One Company has to receive some consideration from the other company for several years say for 3 years, how ever that receiving company booked excess revenue in first 2 yrs than actual revenue due to wrong interpretation of contract agreement, now the company can adjust such excess against actul revenue in 3rd year.

Eg: actual Revenue for 3 years is 4lacs, 6lacs and 5lacs, how ever in 1st year company recognised 5.5 lacs and paid tax on that, in 2nd year 8lacs and paid tax on such income also, now company came to know that it recognised excees of 3.5 lacs so , it wants to recognise income of (5-3.5=1.5 lacs only in 3rd year. can it do so? assume that due date for filing return u/s 139(5) is expired already for first two years

Hello everyone,

i was uploading form 231 of one of my client regd under MVAT act.

error : "local date is not same as server date. kindly check "

what is the solution ??

Dear Sir
I am Going to appear for Group 4 (Syllabus 2008) in this June so can u please give me some tips how to start & step by step complete my syllabus.
Are the study material & Scanner sufficient for the preparation?
Sir can you tell me how to prepare subjectwise
I have to clear the exams anyhow
Please give me your reply as early as possible

We have sold some goods to a Dealer of Delhi but not sent him information about dispatch from our factory so he has not filled form T2 and goods reached at his shop now he is saying that he will not give us form C what is the remedy for us

is there any penalty for not filing form T2 and remedy if he wants to file t2 after goods received

Dear Sir
I will join an Share trading (Stock Broker )company. But i have a doubt. What are the journal entry for that type of accounts.
Any of you are doing this type company accounts.
kindly tell me......

Dear Experts,
I have a query regarding claim of Input Tax Credit. My client have 2 offices Delhi(H.O) & Chennai. My client provide services from Chennai site (only Chennai office is Registered with ACES(CBEC)).
My question is whether we can claim Input tax credit paid on any service received in Delhi office ?
I also need your advice if we would register our Delhi office as centralized billing/accounting center, then can we claim Input tax credit paid for services received at Delhi Office..?

Dear all,

my friend did not have any income, he got 2lakh loan from his relatives and he started a small business, after few days he went to bank for loan purpose, the bank people asked to bring IT Returns

now he wants to file it return but he did not have any works and income in previous year

finally he filed IT Return and he showed income as commission income from Real Estate for loan purpose

my doubt
is it legal or illegal or offense or fraud

please tell me

sir,
I am Rajib sikdar, ipcc student.
I registered in IPCC in direct entry scheme.I joined article ship on 25sep 2012.
i have completed my ITT and OT course within on 24th march2013 and form fill up for may 2013 ipcc exam.but now my preparation is not good...so I dont want to attend ipcc may 2013 exam....
now my question is that, if I not attend the ipcc may 2013 exam shall I attend the nov 2013 ipcc exam??

please answer me.....
thanking you...
Rajib Sikdar

An Invoice raised in FY 12 for $100 was written off as bad debt in FY 13 (say on 31st March 2013). Subsequently the client pays this $100 in FY 14 (say on 2nd April 2014) not knowing that it was w/off as bad debt. Please explain the treatment of this $ 100 received in the light of relevant Guidance Notes. Whether it should be treated as Advance for Future Sales or a new Invoice need to be raised for the equivalent amount?

the company which i have recently join has many branches and units .I have seen its audited financial statements for the last year, can anyone please tell me why the branch accounts stand under the liability side of the balance sheet.

Please someone revert back.
thanks in advance.