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foreign exchange audit

News

Detection of black money by Government


Recognizing various limitations under the existing legislation Income tax Act 1961 etc the Government enacted a new law The Black Money Undisclosed Foreign Income and Assets and Imposition of Tax Act

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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 20

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Clarification regarding threshold Limit of tax audit under section 44AB and 44AD


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi the 20th June 2016 Sub Threshold Limit of tax audit under section 44AB and section 44AD clarificat

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New and revised standards on auditing


Revised SA 700 Forming an Opinion and Reporting on Financial Statements New SA 701 Communicating Key Audit Matters in the Independent Auditors Report Revised SA 705 Modifications to the Opinion in the

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Preparation of Panel of CA and Firms having experience for Forensic Auditing


Central Bureau of Investigation CBI has sought the help of the Institute of Chartered Accountants of India for investigation of important Forensic Audit assignments Chartered Accountants firms having

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Experts Opinions

Dealing in f&o nse is the audit required


Sir as i would like to know the limit for trading in F O in NSE what is the limit for the audit required as i have been informed as for F O usually it is net based so audit is required

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Foreign assets reporting in income tax return


An indiviual paid application money towards purchase of shares of foreign Company Foreign remittance was effected in Jan 16 Same was held as application money as on 31 03 2016 Please advise where to s

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Query regarding audit us 44ab


SIR I ONE OF MY FRIEND DOING THE BUSINESS OF WHOLESALE CONFICATIONARY AND HIS TOTAL SALE WAS 86 50 LAC VAT RECOVER 10 37 LAC WHILE PURCHASE 80 37 LAC VAT PAID 9 89 LAC AS PER TIN NO RETURN HE GOT PROF

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Foreign exchange fluctuation


Dear Expert Please explain how foreign exchange gain or loss is calculated and booked in books of accounts For e g I have raised an invoice in USD to my client on date x when rate was lets say Rs 65 C

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audit


how to improve presentation in audit subject of ca final

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Discussion

Cabinet increases the limit for foreign investment in Stock Exchanges from 5% to 15%

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for raising foreign shareholding limit from 5 to 15 in Indian Stock Exchanges for a stock exchange a depositor

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Books of accounts are maintained but is audit u/s. 44ab of it act necessary? if

In Financial Year 15 16 the sale turnover is 68 lakhs and net profit is only 1 71 lakhs in case of a partnership firm engaged in the bus of trading pls clarify

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Tds deduction on contract given to foreign company for ay 2003-04

An Indian company had given contract of road construction to a Foreign company Indonesian in India in AY 2003 04 The foreign company files return in India and has office in India At what rate should t

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Requirement of tax audit

its urgent is it required to get tax audit if loss booked by partnership firm in A Y 2016 17 please provide source also

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Ca final auditing -pm

Hi All How much dependable is PM for Auditing CA Final Thanks Sudheesh

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File Download

  • Standards on Auditing

    STANDARDS ON AUDIT IN CHART

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  • Ind AS 7 "Statement of Cash Flows"

    This is the summary of Ind AS 7 It prescribes Objective Scope Operating Activities Investing Activities Financing Activities Some Specific Terms like foreign exchange fluctuation Interest Dividend etc

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  • IPCC auditing May 16 suggested answers

    I spent m valuable time to compile the answers I hope you find useful If u dont like it please don t see it

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  • Tax Audit Programme AY16-17

    Tax Audit Programme for PY 15 16 AY16 17 covering ICDS although not applicable and 3CD reporting

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  • Companies (cost records and audit) Amendment Rules, 2016 Eng

    Companies cost records and audit Amendment Rules 2016 English Version

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Articles

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


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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 De


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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 d


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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 Audi


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CSR - Auditors' Responsibility to Qualify in Audit Report


Corporate Social Responsibility CSR is a mandatory spend stipulated by the legislation which requires the Board of Companies that falls within the criteria specified in 135 1 of the Companies Act 2013


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Updated on : 7/28/2016 1:39:11 PM


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