partnership firm audit

News

Exemption for audit of accounts u/s 44AB increased to Rs 2 crore


The existing provision of section 44AB of the Act inter alia provides that every person carrying on the business is required to get his accounts audited if the total sales turnover or gross receipts in the previous year exceeds one crore rupees The threshold limit for applicability of presumptive ta

Presumptive income scheme for audit of entities raised from Rs. 1 crore to Rs. 2 crore


Finance Minister unveils string of measures towards Ease of Doing Business Presumptive income scheme for audit of entities raised from Rs 1 crore to Rs 2 crore Threshold for maintenance of books for individuals and HUF more than doubled Individual Insurance agents earning below taxable limit to be e

Bank Branch Auditors Panel for the year 2016-17


Dear Colleagues Please find placed below Final Bank Branch Auditors Panel of Chartered Accountants firms for the year 2016 17 To view your category and remarks thereof if any please click on the relevant interval MEF00001 05000 MEF05001 10000 MEF10001 15000 MEF15001 20000 MEF20001 25000 MEF25001 300

Next Level of TDS Compliance in Year 2017


Dear Deductor Centralized Processing Cell TDS wishes you Seasons Greetings and a Very Happy New Year 2017 The past year witnessed a fantastic journey for CPC TDS in many ways with your valued partnership as our key stakeholders While we observed all round healthy improvement in TDS Compliance throug

Draft Bank Branch Auditors Panel for the year 2016-17


Please find placed below Draft Bank Branch Auditors Panel of Chartered Accountants firms for the year 2016 17 To view your category and remarks thereof if any please click on the relevant interval MEF00001 05000 MEF05001 10000 MEF10001 15000 MEF15001 20000 MEF20001 25000 MEF25001 30000 MEF30001 3500

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Experts Opinions

Howto reply audit objection for purchase unregistered dealer


Due to small vendor the dealer has not been registered under the sales tax assam it has not been levied any tax rates upon the bill So what to do regarding this type of payment

Partnership with minor partner


is it possible to form a partnership firm with one minor partner and one major partner Thanks in adavance

Private limited co. or partnership firm


This Query is Private Limited Co Vs Partnership Firm Beginning from a Scratch there is a dilemma in What to go for whether register as a Private Limited of Partnership firm If I go for Private Limited Co will I be bound with various mandatory compliance essential regular formalities and if I go for

Goldman sachs internal auditing deptt


Can anybody tell me what question GS put up for internal auditing deptt Also if some1 can gve me internal auditing readings den it ll be a big help

How to remember auditing standards numbers easily


Somebody tell me how to link an Auditing standard number to its Name and remember it easily I know one such example SA 550 is both 5 and 5 are similar and Related Parties to each other Please help me with other standards

Discussion

Cost audit under cost audit rules 2014

Dear Experts Need clarification Assuming Cost audit is applicable to a company not a micro or small company under MSME act having multiple product or multiple services Say X Y Z assuming Table B unregulated for cost audit rules Turnover in 2015 16 of X not covered under Table B 80 Crore Turnover Y c

Consolidation of partnership firm

Dear Friends 1 When Consolidation of Partnership firm by a Company is required 2 What informations are required to be included in CFS of the Company in this case 3 How Minority Interest and Goodwill capital Reserve in this case is computed Please kindly suggest

Partnership name

Hi All I am planning to start a partnership firm which is related to services Is there any restrictions in naming the company If my business name is ASDF How it can be named ASDF Services does it enough or it required partnership in end of the name ASDF Services partnership Or can i use Inc Pvt ltd

Auditor : appointed as director

I want to know whether an auditor can be appointed as the director of company or the director can be appointed as the auditor of the company Sec 141 does not give any specification about this qualifiaction Does anyone know the answer

A partnership firm become a partner in another firm

A Partnership firm become a Partner in another Firm Please Explain

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Articles

Applicability of Audit


Mandatory Audit All the major audits are discussed below in this article It will be helpful to the readers to establish which all type of audit is mandatorily applicable to him I have tried to make this article very easy to understand 1 Tax Audit Tax Audit is mandatory under section 44AB of Income T


FAQs on auditor


Who Will Appoint First Auditor Sol As per Section 139 6 First Auditor will be Appoint by Board of Directors of Company within 30 days of Incorporation of Company If Company Incorporated on 1st March First BM held on 15 03 and second on 25 03 In such situation whether company have to appoint auditor


Audit Amendments Notes for May 2017 Exams


CA IPC Audit Amendments May 2017 Amendments Company Audit I Sec 139 to Sec 148 1 Sec 139 Rotation of Auditor Old Provision Provided also that every company existing on or before the commencement of this Act which is required to comply with the provisions of this sub section shall comply with the req


Filling of unaudited financial statement


BACKGROUND Many professionals have been raising question on filing of unaudited financial statement with ROC in case of adjourned meeting or non holding of AGM Situation The Companies Act 2013 mandate on Companies to file duly adopted financial statement with ROC within 30 days of date of Annual Gen


Cost audit and cost auditor


ROLE OF COST AUDIT Government needs authentic and reliable data of cost for various purposes like price fixation of controlled commodities The information is also useful in various decisions like fixation of duty drawback export incentives amount of excise duty the product can bear deciding whether


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Updated on : 2/19/2017 12:20:19 PM


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