hi please give response to my query, If asessee has not get audited their books of account within due date and also not in reasonable time so now wether he can do so the same after six month at the end of due date?
since interest and penalties wetre to be paid due to default done by party.. so why it cant show as debit from capital account.. there is any reasonable justification about showing in debit of P/L ?
Under which section if maintenance of Fixed asset register mandatory now after companies act 2013 became applicable?? as earlier, A fixed asset register was to be maintained under section 209(1)(c) of the Companies Act. 1956.
whether a company recover loan amount from its employees in cash or can adjust the amount of loan from thier salaries.
can employee paid his loan by bearing expenses of company?
if company paid loan to relative of one of directors then what are the possible ways to recover the loan from them????
I want to ask suppose one of my client has net business loss of 20000 and agriculture income of 19 lacs and he wants to get his accounts audited as having business turnover of Rs.30lacs although not liable for 44AB tax audit.
So can 3cd report be issued for such voluntary audit and if no , please suggest the format and does audit report need to be uploaded on income tax website and what will be his due date for filing returns?
Dear Sir, Wat is internal audit and external audit Plz can any one help me on this
There are three business of an assessee B-1 Turnover from manufacturing - 40lacs B-2 Turnover from manufacturing - 30lacs B-3 Turnover from retail trading - 40lacs.....u/s 44AD the assessee has offered 8% of turnover as income for B-3 will 44AB be applicable in this case as the turnover excluding 44AD business does not exceed 100 lacs?
Can anybody help me in the following issue.
I am facing problem in revenue recognition.
My client is into the business of providing links on an agreement.
Invoice raised in march,2014 for which services to be rendered during Apr,15 to June,15.
When to recognise this revenue? FY 14-15 or FY 15-16.
Sir,As per companies act 2013 Schedule II we have to calculate depreciation on number of years basis.My doubt is one of my client have partnershipfirm but the assets of firm was transferred to Company in the year 2007.From that year onwards depreciation calculated as per Sch XIV of Companies act 1956 in the company.In regard this my doubt is how to calculate depreciation for Financial year 2014-15 on Transferred assets whether WDV of transferred assets will be taken as Purchase value or any other calculation? Please reply ..
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Income tax audit