CA RAMESH KUMAR AHUJA's Expert Profile

Queries Replied : 1508

About me

I am a science graduate, law graduate and Chartered Accountant. I have also qualified DISA from ICAI.

I am in practice for about 30 years and take care of Income Tax, Accounting, Audit, Company Law, Service Tax, Bank Audits and System Audit assignments of corporates, LLPs, Firms, Individuals, AOPs etc. I have also been attached to Capital Market Companies where I was heading Business Monitoring department with profile of monitoring of Policies, development of new business strategies, formulation of methods and procedures for the development of business and ways to increase revenues and control the costs.

My other interests are listening Music, teaching pupils, net surfing and playing Badminton. I believe in Karma which is ultimately followed by Destiny.

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Vinit Shah says : AS 9 query about interunit sales
Sir, please help me find out the reasons as to why inter-unit transfers are not recognised as sale because even if they are recognised as sale by one unit the other unit will recognise it as purchase only and thus how the profitability of the company as a whole is affected?

Rahul says : TDS on payment to NRI
TDS on payment to NRI Dear Sir, Pls help me on the following matter. we have hired consultants engineers to work in South Africa on behalf of our company, We generate our invoice to Africa and receive the payment in USD. Now we have to make the payment to Consultants Engineers who works in South Africa on behalf of our company, In that case, IF he does not stayed in india for less than 182 days in a FY and become a NRI, Our consultants make invoice to our company and asked for release the payment to his NRI account. ( Now the case is he rendered his services out side india and his consultancy charges is payable in India, by our compnay. q1) In that case should we deduct a TDS on his consultancy payment. Thanks a lot Rahul Kapoor tel 011-40567603 , MOb: 9717821107 (Sir if u can give me your mobile number then I can clarify this query on phone

asha fernandes says : presentaion in accounts
good morning sir can u please tell me , if in the financical accounts of a subsidiary company,does it need to be mentioned anywhere that it is a subsidiary company. if yes where. is it in the address or notes . the parent company is a foreign company. please let me know at ur earliest . thanks

Yogesh Gupta says : Accounting treatment of Advertising expense
Sir, I want to know about the accounting treatment of Marketing & Branding expenses incurred prior to the commencement of the operation of an new assets. For example whether we should capitalize or expanse off the marketing expense incurred prior to the commencement of the commercial operation of an Hotel or let say before the launch of an product? I have two different opinions on that first being that as we can not strictly identify the marketing & branding cost with any particular assets, such as building, land & hence it should be expense off rather than distributed over other assets. Second marketing & branding expenses are necessary to create demand or visibility for the company or the product, hence it should be capitalize over other assets. Please suggest what is the correct accounting treatment for the same in view of AS-26, AS-10 & Any judgment by courts. (But the problem is that As per AS-26, now we can not deferred the expense such as marketing & branding as they do not meet the criteria set for deferring the expense in AS-26. Hence you can defer the expense upto FY 2010 after which AS-26 is mandatory.)

Kamal Puri says : PLEASE HELP ME
i am aPCC student undergoing articleship. i am under going grauation. i have taken permission from ICAI for graduation. NOW I HAVE AN ATTEMPT OF ICWAI INTER IN DEC 08. NOW I WANT TO ASK THAT WHETHER I HAVE TO TAKE PERMISSION FROM ICAI FOR SECOND COURSE I AM STUDYING? WHAT CAN HAPPEN IF I DONT TAKE PERMISSION?