The accounting standards 4 and 29 both relate to contingent liabilities. So i have a question whether how it would be decided which contingency is covered under which AS. Also if there's a law suit filed by us. it's a contingent asset under AS 29 but if after balance sheet is prepared result for the law suit is declared as we win it. How would be the amount receivable be treated?

Case 1 :-Im a proprietor having two businesses each having turnover of 50 lacs, total 100 lacs ,is Audit applicable to me ?

Case 2 :- Im a partnership firm as on 1-4-12 one partner died on 30-9-12 when turnover was 50 lacs. thereafter im proprietor turnover from 1-10-12 to 31-3-13 is 51 lacs, now total turnover of firm is 101 lacs , is audit applicable ?

is there any change in the 3CD or audit report in the FY 2012-13?

one of my client born in 1993 got the gift from grand mother in 2008 jewellery (originally purchased prior to 1981)and same is sold in 2013 what will be the indexd cost wheather it is 2008 or 1981

one of my client firm is working as a proprietorship for 6 months and later it is working as partnership firm.
in first half turnover is about 60 lacs and in later 6 months turnover is 75 lacs.
the name of firm is exactly remains same, afterwords also.
can tax audit applicable to them.

4 Persons want to enter into a partnership. They have to apply for PAN, TAN, TIN (for VAT) & other statutory registrations. My question is "whether the partnership is required to be registered under Partnership Act for getting the said nos.?' if yes ..please guide in short.

Dear Friends, I have recently cleared my ca final exams in July 2013. and now, I have joined in a firm as a partner. Now my senior partner is behind me to get my membership number and COP. I have filed Form 2 (along with details of the firm in which I have joined as a partner by filing in the point 11(a), partner in-charge in the point 12 & name of the firm in the point 19)in first week of August. I would like to know when I will get the membership number and COP so that i can sign the tax audit reports for this sep 2013. I would also like to know from which website the membership status allotted can be confirmed.(pls give the website link) Kindly make it ASAP.

-Regards

NISHA

Read more at: https://www.caclubindia.com/experts/experts_display_list_unresolved.asp?mode=open

Dear Friends,

I have recently cleared my ca final exams in July 2013. and now, I have joined in a firm as a partner.
Now my senior partner is behind me to get my membership number and COP.
I have filed Form 2 (along with details of the firm in which I have joined as a partner by filing in the point 11(a), partner in-charge in the point 12 & name of the firm in the point 19)in first week of August.

I would like to know when I will get the membership number and COP so that i can sign the tax audit reports for this sep 2013.

I would also like to know from which website the membership status allotted can be confirmed.(pls give the website link)

Kindly make it ASAP.

-Regards


Nisha

what is diffrence between deduction and exemption?

I am a LIC agent and earned commission in F/Y 2011-12. I filed return in Form -ITR 1 under Income from Other sources. I have got a letter from income tax U/s 139(9) saying that return is invalid.Letter has been written on 2nd Aug but i have received it on 14th Aug and i have been given time to submit my reply by 16th Aug only.

Please advise as to if i select income from other sources in retun ,is it wrong?

What remedy is left with me now.

Regards,

Viswas