CMA. CS. Sanjay Gupta's Expert Profile

Queries Replied : 24107

About me

"PROUD TO BE AN INDIAN"

Hi!

I am Sanjay Gupta from "City of Joy - Kolkata". I have completed ICWA, M.Com, CS, DIM and currently pursuing MBA. Presently i am working for Hindustan Aeronautics Limited, Barrackpore Division as a Dy. Manager (Finance). Prior to this, for last 3 years i worked for "West Bengal Industrial Development Corporation Ltd" as Officer On Special Duty and before that for 3.5 years i worked for "Jekay Group of Companies" as Manager (F & A).

I am a part of caclubindia Family to share whatever knowledge i have and also to enhance my own knowledge. We all learn something everyday, because education never ends be it in school, college, institutions or in Journey of Life.

My message to all "Keep Sharing your knowledge to help people. Knowledge increses by sharing and not by preserving"

Thanks for visiting my profile.

CMA. Sanjay Gupta

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Srikanth Surendra says : CMA Inter - Notes (URGENT HELP)
Hi Sir, I am Srikanth.S from Bangalore. I needed notes for OM and IS Paper - 9 under old syllabus. It will be of great help if you could send the notes to my mail id. I have completed Group 1 in December 2013 and even have exemption in Costing - Paper 8. Because of lack of understanding I am struggling to complete Inter. Please guide me through. My ID : srikanthsurendra@yahoo.com Awaiting for your reply Sir.

M NARASIMHA REDDY says : subscribed capital vs paidup capital
in a private ltd company authorised capital is 20000 shares of rs.10 each on registration subscribers subscribed to MOA 20000 shares of 10 each but by the year end 31 st march shareholders subscribed and paid up 10000 shares of rs.10 so balance sheet is made and filed with roc with paidup capital of 10000 shares of rs.10 each in the second year 5000 shares are allotted to diffferent shareholder in the second year end balance sheet is made and filed to roc as 15000 shares of rs.10 each in mca masterdata is showing as paidup capital is rs.150000 what to do now?

Nanda Kishore says :
Dear Experts, I have the following query related to FCMITDA(Foreign currency monetary item translation difference account) as per para 46A of AS 11 Query 1:- It is told in para 46a that in case forex loss/gain related to depreciable capital asset- we have to increase/decrease the carrying amount of asset. So :- Scenario 1:- In case of previous year forex losses written off. Is the following entry correct -- FA- Dr To General reserve. Scenario 2:- In case of current year forex losses written off. Is the following entry correct -- FA- Dr To Respective loan a/c- Query 2:- It is told in para 46a that in case forex loss/gain related to other cases, it has to be debited/credited to FCMITDA.. So Scenario 1 :- In case of previous year forex losses written off. Is the following entry correct --- FCMITDA- Dr To General reserve Scenario 2 :- In case of current year forex losses written off. Is the following entry correct--- FCMITDA- Dr To Loan a/c Query 3:- Can i debit the previous year forex losses on a bank loan related to other than acquistion of depreciable capital assets in case the loan has been already been paid...because if loan is paid how will i amortize the amount debited in FCMITDA to PL on the remaining life of loan as it is already paid. So can i interpret that i cant capitalize the losses in this case as loan is already paid ? Thanks A Lot for your time and patience. Read more at: http://www.caclubindia.com/experts/experts_display_list_by_category.asp?cat_id=1&mode=open#.VJhXvV4AN0

hariprasad says : how to start of Match box industry
sir am hariprasad from near Tirupati...now am pursuing CA and CWA ....i want to earn money of my studies how.....i cant file return without any CA certificate...but i have 1.3 years experence CA articles... how to file retun..my sir not learning to file retun and also do audit....but i learn by my own.......so.....now 1. i can file rerun or not without CA qaualifications am Graduation only.....2. if i canot file return ....now i want start a businesss....to earn money....how to start or registtration...and where i buy ra material and machine for manufactureing of match box businesss...... pls give the which is the best .....how to do

M NARASIMHA REDDY says : subscribed capital not fully paid up - partly paid
1.In Private Limited Company MOA Authorised capital is rs.10 lacs and subscribed capital is rs.10 lacs. But the subscribers invested (paid up) only 10 % of subscribed capital i.e. Rs 1 lac. (partly paid up) 2. Later allotment of new shares made to the same shareholders rs.2 lacs.fully paid up. This allotment without knowing that subscribed shares are partly paid up.Authorised capital not increased. 3.Later allotment of shares to new shareholder rs.2 lacs.Authorised capital not increased. issues 1.whether subscribed capital to MOA can be partly paid up? 2.whether allotment made to existing shareholders without increasing authorised capital is valid ? 3. Whether allotment made to new share holder without increasing authorised capital is valid?