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.

Major concerns during statutory audit of companies according to new companies act 2013.

Hello and Good Morning Everyone,

I have query regarding statutory audit of pvt ltd company engaging in education (coaching,etc.) sector.

I want to know the steps from the very beginning of stat audit of the said company. Also, let me clarify how to do this because I am only the article assistant in a ca firm and not done any audit before.

Please share your knowledge.

I had already uploaded 3CB & 3CD within 30 Nov 2014 but not approved till date.
1. what will be the consequences?
2. what will be our next step, whether approve now or not?

If business Turnover is around 87 lakhs and other incomes from (rent or Interest) is 17 lakhs, so my question is that is Audit applicable on it or not in ITR-4.

Mr X CA IS DIRECTOR IN SUBSIDIARY CO.CAN HE AUDITOR OF HOLDING CO.IS THERE ANY DISQUALIFICATION OR PROFESSIONAL MISCONDUCT IF HE ACCEPT

is the same rate of depreciation charged on remaining life of assets which we will calculated in this f.y 2014-15 on old assets?

Sir/Madam,


Please help me in the given situation---


A printer purchased as on 27/08/2008 for Rs. 11,076.00 useful life upto 31/03/2014 is 2043 days ,useful life as per Co Act'13 is 3 years so the remaining life is (948) days.

Now the co wants to change the method of depreciation from WDV to SLM basis.


As per Co Act '13 the remaining life of that asset is 'nil'. So the balance as on 01.04.2014 to be adjusted with retained earnnings.



My Calculation shows that the Value of the asset as on 31.03.2014 as per WDV method is Rs.652 and as per SLM method it is Rs.1027.




Now my question is what amount should be charged ??/

Rs.652 or (Rs.375) <--[1027-625]








Thanks in Advance