About me
In the ancient tradition, developing Pragya i.e. Wisdom was the aim of teaching. It is said that a person became wise when he could see what is needed to be done and do it successfully without being told what to do.
Lets’ begin the passage of Pragya i.e. Wisdom.
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What kinds of questions I can and can't answer?
I can respond to questions arising in Technical interpretations of standards, accounting for any transaction under Indian GAAP and IFRS. I may not be able to answer any ERP related issue for accounting..such as accounting in SAP or so..
My area of expertise
Accounts and Advisory
My experience in the area (years):
9 years post qualification.
Organizations I belong to:
BIG 4 CA firm and MNC
Publications or writing which has appeared :
Caclubindia. Faculty at Dun & Brad Street, BCAS's 3 residential course on IFRS
Educational credentials:
CA May 2003, ICAI, Mumbai B Com May 2002, University of Mumbai SSC March 1997
Award & Honors:
None
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jitin
says
: land taken on perpetual lease
Dear Sir, Please tell how to show land in books of lessee if it has been taken on perpetual lease ? -
SOWMYA
says
: revised schedule VI
PLEASE EXPLAIN THE FOLLOWING HEADS IN THE REVISSED SCHEDULE VI WITH AN EXAMPLE A.Cost of materials consumed B.Purchases of stock-in-trade C.Changes in inventories of finished goods, work-in-progress and stock-in-trade OPENING STOCK 600(RAW MATERIAL 500 AND WIP 100) PURCHASES 1500 CLOSING STOCK 200(RAW MATERIAL 50 AND WIP 150) DIRECT EXPENSES 50 SALES 2500 THEN THE PROFIT SHALL BE 550 HOW TO PRESENT THE SAME IN THE SCHEDULE VI PLEASE TELL ME ITS URGENT THANKS IN ADVANCE -
Mitesh thakkar
says
: Capital gian on advance money received
if assessee received advance money in year 2011-12 for sale of house but agreement for sale of property made in 2012-13, whether capital gain tax liability arise in year 2011-12? -
Mitesh thakkar
says
:
Thanks Sir -
Ritesh
says
: PF
Any amendment in PF
- Wacc
- Accounting for principal only swap
- Revised scheudle vi
- Lease hold land amortization
- Esop guidance note
- Accounting treatement??
- Account treatment of undisclosed property
- Provision required or not
- Revised schedule vi
- Balance sheet
- Difference in inventory
- Deferred revnue expendiute
- Legal fee
- Depriciation for the calculation of mat
- Recognisation of assets
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