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

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

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.?

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.

Dear Sir,

Can a DIRECTOR of parent company can be appointed as auditor of subsidiary company.

I am in confusion regarding meaning of audit & tax audit and what is difference between them. Please help in clearing my doubt I shall be really obliged to you.

Respected Sir and Madam,

If a company is having a Power plant and generating Electricity, selling it to Govt , For that sale of electricity what is the tax liability and under which act. Weather sale of electricity will comes under Sales Tax? Please clarify my doubt.

Thanks in advance

plz give me format of audit report cmpany having caro not applicable.. my email id is payalbansal435@gmail.com

Dear Sir,
The manufacturing unit of a small private limited co. (turnover around 1.5 crore per year) is audited for EA 2000.
In the Balance sheet of company, an amount Rs. X,XX,XXX/- is given against "Directors Remuneration" for year 2011-12 and 2012-13. The auditor has asked to pay the Service tax on this Remuneration for these two years.

My query is as follows
1) Is it necessary to pay this as per Service tax notifications ? for 2 years
2) Can the factory avoid this large amount of payment showing employee - employer relation between directors and company but the balance sheet wording is "Remuneration".
3) If factory pay this big amount, Is it eligible for credit in excise and can be utilised for clearance of finished goods.

Please guide about the problem

Regards

If a society is carrying on charitable activities of education institutions and is approved u/c 10(23C) and the following defects are found in the return after the scrutiny u/s 142 started:

1) On some expenses TDS was not deducted
2) Payments were made which were ineligible as deduction due to 40(A)(3) dis allowance.

Since, the entire income is exempt under section 10(23C), will any tax be leviable on these amounts or not?

Please reply. Its very urgent.