If turnover of purchase crosses 1 Crore whether a firm liable for tax audit under sec 44AB of income tax act

We have leading Ready Mix Conctete(RMC)plants all over India and having Turnover of morethan 100Cr.p.a. Now my query is whether our company applicable to Cost Audit for F.Y.2013-14.As RMC comes under CESHN 38245010.The said RMC comes under "Miscellaneous Chemical Products".Till last year(2012-13),we have filed Cost compliance Reports.Kindly resolve my query.

Sir in 11-12 we forgot to take one bank ac.in audit report.now v came to knw the ac.in 12-13.should we also revised our return in income tax Dept as this is an NGO having audit.or we can give effect in 12-13 Balance Sheet.if v revise return of I.tax what problems we will face.

Dear Sir, I m Sudeep From Raipur an assessee doing share trading personally. In ay 2013-14. I hv a loss of 34107 from intraday share trading. Being speculation loss Whether it should be audited? And if yes under which section? Books of ac's is required to be maintained? I hv heard that capital income and speculation income doesn't attract tax audits. Only normal business income comes under it. Also I hv admit it on my itr for carry forward without audit. And after sone time I hv received a notice u/s 143(1). In which department has added that loss of 34107 as profit under business and profesion head. And claim a demand of tax. What I hv to do? Pls clarify me thank you.

A very Happy Morning to you all.

My query is," the operations of company is closed from Jan 2013. Can you please clarify if statutory audit is required to be done, as there is no transactions between april 2013 - March 2014."

Will be thankful for your due anticipation

Regards & Thanks

Dear Experts, i want to knw the provisons n applicability of ESI n EPF over contractors labour. whether ESI n EPF provisions b apply to them even they r not permanent employes of company???

A Student taken a Education loan from bank.

The Bank has payment the Fee directly to Collage through DD of regarding Education Loan .
Query of this when Bank issued a DD for payment of fee then not DD Charged From Student .

the DD charge mention in Service Charge of Bank
Please Expert express his Opinion
why bank relief to DD charge for Student .
what is not loss of Bank revenue .

Dear Experts,

Please suggest whether the following situation would cover in Prior Period ambit:- ??

A compliance Cert. issued by the Company Secretary for Rs. 10,000/- during the current year ..i .e. bill dtd 15/Mar/14, which pertains to financial year ended 31/March/2013.

Whether provision of Prior Period Items would apply in this situation (Ref to AS-5).

Hoping for a prompt response in this regards.

Thanks

Dear Experts,

Please siggest whether the following situation would cover in Prior Period ambit:- ??

A compliance Cert. issued by the Company Secretary for Rs. 10,000/- during the current year ..i .e. bill dtd 15/Mar/14, which pertains to financial year ended 31/March/2013.

Whether provision of Prior Period Items would apply in this situation (Ref to AS-5).

Hoping for a prompt response in this regards.

Thanks

AS 11 has not specified that which rate should be taken for recording an import transaction.Should we take the RBI rate or rate given by CBEC?