C A S.S.Agarwal, M.Com.,LL.B, 's Expert Profile

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About me

“ FOR C. A. STUDENTS

In addition to my practice I am guiding C. A. Students on the subject how to prepare, write in the examination and to pass C. A. Examination. Many time I have deliver lectures in ICAI, Mumbai on this subject. During training my artiles pass C. A. Examination in the first attempt and many have come out with ranks which gives them oppoprtunities to work with Big 4..

I am practicing Chartered Accountant since 1978. I am dealing the matters of Income Tax and handle scrutiny assessments, Appearing before CIT (Appeals), Income Tax Appellate Tribunal, High Court and Supreme Court by hiring advocate and councils. Company Law - settling the disputes, formation of the company, Audit, FDI investments, valuation of shares , due diligence etc., Arbitration - settling family disputes and other disputes, Project Consultancy - Bank Finance, Project viability, revival of sick industries and all other matters to run the unit at a profit. I was the advisor to the Ex: Chief Ministers of Assam and Arunachal Pradesh for quite a long time and was in the recruitment board of Arunachal Pradesh Forest Corporation Limited. At the ICAI I was Branch Chairman of Guwahati Branch for 3 consecutive years and organised many seminars, conferences. I was also a paper writer and chaired many sessions of the seminars and conferences.

I am based at Mumbai and have specialised in Income Tax Matters, representing cases before various authorities including CIT(A), Income Tax Appellate Tribunal and Settlement Commission. I am also specilied in Company Matters, resolving disputes and putting back on the trac sick industrial units with proper financial and marketing planning.

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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

Sai Sujatha.J says : Post Qualification
Sir, I cleared CA Final in June 09 i.e. after two years of articles whereas i My articleship was over by Jan 2010. Can i consider the experience from June 09 to Jan 10 as post qualification experience?

Shruti says :
Dear Sir, Could you share audit programme/checklist/ internal audit issue tracker for real estate / construction audit. My email id is shruti27bhatia@gmail.com Thanks alot Regards Shruti Bhatia

Shruti says :
Dear Sir, Could you share audit programme/checklist/ internal audit issue tracker for real estate / construction audit. Thanks alot Regards Shruti Bhatia

virag says : applicablity of income tax and service tax
Hello Sir, My self, Virag Shah from Ahmedabad.I am doing freelancing work as accountant and i am in study of Chartered Accountant.I have one query while doing accounting, Income Tax and Service Tax.My case is as below: One of my client doing work of collecting subject from various clients ( both indian and foreign) for writing articles for websites or any other publication on internet.After that he will take back this work to professional writers ( both indian and foreign) for writing whether writers are on internet or in situated particular his office. In my sense as per nature of work, He is not applying his mind while writing article, he is just hand over work to writers and complete the work as per requirement of client.His mind is applying for searching clients and writers on internet.All the searching work is done on Internet.I have some doubts about work. 1. My client is receiving payment via online internet.He will receive full payment for work and after deducting his commission/brokerage or what ever say,he will pay to writers (both in Indian currency and foreign currency) via credit card system or online transfer.Whether this work is termed as business or profession? 2. How is accounting made? With full receiving amount or Net commission amount. 3. Writers are not charging Service Tax on bills and TDS is deducted as per professinal basis as per their thinking.I just want to know whether service tax is applicable or not, if applicable services with foreign clients and payment to foreign writers both are termed as export of services or business auxiliary services or any else. Hope I have made some try about querry for understanding to you.Give me fast reply,Sir. Regards