CAclubindia

CA. BIJENDER KR. BANSAL's Expert Profile

Queries Replied : 2133

About me

I am qualifed Chartered Accountant having post qualification experinece of more than 10 years and working with a Moulding Company as GM (Finance) having Reputed Vendor like LG/ Samsung/Yamaha/ Maruti/Kent/Honda etc.

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ritesh jain says : bonus shares valuation
sir assessing officer denied my orgument that valution of bonus shares as a closing stock wii be zero please provied me any case law in which court approved the same

Vaibhav Khandelwal says : auditor of a club
Can a Practicing CA can audit and sign the Balance Sheet of a club where he is also a member ? Also can you Give me some form of Notification or para in Code of Ethics to back your answer so that I can refer to it ? Thanks

vidhi shah says :
hello sir.can you answer about HUF???

Dolly J Jagad says : Interest U/s 201(1A)
Dear Sir, Good Morning. I had a query with respect to Interest payable on TDs U/s 201(1A). Please refer the following case: a. X Ltd has been deducting TDS without applying any TDS Rates on provisional Basis. Suppose if the TDS deducted from 4 contractors comes to Rs. 1000 during the 1st quarter of the F.Y 2007-2008 (based upon the provisional payment) and the actual tds liability(based upon the Rates prevailing during that period) comes to Rs. 600/- Can the balance amount of Rs. 400/- be adjusted in future? In the above case, the company has taken the actual liability into consideration while filing the TDS returns. So the deductees will get the TDS credit to the extent of Rs. 600 only. So will the balance amount be refunded to us or will it be allowed to be adjusted with the any kind of future liability like TDS, interest etc. b. Suppose if this TDS liability of Rs. 1000 has been paid after the due date and the interest amount leviable u/s 201(1A) comes to Rs. 150/-, will the excess tds amount of Rs. 400(as shownn above) be adjusted with the Interest payable U/s 201(1A)? Thanks in advance. But please solve this query. I have posted this query last week but have got no reply till now. Its very urgent. Please help.

Deepak Shettigar says : plz help its urgent...articleship termination
My due date of article ship was 18th April 2010. But due to some reasons i could not submit termination form within 60days + i had extension of 69 days for which also i could not submit form. As my article ship is breaked now. i am submitting form 108 with condonation fees of300/- and fresh copies of forms 102 & 103. Plz guide Other than these if any doucments to be submitted .eg condonation letter, attendance copy, etc if any if i have to sumbit any condoantion letter/ any letter plz give me the format. u can also send me formats on deepak.shettigar@morganstanley.com