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:

VIKAS KAPOOR says : DIVIDEND
WE HAVE RESERVE & SURPLUS AND WANT TO DECLARE AND PAID DIVIDEND TO SHAREHOLDERS AND WANT TO RECEIVED THE SAME FIGURE BACK AS UNSECURED LOANS FROM THE DIRECTORS. IS IT POSSIBLE? WHAT IS THE PROCEDURE FOR THAT. PLEASE GUIDE ME.

ASHISH DEEP says : TRAINING EXEMPTION
Dear Friend, It it possible to get exemption from CS training, I am working with LIC as AAO and Company is not giving permission to persue higher studies

richa says : help in career
sir, I just cleared my CA-PCC exam and secured the 34th Rank. I am doing articleship in a small firm. As this is my final year of articleship i want to decide on a field of expertise where i can specialise, as i believe that as a Chartered Accountant it becomes often impossible to know all areas of audit as well as tax. But i am not clear as to what areas exist for a chartered Accountant where specialisation can be done and also how to achieve that. Kindly help me in this regard with your expert guidance. Thank you.

Deepa says : Regarding CS... plz help
Sir I am a student of CA and CS. My quieries are, 1) I have already served a aricleship in CA for 3.5 yrs.. will i get exemption in CS training? 2)What are the criteria for Exemption in CS training? 2) i hv cleared CS executive in dec 2010 so hw many months training i hv serve?(My registration is done in 2009) 3) Am i elgible for training as i hv cleard my executive? 4)brief idea about EDP and PDP course? and procedure for enrollment?? Please reply at the earliest? thank you

Nikhil says : Epcg
Dear Sir, M a garment manufacturer from bangalore. I have started a new factory for which i have ordered new machinery to be imported. I have also applied for EPCG against the machinery. The epcg people is asking for appendix 26 as i have made some direct export sale, deemed export sale and domestic sale also. Now the issue is my auditor says Appendix 26 is applicable for people who make 100 % exports only, my auditor is not willing to sign the appendix 26 as we make both export and domestic sale. Kindly let me know whether my auditor is right or not. If he is right then will there be any problem in the claim i take through EPCG