Can a statutory auditor conduct audit for 15 month period at the request of client. If so what are the tax & legal consequences??
Generally everytime we conduct audit for accounting year of 12m April to March.
This assignment is in addition to it.
Good After noon All,
Please suggest that, Security deposit given should be mentioned in Tax invoice also or should be return separately ??
Kindly share the check list and draft Report of Third party audit of PF Trust .
ThanQs in advance.
For an Indian Private Limited Company, if you have appointed an auditor, can that same auditor give services like GST payment/Return filing and TDS payments/Return Filing etc? Does law restricts that?
A Individual is having Turnover of Rs 60,00,000/- during FY 2019-20 And profit of Rs 180000/- (during FY 2018-19 he has filed ITR3) whether he required to get his books of accounts audited ?
I have a doubt, Instead of physical signature on annual accounts, is it permissable to sign the same with digital signature?
I have a Building Construction Company and i give construction for contractors who will recruit the daily wage workers and the daily wage workers are not constant throughout year .
Is ESI & PF is applicable ? if Yes ,
Who is liable to Deduct "Building Construction Company" Or "Contractors"
Thanks in Advance.
-Contract contains rate escalation Clause which is calculated and paid in next reporting period.
- historically rate escalation is recognized when paid
-policy changed from current reporting period and income is accrued based on robust estimation
-this results in income recognition of previous period and current period in same year
- auditor is challenging this and insist on resatatement of previous period
-we argue that this is change in estimates and no need to restate previous year account
From which Assessment year new threshold limit for Tax audit of 10Cr is applicable?
WE SOLD ONE CAR IN THE MONTH OF OCT 2020 , WE ARE RUNNING A PRIVATE LIMITED COMPANY , PLEASE LET ME KNOW HOW TO CALCULATE DEPRICIATION WITH EXAMPLE.
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