Dear Readers,
At the outset, let us thank you for visiting our Page so often & so regularly. We appreciate your views and comments that are received through Email. Honestly, we are working on it to make the Page more comprehensive with wider perspective to suit the needs of the Society as a whole. We are ensuring that general items are not posted unless there are urgent need to do so.
We would like to thank our Readers & Well-Wishers for getting connected through Social Media Account as well. Any unreconciliatory views expressed in the Social Media Accounts should not be taken at the political platform.
SOCIAL MEDIA CONNECTIONS
https://twitter.com/gulab_a_singh
https://linkedin.com/in/singhgulab
https://www.facebook.com/gulab.a.singh
We are excited about the over-whelming response to this site. We must have delayed providing them with appropriate replies and responses to their queries however we give it to them … all for FREE and that too personally over email most of the times whenever desired by the Readers to do so!
Everyone of us have their own set of priorities, and therefore we cannot be an exception. We are committed in resolving issues of all our readers on any topics concerning Law, Arbitration, Altnerative Dispute Resolution Mechanism, Legal Drafting, Due-Diligence, Forensic Audits, Tax Audits, Accounting, Taxation, Politics, Commerce & ofcourse, Law Enforcement Agencies including Economic Offence Wing (EOW), Crime Investigation Department (CID), Central Bureau of Investigation (CBI) amongst Others.
We would encourage people to keep in touch via email to be addressed at gulab.a.singh@gmail.com besides getting connected over Social Media.
ABOUT THIS SITE
We are a firm of Practising Chartered Accountants from the vibrant city of Mumbai in the State of Maharashtra – India. Besides holding a Bachelors degree in Commerce, the Promoter also qualified through the elite course of Chartered Accountancy. He went ahead and acquired Bachelors degree in Law (LL.B), Masters Degree in Law (LL.M) and finally Intellectual Property Law. We have been conferred with Honoris Causa Doctor of Excellence in “Commerce and Economics” during Year 2017.
We actively purused long-duration Certificate Courses from ICAI on the following Specialised areas:
(a) Alternate Dispute Resolution through Mechanism of Arbitration, Mediation, Conciliation and Negotiation;
(b) Anti-Money Laundering Laws (Specialist); And
(c) Forensic Accounting & Fraud Detection
Over to this site …! You are requested to search for respective topics and not to miss the older posts / entries. You may also advise me to take up the relevant topic and the same shall be brought up shortly, if found feasible and suitable. We have excellent command over Economic Offences (white-collared crimes), Dispute Resolution basically in the form of Arbitration & Mediation, Forensic Investigations & issues related to law enforcement agencies. We assure our well-wishers, readers, clients and associates of our utmost sincere, honest, dedicated, professional & ethical execution of assignments, when called upon to do so.
Before we sign-off, we wish the readers on this site, our followers on Social Media Platform and all of our well-wishers a healthy & peaceful life … full of confidence and happiness alongwith with a great wish for a great career ahead in all their future endeavours.
And please remember that humans don’t have more than 10000 days of young age, so be at Peace … Chill … Acquire Knowledge … Be Civilised … Follow your faith without jeopardizing those of others … be Pro-active … Live and Let Live … and lastly, keep in touch !!!
Gulab A. Singh 
Dear Gulab Ji,
Good effort indeed. Your website presents all crucial matters and I am glad that you are our Auditors.
You may have to present more articles so that the same can be referred by our employees as well in areas connected to Customs, DRI and Service Tax.
Keep up your good job Sir.
Ranjan Gopale
Managing Director
Sadguru Forwarders Private Limited
Comment by Ranjan T. Gopale — April 1, 2009 @ 12:44
Great stuff…
thanks this nice post…
Regards,
outsource account payable
Comment by outsource account payable — April 25, 2009 @ 10:37
very nice blog and nice to see you as common man and friends of COMMON man.
have a good day to you.
Ranjan
Comment by Ranjan Gopale — June 9, 2009 @ 15:29
Sir, I would like to present all the matters related to Legal, Taxation, Audit (including Forensic & Investigation), however its difficult to manage all the thing at a time. However, I promise to write all interesting articles on the matters as stated under:
1. Investigation / Forensic Audit;
2. FEMA and Reserve Bank of India regulations;
3. Narcotic Drugs and Psychotropic Substances;
4. Company Law;
5. Legal Cases relating to High Court, Supreme Court as it governs for Civil, Criminal and other relevant laws.
Thank you for your encouragement and Billion thanks for growing through the articles on my blog.
Good luck to all and thanks for precious time.
Gulab A. Singh
Comment by gulabsingh — June 9, 2009 @ 16:05
I finally got a chance to check out your web page, and I must say that I’m impressed. Hope everything is going well. Take care!
Comment by forexfiew — July 18, 2009 @ 07:52
it’s nice to see that there is someone who is guiding the “AAM ADMI” with his knowledge at no cost.
it provide me a lot of knowledge related to my areas of finance and accounting.
goodluck to CA (Mr.)Gulab A singh
DURGESH BANSAL
(MBA,B.SC.)
ICFAI BUSINESS SCHOOL,CHANDIGARH
Comment by DURGESH BANSAL — August 22, 2009 @ 00:17
Thank You Durgesh Ji for your kind and great wishes!
People like you have been a motivation to write further. I wish you the best in your future endeavours!
Comment by gulabsingh — August 22, 2009 @ 12:06
hi gulabsingh ji…
hope going great
i thing i want discuss with you is that after my MBA(which complete in feb.2009), if i go for CFA along with my job…do you think it will benefit me in long term…
and as a CA you better know how good is CFA in INDIAN context… “i mean kya India me CFA ko wo pechaan milti hai jo ki countries like USA me hai”
hope you will guide me
you can mail me your ideas on my mail ID : durgesh786@rediffmail.com
Comment by DURGESH BANSAL — September 18, 2009 @ 01:55
CFA does not have a higher recognition as far as the country like India is concerned. Adding degrees wont help till you allign yourself with such a course, which gives you a broader practical perspective. Try and spend your (or your parents) hard earned money where you can reap the benefit in the long run. Do not carried away with just a name.
However, CFA is also an important degree and you may revise your decision on the basis of what you want to secure over a certain period of time in the future. Good luck and thank you for writing to me. Warm Regards
Comment by gulabsingh — September 19, 2009 @ 12:06
hello
Comment by gulab — October 22, 2010 @ 19:57
Hi
Comment by CA Gulab A. Singh — November 7, 2010 @ 16:18
hi
Comment by dinesh — May 7, 2011 @ 17:54
Hello Mr. Dinesh Thakran
Comment by CA Gulab A. Singh — May 7, 2011 @ 17:57
Awesomely said P. Mama..
I’m full admiration for ur blog.
Thats y u r called G.S Sir..!!
P. Mama i would love to read something bout Lokpal Bill.
Something strange but I would definetely want ur views on the so called by Anna Hazare ” Fight For Independence 2 ”.
Comment by Dheeraj Singh — December 24, 2011 @ 16:25
Dear Dheeraj,
I do not approve the methodology of Anna Hazare. What we need is the system at the grass root level. Making Lokpal would also mean a gigantic monster machinery. We already have Executive, Parliament and Judiciary. Media was added later which has added chaos due to their loss of authenticity. Lokpal may also add one feature to the already corrupt system. Corruption CANT BE ROOTED out this way. You need to over-haul the existing system before trying and adding one more pillar to the four pillars of our democratic regime.
Not agreeing with Anna Hazare does not mean I SUPPORT CORRUPTION. I am against the INJUSTICE and SUFFERINGS to the innocents. Hence, I am NOT ANNA HAZARE.
Comment by CA Gulab A. Singh — January 3, 2012 @ 22:19
Sir I want to know about registration of sole proprietorship.The bank is giving me notice regarding the registration and if i m going to registration what are the laws implications.My firm is situated in Uttar Pradesh.
Comment by Rishi — February 17, 2012 @ 21:12
Sir I want to know about HUF and how ti incorporate HUF. What documents r required to incorporate HUF.
Comment by Rishi — February 17, 2012 @ 21:15
You can form your HUF through small gift from parents at the time of marriage. Execution of Gift Deed of even Rs. 25,000/- is enough to validate the HUF.
Sole proprietorships can be registered only by way of Shop & Establishment Licenses incase you are operating from commercial premises (until there is a need for special licenses for special businesses like IATA, CHA, etc.)
Comment by CA Gulab A. Singh — March 10, 2012 @ 20:34
Sir I want to how how to maintain hospital a/c?
Comment by Srabani — November 22, 2012 @ 21:23
Accounting for Hospitals are as normal as accounting for others, except for some special treatments which needs to be given accordingly.
First of all, we need to know if there are subsidies or grants for running a hospital – ie., if the Hospital is run by a Charitable Institution or by Government / Local Authority. The tax implication and donation must be kept in the mind before paving the way for structuring of accounts.
If the Hospital is run by Private entities, then there are different treatments as it involves tax implications as well without any receipt of grants.
However, a Hospital Account must have Receipts and Payments Account so as to judge the cash flow. Income and Expenditure Account would form part of financial statements followed by the Balance Sheet. If you have any specific doubts, pls revert. Thanks for writing. Good Luck!
Comment by Gulab A. Singh — November 24, 2012 @ 22:23
dear sir
it is not working
Comment by Vipin Trehan — December 14, 2012 @ 20:07
Dear Sir
I am reading your blog first time. I endorse most of your views People like you are minority in the country who know and respect Vir Savarkar.I still remember Mani Shankar Ayyar making a negative statement about Savarker.
I found your views close to extreme hinduism, to accept openly this thing is a courageous act. As most of people of today’s world wear mask of psudo secularisam which itself in reality is to appease extreme islam exported from desert Land and some way is to fool the poor muslims by depriving them from modern light of education and making them permanent vote bank and colony of Arab.
I urgently need a carrer advice from you.
Due to not so strong will power , i did not joined CA Course in my youth, Now I am 37 years old having family, two children aged 8 & 10.
I am working as a executive in a Two wheeler manufacturing Co. and getting a package of 08 Lacks.I am working in Warehouse Section.My designation is Officer.
I do not enjoy my work it is repititive kind of activity with no scope of new learning or oppertunity. I am extreamly frustrated my life. and repent for not doing CA being a commerce Graduate, My carrer is stagnated. and do not see any light in this field.
I want to change. I have cleared ICWAI inter first Group in 2002 and CPT in 2010 but I could not pursue further due to my office frustration.
I live with my parents in our house. , my wife is a teacher earning 15000 and I have PF and bank Balance around 12 Lacs, My monthly expense is around 25 thousand.
Now my question is should I leave job and prepare for CA. i do not like to do job and longed for independence.
I can not clear IPCC along side with my job. As I hate my job very much and come home daily frustrated and cursing my self.
i am eagerly waiting your observation about my question.
Comment by Vipin Trehan — December 14, 2012 @ 20:22
Dear Vipin Ji,
Thank you for your very elaborate message on our blog post. I really share the ideas and concerns that was aptly put up at your end. I would be writing back on current politics soon (on this blog), as to how and why the people are being fooled in the name of reservation, caste-politics, linguistic politics and migration! Its really surprising that such politicians also get huge followers who at times go ahead and destroy the public property as well. Ex-Justice Markandey Katju had therefore, in the recent past, gave some controversial statement about Indians at large. Although I do not agree with him, but at the same time – his statement of “90% Indians are Idiots” would have emanated from such incidents arising due to vote-bank politics based on various criterias (set by the utter-smart politicians of India). Such politics goes on to divide the society further. And we Indians still read the age-old statement of “Unity in Diversity” ….. which I feel is really redundant now!
Look at the Karnataka BJP, where ex-CM Yeddyurappa black-mailed the BJP for too long ….. due to the backing of Lingayat community. So in short, if you represent a certain caste, religion or sub-caste who can really be influenced by you, then in such case, you can still rule the city / state / country (as the case may be) even if you are most corrupt or have caused a great loss to the Government Exchequer. Anyways, coming to your query on career, I would like to reply it separately.
Comment by Gulab A. Singh — December 18, 2012 @ 20:26
Vipin …………. Please don’t lose heart! Everything happens at the appropriate time! You just cant change your luck overnight ….. till the luck really favours you ….. commensurate with the efforts that would be putting in!
I have noted that at the age of 37, you are drawing a package of Rs. 8.00 Lacs, which is quite a decent figure looking at the fact that you are just a Graduate! Isn’t that an achievement in itself?
You have got a talented wife, who is also sharing the burden equally. Because of joint efforts, you have got a gestation period of 48 months even if the income going forward becomes NIL due to the fact that your expenses are Rs. 25,000/- but your savings are Rs. 12.00 Lacs! Isn’t that a good thing as well?
You have got 2 beautiful children who would grow up as a responsible human in around a decade’s time. Isn’t this a positive aspect too?
You seem to have grown-up in a well-cultured family, where you and your wife still believes in Joint family. You are being shielded (invisibly) by your Parents. Isn’t that great too?
Vipin, let me express my thoughts and advises straight …… although you may not be able to digest it so soon! Repetitive work cannot be boring either. Don’t we have the same repetitive schedule each day as far as the time that we spent at our house is concerned? Is this not frustrating – hmmmm I am sure its not frustrating, so repetitive work cannot be frustrating. Only the work which does not give a proper scope for further enhancement in career can be frustrating!
Only a “Degree” cannot give you a great career! How many of the doctors, CA’s, CS or Engineers do you think would be successful in all aspects of life? There are so many CA’s who just work as Accountants. They have constant stress of being ridiculed by the Internal or Statutory Auditors, so merely owning a degree would not be able to satisfy you. And you have to trust my words! Don’t you also think that there are lawyers who stand at the main gate of various Courts asking for small jobs from prospective clients; and there are lawyers who earn in lakhs each day carrying out only high-profile jobs! So degree alone should not be a necessary criteria for success, although it can provide a good backing to shoot yourself at the top!
If you really want to follow my advise, you must pursue your studies alongwith the job. I know the pressure would be too huge, however the professional degree that you would earn alongwith fulfilment of your responsibility towards your family would be immensely precious. Only “pursuing education” at this age can never be appreciated. Even if you earn Rs. 4.00 lacs in a year you should still keep the revenue meter ON. Sacrificing part of the earning is OK, but getting rid of your work responsibility in the name of education would not only be irresponsible but highly condemnable. I am sorry for being so straight, but frank advises are like good medicines which are not sweet / tasty but can cure many ailments.
Good luck! And I pray to God to give you the strength to take the right decision in the overall interest of your family as a whole!
Comment by Gulab A. Singh — December 18, 2012 @ 20:44
thanks for taking effort to write such great blog.
Comment by Mumbai Chartered Accountant — February 4, 2013 @ 14:29
Dear Sir,
Your input would help us in designing our blog in a much better manner. Some of the crucial posts would find place during March’ 2013. Thank you for your invaluable comment.
Comment by Gulab A. Singh — February 4, 2013 @ 14:36
Ur post, “From the Professional Desk of Gulab A.
Singh” was definitely worth writing a comment on! Only
desired to state u really did a superb job. Thank you -Guillermo
Comment by http://tinyurl.com/emptjacob49125 — February 7, 2013 @ 08:43
hey how do CA associations keep track of their work progress or their employees’ work progress?
Comment by Sandeep Bhatt — August 29, 2013 @ 12:29
great job done
Comment by Company Formation in India — March 12, 2014 @ 15:56
Carvalho Associates is a chartered accountant in Chennai offering professional auditing, accounting and business consulting service for business organizations.
Comment by maxwell — June 23, 2014 @ 18:25
Very nice blog…happy to read your post….
Comment by Auditors in Chennai — August 26, 2014 @ 18:32
Thank you very much !!!
Comment by Gulab A. Singh — August 31, 2014 @ 16:08
Very Nice writing on the subject ,keep it up and write more on Goods and services tax Also.
Comment by eserviceshelpin — August 16, 2017 @ 17:30
We shall try on GST soon with examples and explanations. Sorry for the delay !!!
Comment by Gulab Singh — December 17, 2017 @ 20:35