Sandipkumar Ambaji Patil

If any body have housing society audit report in Marathi format. please send to me on below mail id.
shu1824@yahoo.com


Rahul

We are having a private limited company in Punjab - Amritsar. As per our consultant every company in punjab must registered under PSDT Rules 2018 and deduct Professional Tax from salary of our employees.

We are registered our private limited compnay in 2015 in punjab. Can anyone pls guice me applicaility of this act and how to file all compliances in this particular act.

Thanks in advance


auditor perumal

i am having a agency and doing telecome related services like recharge in which the turnover amounts to 1,40,00,000 approx but cannot pay 8% if filed u/s 44AD for the turnover and so is tax audit necessary in this case to show a less profit or what are the other possibilities available for me.

please give reference for the basis of your answer thanks.


Sadik pm

I am staring out as an accountant and I have to prepare my firms books of accounts for audit purposes. Can anyone guide me through the important things that I need to consider for the procedure. This would be a great help in my career.


CA JAYESH RELKAR
28 August 2021 at 19:04

Bank Audit - Charge / CERSAI

Dear Sir,

1) Please tell us to whom CERSAI registration is required? what is the amount limit above which CERSAI registration is required.?

2) How many types of charges e.g. on 7/12, cersai, etc are there? Please give all types of charges needs to be created


CA Shashikant Lonikarpro badge

The Society land conveyance deed was executed in favor of the society on 01.Oct 2019 i.e. during the FY 2019-20.
The Land now becomes asset of the Society.

However, while preparing the financial statements, neither the Managing Committee nor the Auditor considered this fact to include this land as an asset of the Society. There are few more assets which are also not considered while preparing the financial statements.
When brought it to the notice of both, the auditor is of the opinion that this is a technical error and will be corrected in future years.
My question is that, does this amount to negligence on the part of Auditor? Can it be referred to disciplinary committee?
Thanks


sunil c
12 August 2021 at 11:33

Regarding Applicability of Tax Audit

Sir,
If the Total Turnover or Gross Receipts of an Individual having business income more than 1 Crores and Less than or equal to 2 Crores but the Profit are lower than 8% or 6%. Is Tax Audit applicable or not?


Vishal Naik
11 August 2021 at 09:58

Temple grant audit

Dear Sir,
how to do grant amount temple audit
Please share me format


Mandar Joshi

Case:
In a branch of a bank, there was a complaint lodged by one customer about the opening of the account without his consent. The concurrent audit came across the complaint and while enquiring with the branch, it came to know that the account was opened and closed in last year and the complaint was lodged in the subsequent year. Further, the complaint was forwarded to the legal dept of the bank and the reply was communicated to the customer. The customer never came back later. Also, there were not many transactions in that account.
The concurrent auditor, in his best judgement, assessed the risk of the incidence and was of the opinion that since the account is closed in the last year itself, there is no risk to the bank. Thus, he did not put it in his audit report.
Later, in the subsequent year, RBI audit officer pointed out that there was a complaint but it was not mentioned in the concurrent audit report. Does this amount to professional negligence? What would be the consequences on the auditor?


CA Parag Jani

We file many tenders and submit EMD to Tendering Authorities for tender submission. Our Auditors are asking for receipt/ proof of EMD payment by concerned Tendering Authorities. These tenders are filed on portals like E-Procure and EMD is generally in the form of DD, Online Payment and Bank Guarantees.

Is there any way to obtain substance for EMD payment in this case? Please guide.





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