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?

once the turnover of indivdual exceeds 1 cr he is subject to tax audit. wat if in d next financial year turnover is less den 1 cr?? is he subject to tax audit?

Is there any amendments in audit applicable for May 2014 exams as there is no notification on ICAI website for this?

Dear Experts, i want to know the provisons of Tax audit. if an assese is laible for tax audit in Fy in which its turnover was 1 crore bt if its turnover in next FY reduces from 1 crore, will he b laible for tax audit for the next FY

Dear Experts, i want to knw if an assessee whoes turnover exceeds 1crore then he is liable to Tax audit but if subsequently his turnover gets reduce from 1 crore in next Financial year then also will he b liable for TAX AUDIT or not??