Dear Experts,

What is the Treatment of Suspense Account in the Bank Account ie debit entry are not traceable by the Management.
Can we show the same in the Balance Sheet as Suspense Account and Impact of the same on the Profit or Loss of the Organisation.
Please Advice !

Please clarify that i hav filed my income tax return upto A.Y. 2007-08. Now I want to file my income tax return from there.

whether I can file the return of all the 6 year from A.Y. 2007-08?

What is the amount of penalty and interest there on?

Please provide all the relevant details.

Dear Experts,

Is Vat Registration compulsory for dealers who are oly selling VAT exempted goods like Towels, Bedsheets etc?

Respected Sir,
Please provide me step by step procedure to do Ledger Scrutiny

Dear All Members,
I am a CA(Fresher). I am looking for opportunities in a Mid size CA firm in Mumbai. I have cleared CA in 1st attempt.

Problem is I am not getting any calls from CA Firms. I registered myself on all the job websites. My major exposure is in audit only and no taxation. But now post qualification, I want to specialise in Taxation Only. CA Firm's reject me for n0t having any experience.

Can any one suggest CA Firms which give me exposure in tax???

All dear respected members, can anyone send me the Project Report / CMA Data in word or excel format of Restaurat / Hotel / Motel.. I shall be very thankul to you for your kind help.. Please do the needfull its very urgent.

Dear Experts,

Pls guide me through this awkward situation... one of our branch's office rent decreased from Rs. 36000 to 32000. Wef. Feb'13. But accounts team was intimated in JUNE'13. So how to adjust entry for advance rent for month of July'13 as we have to recover excess amount paid and tds also got deducted and paid every month.

We pvt ltd having very old debtor whose o/s as on date is 15 lakh. They hav some matters with bank and ha ing proprty hypothecated to bank
.There is one option given by debtor. They r asking for advance of 4lakh for 10 days. They will submit it to bank after which bank will release their 15 lakh which they wil give to us. There is 100% trust on debtor.plz tel me what financially there wil be problem in giving advance to debtor and how to show it in our a/cs.

Assesse received a contact value of Rs. 85,00,000/- and an amount of Rs. 1,50,000/- was deducted as T.D.S. After getting the accounts audited u/s 44AB, assessee could not submit his Income Tax Return for the A.Y. 12 - 13 upto 30th September, 2012 which is still pending. What is the remedy available to assessee now?

I have paid income tax on 07/06/13 but haven't filed the IT return. I am still processing and will upload it online. Do I have to file return immediately after paying tax? Is there any time limit for filing return after paying tax? I may need some more time to file the return. Pls help.