Sir,
Please read the case as below,
One person has been nominated as an Independent Director of a Govt Company by the concern State Govt. That very person has been a Supplier of various goods as well as buyer of products from the same Company for a long time. Further, the said person has also been made a member of the Audit Committee by the Board. To the best of my knowledge, person having pecuniary relation with a company can not hold such position.
May I know your take on the subject and some more insight to this type of a situation. Is it legally tenable, as far as the new Company's Act is concern.
Thanking you,
Yours truly,
Amitabh Barooa
+919435048010

If an audit report(3CB-3CD) was filed but in the attachments, for balance sheet and Profit and loss A/c only 1 page each for both was uploaded without any annexures.

Are there any consequences of filing revised Audit report just to correct the mistake in these attachments?

Please reply. Its very urgent.

please describe all the points which an auditor is required to check while conducting company audit?

Dear Sir,

1. I would like to know whether deep sea Fishing Income comes under agriculture Income & exempted under section 10?

2. If yes, gross income morethan 1 Crore, then Whether Audit is required???

Pls reply ASAP
CA Rupesh Agrawal

Can a Chartered Accountant use Domain name/Website or ICAI has some restrictions over this too?

If there are no restrictions, then up to what extent these service can be used by him for his profession?

who can do an audit of c.a. firm???

What is the financial implication of Demo car in the books of pvt ltd co.? Is it treated as fixed asset or inventory?

Does demo cars have RC?

Bank has debited three amount in our account towards payment of sales tax for same amount however we received only one challan against three debit. Surprisingly two amount debited by bank towards SA tax but not appearing in 26AS Tax credit statement. Not able to trace where amount is lying .Now we are making follow up with bank and Sales tax.

Its matter of April 2010

Please guide

Bank has debited twice in our account towards payment of tax for same amount however we received only one challan against two debit. Surprisingly second amount debited by bank towards SA tax but not appearing in 26AS Tax credit statement. Not able to trace where amount is lying .Now we are making follow up with bank and Income tax.


Please guide

how cash profit is calculated ?