Earlier the client was receiving some amount on account of rent of his guest house. Now he wishes to transfer the amount received into his HUF account for availing Tax Benefits.

Can he do so?

If yes then is there a need to change the Rent deed made earlier?

A client of mine wishes to split some money into the account of wife and kids and thereby purchase some mutual funds. My query is:
1. Is there a requirement to execute a Gift Deed?
2. Can he do so?
3. Tax Liability on such transaction?

Hello Sir/Mam,

Please tell me detailed procedure of approval of audited balance sheet by directors and shareholders, approval/signing of annual return and roll of AGM in all that.

please tell me sections also.

Survey Operations were conducted on the Assessee, Addln Income was offered on Physical Stock. What is the Mandatory Compliance to be made in Audit Report and Accounting Policies and Notes to Accounts.
only 2 Registers were Impounded by the Tax Authorities. what are the compliances to be filled or written additionally in the form and Notes
Please Advice !!
Thank you very much in Advance.

in cash flow statement where is long term advance recieved shown and what with such advance given

What is mend by forensic audit? WHEN Applicable?

Hey friends please make me know about relevant sections of companies act 2013 applicable for ipcc audit may 2015 It will be better to mail me on below mentioned mail address
chandan.rao2194@gmail.com

Hey friends please make me know about relevant sections of companies act 2013 for ipcc audit may 2014
It will be better to mail me on below mentioned mail address
Chandan.rao2194@gmail.com

For segment identification; can we consider quarterly results of divisions?
In last quarter, profit of one division has exceeded 10% threshold limit but upto last previous year results of that division had not exceeded 10% threshold limit,thus not reported as segment. But during last quarter July'14 to Sep'14 result of that particular division has exceeded 10% of total result of the company.
Should we wait to identify segment upto March'2015 or we can report segment wise on the basis of quarter results only?

one of my client is a builder, the following is the case study: -
Project duration - 3 years
Total Flats:- 9
Total Shops:- 4

1st year No agreement done so clolsing WIP is same as actual cost incurred

2nd year:- 4 flat agreements are done, but no revenue recognising in that year. whatever cost incurred till date + profit margin = closing W.I.P. for the project which Exceeds Rs. 1 crore.
so my 1st question is whether Tax audit is applicable or not?
total agreement value is Rs. 92 lacs
so my 2nd question is whether vat audit is applicable or not?