08-01-2003, 03:29 PM
Yaar Pervez,
can you tell me any benefit which we have availed or we will be availing from recent implemented COCG ?
Ooh bhai yeh COCG say kuch nahi ho ga, humara Income Tax Dept. theek ho jaaye to sub kuch theek ho jaye ga, I dont know why dont the CBR hire CAs or ACMAs as ITO or Commisioners,
I agree with you pervez regarding the Knowledge of Accouting of our IT Authorities
I tell you a joke of an ITO, i was going through the assessment of a Pvt. Ltd. Co. ITO wrote me a letter of querries, i ll tell you the two points raised by him
Point No. 2. Provide the complete detail of Liability against assets subject to finance lease, with complete support (like agreements, repayment schedules, mode of payments, entries of payments in bank statements, etc.)
Point No. 7. What does this current portion of Liability against assets subject to finance lease represents ? Why it is shown under Current Liabilities. as from Note number 5 to the accounts you have written in the accounts that the company obtained the lease from Orix Leasing Co. then this liability must also relates to the Orix Leasing. Please explain why are you showing the liability relating to One company under two heads ??
Now tell me what i m supposed to answer ?????????????????
Please CBR start hiring those ITOs who has done AT LEAST BCOM
S M R
can you tell me any benefit which we have availed or we will be availing from recent implemented COCG ?
Ooh bhai yeh COCG say kuch nahi ho ga, humara Income Tax Dept. theek ho jaaye to sub kuch theek ho jaye ga, I dont know why dont the CBR hire CAs or ACMAs as ITO or Commisioners,
I agree with you pervez regarding the Knowledge of Accouting of our IT Authorities
I tell you a joke of an ITO, i was going through the assessment of a Pvt. Ltd. Co. ITO wrote me a letter of querries, i ll tell you the two points raised by him
Point No. 2. Provide the complete detail of Liability against assets subject to finance lease, with complete support (like agreements, repayment schedules, mode of payments, entries of payments in bank statements, etc.)
Point No. 7. What does this current portion of Liability against assets subject to finance lease represents ? Why it is shown under Current Liabilities. as from Note number 5 to the accounts you have written in the accounts that the company obtained the lease from Orix Leasing Co. then this liability must also relates to the Orix Leasing. Please explain why are you showing the liability relating to One company under two heads ??
Now tell me what i m supposed to answer ?????????????????
Please CBR start hiring those ITOs who has done AT LEAST BCOM
S M R
