CAclubindia

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:

Akriti Sharma says : share transfer
A shareholder wants the amount of share he hold to be distributed among his four brothers equally..he wants to known the procedure to do the above mentioned case please suggest the reply i should make to the shareholder.

rakesh agarwal says : Audit of Residential Complex builders
My query is regarding Residential Complex Builders or Developers first year Balance Sheet According to Accounting, Standard As7 Builders or Developers promoting the Residential Complex Profit is to calculate on Completion of the Project. In first Year of the Balance sheet where total Work is in Progress and Builders or Developers sale out the Flat based on 20% of the total flat value in Advance from Customers and balance to be received gradually on completion of the project. In that, circumstance how daily expenses incurred under the head indirect expenses (e.g. Salary, Traveling expenses, Electricity expenses, Telephone expenses , General Expenses etc.) in profit & Loss account is to be treated where sale is zero during the first year of the Balance Sheet. If, indirect expenses is to treated as expenses in profit & loss account, normally than Loss Balance Sheet is to be prepared. Please suggest me the right procedure for treatment of Indirect Expenses in Profit & Loss account or Balance Sheet as per Accounting Standard/Norms for the above explained matter and if possible provide me the ready balance Sheet & Profit & loss for the Ready Reference . Please mail me the answer at my email id (rakesh.agarwal08@gmail.com) Thanking you in advance.

AKHILESH BAWANGADE says : about industrial training for ipcc student
is there any industrial training for CA students instead of articleship ,if yes please give me each and every detail about it....

RAM says : After mba ca or cs
Dear Experts i have a problem. actually i have done MBA (finance)and doing the job in rice industry but this is not a fine opportunity and i want to do CA or CS. i know this is a time killing work. but i decide i will do. LAST u will say what should i do? PLZZZZZZZZZZZ HELP MEEEEEEEEEE???????

Himanshu Mehta says : Need Help on a problem of TDS on Rent and Salaries
Mr "A" is a Director in company "D" & He has Rented out a residential property to a Company "B" on a monthly rent of Rs. 30000. Company "B" deducted Rs. 3000 as TDS. Mr "A" has a loan on the said property and has paid Rs. 200000 towards home loan interest. At the end of the year Mr "A" submitted Form 12C to the Comapny "D" in which he also declared the TDS amount that Company "B" has deducted. So when an accountant of company "D" files the TDS return of Company "D". So at the time of computation of TDS on salaries, can this accountant consider the TDS already dedcuted by Company "B"?