Audit QnA - Page No 210

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Trupti

08 November 2013 at 16:07

Caro applicability

If a pvt company fulfills all conditions relating caro applicability I.e paid up capital reserves is less than or = 50 lacs, o/s loan from Bank or financial institutions is less than or = 25 lacs and turnovers does nt exceed 5 crores BUT it has accepted public deposits. Is caro applicable to that company coz it has accepted public deposits? Or is public deposits included in limit of 25 lacs ?

Anonymous

07 November 2013 at 11:41

Applicability of cost audit

Dear sir,

We are engaged in production of CI/ DI Castings including brake drum used by Tata motors for there automobiles(under subheading (87 of Excise) our turnover of FY 2011-12 Was Rs. 205 Crores.

My query is that weather cost audit is mandatory for us or not.

if mandatory in what ground.

kindly give me suggestions on this...

Anonymous

06 November 2013 at 15:45

Form 23b

What are the consequences of not filing form 23B and late filing of form 23B. Please provide me penal provisions if any

Kamlesh Temani

06 November 2013 at 12:51

Bank audit

How to check Income or Revenue Leakages in Concurrent Audit?

ramraj.kv

06 November 2013 at 09:42

Transfer of article ship...

how to transfer articleship from one firm to another...

JAYAKUMAR.M.G

04 November 2013 at 11:19

Applicability of caro 2003

Sir
Inrespect of a Private Limited Co who's Paid Capital is Rs 21 Lakhs and turn over Less than One Crore and Closed their loan amounting to Rs 95 Lakhs during 2012-13. Whether CARO is applicable for 2012-13 and for next years. Please note that as on 31.3.2013 there is no amount outstanding to any Bank or Financial Institution .
RGDS

Anonymous

01 November 2013 at 17:39

Tax audit

Dear sir,
I am doing medicine business, turnover is 90 lacs and profit is 7%. Then will i have to do tax audit? answer as soon as possible

CA Prasanth Viswanadh

01 November 2013 at 17:16

Branch audit exemption rules

WHAT IS THE MEANING OF 2% OF AVERAGE OF TOTAL TURNOVER OF THE COMPANY, AS GIVEN IN COMPANIES BRANCH AUDIT EXEMPTION RULES 1961

HOW TO CALUCULATE ABOVE AVERAGE ?

IT IS SAME WAY AS THE AVERAGE CALUCULATED IN RESPECT OF AVERAGE QUANTUM OF ACTIVITY.?

Anonymous

01 November 2013 at 17:04

Eligible for tax audit or not

Dear sir,
"A business having less than 1 crore of turnovers and also profit is below 8%. In this case, the business would have to do TAX audit or NOT. Please answer the question as soon as.

Anonymous

01 November 2013 at 16:28