ONE OF A FIRM ASST-YEAR 2022-23 TOTAL GROSS RECT.12,34,500/- AFTER THE NET LOSS RS.13.500/-i INCLUDING PARTNER SALARY RS.1,92,000/- AFTER THE COMMUTATION TAX TOTAL INCOME RS.30,00-/(-AFTER DEPRECATION STATEMENT)PREVIOUS B/F LOSS RS.65,000/-( BUSINESS LOSS RS.22500/- DEER . LOSS RS.42500/-)
MY QUERIES
1) IF APPLICABLE ANY AUDIT .
2) THE FIRM AJDU THE LOSS IN CURRENT YEAR
THANKS

1. what is asi is all about ?
2. whether filling return of asi is mandatory ?
3. if yes, what is due date ?

In the first year, CA (1) appointed him self as the auditor of company XYZ. In the second year the XYZ hired another CA (2). Second year's filing done by CA (2) without official resignation of CA (1) . Soon it came to notice that the auditor has not been apointed for this year and CA (1) is asked to officially resign. Now CA (1) filed ADT 3 and resigned, but gave resignation in the current date.

Now CA (2) is not filling the ADT 1 even after taking the penalty of ₹4800 for the delayed appointment of auditor.

What could be the potential reason for not filling the form ? And what actions can be taken against CA (2) by the company XYZ ?

I want to kbow about finalization accouts. Which entry will be done .
Please explain in detailed .
Then how to count tax . How to do entry of tax in finalisation entry.
Thaank you.

While doing the Internal Audit (Luxury Car) of a car service centre, how should I perform the correct audit procedure?
While doing the vouching of sales, purchase, cash , what do I need to know before proceeding with the vouching. What question do I need to ask?
What are the other things I need to know or check while performing the audit?

Internal Audit of luxury cars which are directly imported from another country.

A company did RTGS of a cheque of amount Rs. 30,00,000/- to the client, Bank Charges deducted 95 and the amount got credited is 29,99,905/- and the bank charges is not reflected in the bank statement. How this entry should be recorded in the Company and as well as in the Client's books of accounts?

Hi All
We have few contract employees to running the payroll and they are working in XYZ organisation.
Now the XYZ organisation conducting internal audit, they asking us few declaration, Could you please send us the formats, as we are new to this type of audit
1) DECLARATION ON NUMBER OF INTERSTATE MIGRANT WORKERS DEPLOYED BY THE CONTRACTORS
2) DECLARATION PERTAINING TO DEPLOYMENT OF INTERNATIONAL WORKERS.
3) Register in Form D under EQUAL REMUNERATION ACT
4) DECLARATION ON LIST OF NATIONAL AND FESTIVAL HOLIDAYS APPLICABLE TO THE EMPLOYEES DEPLOYED AT SOCGEN

If Public company which is closely held company so is Caro 2020 applicable ?

Dear All,

Can anyone tell me are voucher are required to be prepared for Journal entries For Example If Payment is made by partner for Travelling, we pass the enter as follows:

Travelling expenses Dr. XXX
To Partner's A/c Cr. XXX

so for the above is Voucher is required to be maintain as we maintain if for Cash Payments.

Kindly clarify.

Thanks in advance

Dear Experts,

As we know minimum salary in DELHI is 21,800/- for graduate employee. Can we split this salary as per below : -
1) Basic Salary : 14,000
2) HRA : 5,000
3) Other Allowance : 2,800

Kindly advise.

Rakesh Sharma