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Hemant Kumar's Expert Profile

Queries Replied : 1185

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About me

 

 

 

 

 

    What kinds of questions I can and can't answer?
    I can answer regarding indirect and direct taxes as well as project finance, banking and etc.

    My area of expertise
    Income Tax, Project Finance, Accounts, MIS etc.

    My experience in the area (years):
    7 Years

    Organizations I belong to:
    Mula SSK Ltd

    Publications or writing which has appeared :
    Not applicable

    Educational credentials:
    MBA Finance, ICWA Inter

    Award & Honors:
    not applicable

  • CA Amit Rajput says : Please comment
    ****Welcome to all experts to join in discussion **** I have a case about a an Investment (private limited )company which maintaining books of account on mercantile basis. But company records income on receipt basis from April to Feb and in the month of march a consolidate receivable from April to Feb is recorded and for month of march on receivable basis. my question is that is this practice of following cash basis accounting for 11 month and in March remaining receivable on consolidate basis i.e.(receivable less received) and for only month of march on pure receivable basis is Correct ??? Means following cash basis accounting for 11 months and Accrual basis accounting in month of march is correct or it will be treated as hybrid system. Is there any clarification from ICAI or Department for following accrual basis accounting through out the year? Pls join in discussion

  • Ashok says : Hi
    As i am working, Can i get answers for CC revalidation.


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