For office lift maintenance purpose payment made to XX Ltd worth Rs 30000 attracts tds under 94C or not ???

Sir,
I want to know that if a pvt ltd co. unable to file his income tax return & not doing his audit since date of corporation.than what will the department do at this point.please clarify.

I seek your guidance in the following matter :
Para 1 of the Companies ( Auditors Report ) order 2015 excludes a Pvt. Ltd. Co. if its share capital & reserves are less than Rs. 50 Lakhs , has not taken a loan exceeding Rs. 25 Lakhs from Bank & does not have turnover more than Rs. 5 Crores .
I have a Pvt. Ltd. Company which fulfills all these conditions & hence excluded from the Report Rules .
However , the same Company has :
(a) Defaulted in payment of Service Tax & other statutory dues for more than 6 Months ,
(b) Accumulated loss which wiped out its Reserves & Surplus completely , & (c) Has incurred Cash loss in 2014-15 & 2013-14 .

In these circumstances , should I qualify my Report or Not ?

Please do enlighten me on the above matter

Our Statutory auditor is asking for every working like:-
1.Reconcilation of st-3, tds return with books of accounts.
2.Related party transaction like amount of directors remuneration, sale made to sister concern during the year.

Our electronic software depicts every information still she require working from our side.
She has to report in notes to accounts or audit report whatever is the purpose but i just want to ask whether is it the CA profile ask the client to do the working and quote the figure in the report as it is.????????????Please reply

what is the difference between one person company and proprietor ship?

Hello, hw to verify bank reconciliation statement & tds of a non profit organisation,to be specific, a medical college?

Respected Sir's

I have filed Q4 TDS QTRLY RETURNS FOR 24Q. AFTER THAT email recd from traces that " Regular Statement filed is processed with defaults and / or PAN errors u/s 200A ". How it will be rectified, can we file revised returns , what is the time limit..please advice me,how it will be closed without errors ( PAN NO'S ARE CORRECT,FROM LAST 4-5 YRS WE ARE FILING ) THANKS IN ADVANCE RAMA

Dear Sir,

We know that an independent auditor should not provide certain non-audit services to the client and one among them is investment advisory services.

If an independent auditor is giving some presentations ( Projections of profitability, cash flow etc of the client ) before the prospective investors ; would it be considered as in the nature of investment advisory service ?

Kindly explain.

Thanks in advance for all your inputs.

My last year ( FY year ending March-14) turnover is audit case (above one crore) i got my books audited.
Current year ( FY year ending March-15) turnover is less than one Crore.
Am i liable for Tax Audit.


Till now i have not taken TAN, am i liable to get the TAN, if i have not claimed any expenses above the TDS limit.
Because as per by business situation in future my turnover will be less than One crore thats why i dont want to take TAN.

Please guide.

Hi.. There is an asset management company (private) which values its investments in equity & mutual fund at cost. Whether accounting treatment is correct. AS-13 (Accounting for investments) is not applicable to the company.

Please suggest.