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SIT on black money recommends ban of cash transaction above 3 lakh and cash holding more than 15 lakhs


Recommendations of SIT on Black Money as Contained in the Fifth SIT Report The Fifth SIT report has been submitted before the Honble Supreme Court by the SIT An extract of the report has been uploaded on Department of Revenue websitewww dor gov in The SIT has made the following recommendations in th

Govt considering having a new financial year


Government today constituted a Committee headed by Dr Shankar Acharya former Chief Economic Adviser to examine the desirability and feasibility of having a new financial year The Committee to submit its Report by 31st December 2016 The Government of India today constituted a Committee to examine the

MCA issues order regarding rotation of auditors


Ministry of Corporate Affairs has issued Companies Third Removal of Difficulty Order 2016 regarding applicability of the provisions of Rotation of Auditors as per Section 139 2 of the Companies Act 2013 PFA the enclosed attachment for more details

Government Notifies Rules regarding Fair market value


Government Notifies Rules regarding Fair market value and reporting requirement for Indian concern Indirect transfer provisions section 9 1 of the Income tax Act 1961 Under section 9 of the Income tax Act 1961 the Act any income arising from transfer of any share of or interest in a foreign company

Amendment in Rule 114H of Income-tax Rules, 1962


The Rule 114H of the Income tax Rules 1962 the Rules has been amended vide Notification No 48 2016 S O 2151 E dated 20th June 2016 In order to provide sufficient time to the reporting Financial Institutions for completing the due diligence procedure in respect of other reportable account referred to

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Experts Opinions

Documentarion while accepting a statutory audit


Can anybody help me regarding documents to be collected at the time of acceptance of statutory audit engagement

Adt-1 in case of change in constitution of auditor


Does ADT 1 is needed to file in case where Pvt Ltd Co appointed Auditor Firm proprietorship as Auditor for five years but now the same has been converted to partnership audit firm If yes then please explain the procedure Does EGM need to be called and ADT 1 need to be filed and does this reappointme

Bank audit


Hello Experts Can any one tell me that how to do the concurrent audit of banks please guide me

Tax audit for construction company


Experts I am running a pvt ltd construction company having turnover of Rs 46 Lac my net profit is 45 Do i need to get tax audit under income tax act

Audit paper


any amendment for nov 2016 for audit paper

Discussion

Emapanelment of bank audit

I would like to get the advice for renewal of MEF 2016 17 Bank Branch Statutory Auditors empenalment The last date was of online application was 25th July 2016 It ascaped by me Is there any way to complete the empenalment process If anyone can advise suggest the way out It will be highly appreciated

Vat audit report in wb

How much is the late fee to be paid on delayed filing of VAT Audit report Form 88 under West Bengal VAT Act

Auditor not appointed within time limit

If in case of Private Limited company an auditor is not appointed within extended time limit of 90 days by members in Extra ordinary General meeting EGM also then what are the consequences and procedure to appoint the auditor Please help thanking you for your anticapted cooperation

Ca final law and audit

I am unable to pass in law and audit How to prepare for them Which books to refer Please help Thank you

Ca final , ind-as syllabus in financial reporting

Hi I want to know the IND AS syllabus Applicable in November 2016 Exam And also suggest from where should I study IND AS as I have not done any classes for the same Thanks

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Ind AS 10: Events occurring after the reporting period


Background Today we live in a dynamic business world where changes in business environment are eminent Some of these changes are important for users of financial statements such as shareholders because they play a key role in decision making In order to bring about uniformity in changes in business


Analysis of Audit (CA Final) Paper for May 16 Exams


Paper Analysis Suggested Answers Common Mistakes CA Final May 2016 Exams Generally audit paper from past 4 attempts was of 7 pages but this time it increase to 11 pages 57 increase Questions of around 50 marks were from PM rest of 70 marks questions were new from module SAs Level of Questions Marks


Service Tax Audits by Department - Legal Position


INTRODUCTION Service Tax law operates under the concept of self assessment wherein the assessee self assesses his tax position and pays the service tax dues at periodic intervals prescribed therein Details of the business transactions are disclosed to the revenue by filing of the service tax returns


Forensic Audit - A Modern Day Thrust and Thirst


Introduction In the recent past more so in the previous decade accounting and auditing community witnessed and in fact confronted and gone through scandals emanating from fraudulent and manipulative devious and dubious accounts These shames outraged not only the auditing community but the public at


Audit and Auditor as per Companies Act, 2013


Chapter X of the Companies Act 2013 deals with Audit and Auditors Section 139 Appointment of Auditors 1 Every Company shall at the First Annual General Meeting appoint an Individual or firm as an Auditor who shall hold office from the conclusion of this meeting until the conclusion of sixth Annual g


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Updated on : 8/2/2016 3:01:09 AM


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