A Practicing Chartered accountant has been appointed as an auditor of a Municipal Corporation. The municipal corporation owes the auditor a sum of Rs. 20,000 on account of tax due.

Will accepting the audit of the municipal corporation in this case will amount to professional misconduct.

Kindly explain the term tax audit.

Dear Experts,

Could i have Purchase policy (Capital Expense) for a Private company.

Thx

Dear & Respected All,

I am a student of CMA (Cost Accountancy ) & want to know that please suggest Hindi medium book for subjects like Operation Management & Auditing .

Thanks
Anil

how to calculate...
1. penal charge for non submission of stock statements ?
2. concept of review charges ...

how and when is rotation of auditors become applicable under the new companies act?

Dear Sir/Mam,
Please tell me how to do the audit of cooperative society? And who is eligible to do this? And also tell me which itr form have to fill for it

Dear Sir,
We have paid TDS for 2011-12 in 2013-14 due to unawareness. Amt of TDS is 53000/- paid as per our tax consultant said. Can you please tell me penalties for it. and is it required to pay Income tax on that bills of 2011-12?
The amount of labour bill is 32 lacs. And as per consultant we have to pay 10.56 lacs. and this amt is too big for us.
Please guide us

IN COMPANIES ACT 2013, A CA CAN ONLY AUDIT 20 COMPANIES. NOW WHAT WILL BE INCLUDED/NOT INCLUDED IN THIS NUMBER, IS THEIR ANY EXPLANATION IN THIS REGARD AS PER ICAI OR OTHERS, OR THE PREVIOUS GUIDELINES WILL APPLICABLE IN THIS REGARD.

Hi all, i am doing concurrent audit of one bank while observing cash credit a/c i found that in one a/c bank has charged interest @ 14% while as per sanction interest should be charged @ 13%. what should i do? They told me that they can give retrospective effect upto 6 months only.. what will be the consequences of this? how can i calculate interest manually? So that i can report it. Please reply all at the earliest as it is of current month i have to finalise my Audit Report.