CA RAMESH KUMAR AHUJA's Expert Profile

Queries Replied : 1508

About me

I am a science graduate, law graduate and Chartered Accountant. I have also qualified DISA from ICAI.

I am in practice for about 30 years and take care of Income Tax, Accounting, Audit, Company Law, Service Tax, Bank Audits and System Audit assignments of corporates, LLPs, Firms, Individuals, AOPs etc. I have also been attached to Capital Market Companies where I was heading Business Monitoring department with profile of monitoring of Policies, development of new business strategies, formulation of methods and procedures for the development of business and ways to increase revenues and control the costs.

My other interests are listening Music, teaching pupils, net surfing and playing Badminton. I believe in Karma which is ultimately followed by Destiny.

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Sahil Agrawal says : 269SS & 269T
Dear sir, I have a query regarding the above section One of my clients has NBFC companies and he give loans & advances to various corporate firm and individual and not taken any loan for financial year 2011-12 & 2012-13 I want to know whether 269SS & 269T is applicable in the case loans & advances given to various party if the specified limit exceed? Please mail me your suggestion at earliest possible casahilagrawal@gmail.com

Sahil Agrawal says : 269SS & 269T
Dear sir, I have a query regarding the above section One of my clients has NBFC companies and he give loans & advances to various corporate firm and individual and not taken any loan for financial year 2011-12 & 2012-13 I want to know whether 269SS & 269T is applicable in the case loans & advances given to various party if the specified limit exceed? Please mail me your suggestion at earliest possible casahilagrawal@gmail.com

MURALI says : chit fund investment entry (Accounts)
i seen you message but, i have small doubt that is..... Bank Dr Loss on chit fund (wich side shown in balance sheet/ p&l a/c (I mean group in tally)) To Sri Ram Chit Fund Subsequent Monthly payment: Sri Ram Chit Fund (wich side shown in balance sheet (I mean group in tally)) To Bank To Dividend (wich side shown in balance sheet (I mean group in tally))

CA Prashant Shrivastava says : Hallo
Hallo sir, How are you, hopefully well as ever.

CA Amit Rajput says : Please give your 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