CAclubindia

Murtaza I Bhagat's Expert Profile

Queries Replied : 2693

About me

I am Learing from Questions. I am not capable to be an expert here but I am trying to stay here to watch and learn from others who are top 1 to 10000 experts. Everyday is my beganing so if I can give any solution to any querier that means he/she is teaching me something from their Question. Thanks to all querier who raised their Questions to teach me and build me as a professional. GOOD DAY...!!! TC

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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

Aniket says : interstate purchase
i have made interstate purchase including freight outward. can i issue C from on inclusive of freight amt. or on net amt?

Varsha V R says : hi
i ve a doubt on enhanced compensation he is it taxable? and is ther is any option of reinvestment

RIYA SARKAR says : vat
IS ENTRY TAX LEVIED ON JEWELLARY SEGMENT IN WEST BENGAL?IF ENTRY TAX IS PAYABLE THEN WHAT SHALL BE THE VAT RATE PAYABLE BY THE GOLD DEALERS?

Amit Jain says : Stock Statement
Dear Sir We are in cloth business and want to open a CC limit with Central Bank of India. I request you to please send a format of stock statement. my email id is: jainamitcma@gmail.com Thanking you, With Regards, Amit Jain