Dear all,

Pls tell if there is any penalty for late filing of cost audit report in XBRL mode for the f/y 2013-14.If yes,pls tell the penalty.
Thanks
CA Vartika

I am working in a private limited company having a turnover of less then 1cr. No Auditor has been appointed nor any balance sheet has been filled. So now what should be done.

Please advice

our client has paid interest to one party. for the 1st half as 15g was submitted no tds was deducted. but for 2nd half no 15g has been given. so on what amount tds should be deducted....on full amount or just 2nd half interest?

I'm working in a X co, auditing firm. whether my independence is affected to audit A Ltd if my father is a vat consultant of A ltd.

I have a slight problem working out the bep for a service rental company.

company buys a product for 499(incl shipp and tax).
sells product for 649 (this includes installation and 1st month subscription)
foe the next 11 months the client will enter into a 1 to 5 yr agreement as a rental @ 399/month.

399 per month is pure profit.

how would i work out the bep for this example??

which book is most better for auditing

Chaturvedi & Shah is member firm of Nexia International but signs annual report in its name, However PwC, Deloitte, etc are again network firms but they sign in their name only

So, confusion which name should be used or it depends upon the auditor .

For a Pvt. Ltd. company with following turn over
a) FY 11-12 4 lakhs
b) FY 12-13 0 (Zero)
c) FY 13-14 20 lakhs

Audit under tax is not required, while audit under company's law is required/

What is the practical difference? In company's law, if the lawer is any way checking all details, like bills etc. what is the point of not submitting audit under income tax act?

what is the block sampling?

whether amendments are applied of companies act 2013 or not for nov 2014