If a case is filed on the statutory auditor for filing returns which were misappropriating the profits and balance sheet figures, for the year F.Y.2015-16. Then can the company file the successive returns on the basis of the earlier filed returns, irrespective of whether they are true or fair?
I HAVE REVISED A TAR AND GENERATED A NEW UDIN OF THE SAME. I ALSO HAD GENERATED A UDIN FOR MY ORIGINAL REPORT. NOW ON THE PORTAL FOR UPDATION OF UDIN BOTH ORIGINAL AND REVISED TAR ARE SHOWING. SO MY QUERY IS THAT WHETHER I HAVE TO UPDATE BOTH ORIGINAL AND REVISED REPORT AND IF SO THEN BY WHICH UDIN NUMBER?
Eway bill was rejected by the buyer but the supplier did not cancelled eway bill and einvoice. Can new eway bill be issued on the einvoice. Please clarift?
I am starting out as an accountant at a sole proprietorship firm. My firms OD renewal date has reached and the owner asked me to prepare estimated and projected balance sheet for the current year and next year.Can anyone help me understand what are the things that i need to consider before preparing the estimated and projected balance sheet and P&L. What are the things that i need to consider before submitting the details and whether the bank can hold these information against the firm and deny the OD.Thanks in advance
What about UPAS LC? Should it be required to book the UPAS payment in the book as well? UPAS payment is not in our control. Confirming Bank discounts the bill with some other banks and disburse the payment to beneficiary. LC liability lies with confirming bank until it matures. And upon maturity if i do not book the liability to to my book, will that be a problem which may trigger restatements of the previous accounts?