CA CS CIMA Prakash Somani's Expert Profile

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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:

arpit bengani says : what after CA??
hello,am in CA Final.Please suggest me any other professional course along with CA,which is beneficial with CA.I have only one course in mind i.e CS. Please advise me which is very much in demand in future or is a very good combination with CA.My interest is in "Finance Area". Hope to get the best answer.

pankaj kumar says : plz rply dese questions
lz read the questions carefully. Q 1. A co. issued 1,500 fully paid up equity shares of Rs. 100 each 4 d purchase of d followin assets n liabilities: Plant Rs. 35,000; Stock Rs. 45,000 Land n building Rs. 60,000; creditors Rs. 10,000. What entry is passed. Q2. In current year (ending on 31.12.2009) receipts n payments a/c Rs. 40 is paid for taxes. Adjustments: Taxes amounting to Rs. 40 (above amount) per year have been paid upto 31st march, 2010. is dere b any last year's prepaid taxes.

Yusuf says : Banking Licence
dear sir, i want to apply for the banking license under banking regulations act, for a co-operative bank. Kindly guide me for the same. What will be the minimum requirements to qualify for banking license? What are the various criteria? What will be the procedure to get the Banking Licence? At present the co-operative bank has 1 Head Office at Ahmedabad, 182 Branches spread all over Gujarat and 19 District Office. What should i do for getting license for all those branches together? Kindly guide us as soon as possible.. Thanking you.. Yusuf Mithaiwala 9228380821

Sobhan De says : Justification of the AO
Dear Prakash, TDS for 0506 has been wrongly filed with NSDL in the 2nd qtr 0607. Upon assessment it is found out that the said TDS is deposited correctly for 0506 / TDS challan. The assessee is claiming it to be a typo error. The AO is treating as a TDS for 0607 & charging the diff in rates as a short deduction which will attract interest. Is the AO justified ? The assessee has not filed a revised return for the above TDS for 0506. If reqd can the assessee file a revised return for 0506 now without paying penalty. The AO has issued a notice u/s 201(1)& 201(1A) with a provision for further appeal to Comm (A). Looking forward for your valued suggestions as the same is urgent. Thanking you in anticipation. Thanks & Regards, Sobhan K De sobhan.de@aamar106fm.com