Audit QnA - Page No 233

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Abhishek

09 September 2013 at 14:51

Audit of loss making proprietorship & partnership firm

PLEASE GUIDE ME ON THE FOLLOWING ISSUE:
A PROPRIETORSHIP FIRM OR A PARTNERSHIP FIRM NOT HAVING TURNOVER ABOVE 1CRORE BUT IN CURRENT YEARS P/L ACCOUNT SHOWS LOSS OF RS. 4 LAKHS .
BOTH FIRMS WERE COVERED UNDER AUDIT IN ACCOUNTING YEAR 2011-12.
WHETHER AUDIT OF THE ACCOUNTS OF CURRENT YEAR IS COMPULSORY FOR THEM OR NOT.

Anonymous

09 September 2013 at 11:20

Negative capital

SIR

PLEASE LET ME KNOW CAN IT IS POSSIBLE THAT CAPITAL GOES NEGATIVE IN PRO.SHIP FIRM AND IF YES THAN HOW IT COULD BE POSITIVE WHEN F.Y PERIOD IS ALREADY GONE.

THANKS & RGDS

MUKESH KUMAR

Anonymous

08 September 2013 at 18:18

Upload the itr 6

Heloo,

What are the requirement for uploading the itr 6 for A.Y 13-14. Is there we have to submit 3CD and 3CB Copy in any form with itr... ???

meera

08 September 2013 at 05:20

Important chap

I find it very difficult please tell me how go overcome this difficulty.and also suggest some tips to prepare for this paper

Anonymous

07 September 2013 at 15:56

Submission of loss return without audit

dear all
kindly inform that can i file loss return without audit for AY 2012-13 with total turnover of Rs.49,85,250
loss is Rs.485221
depreciation is Rs.1389552

Rakesh KUmar

07 September 2013 at 15:13

Expences

is it necessary to keep evidence of exp which is less than Rs. 100.00?

priyanka vedi

07 September 2013 at 15:01

Report 10b

Wether there is any scope of attachment with 10B report of balance sheet & income & expenditure a/c?

Anonymous

07 September 2013 at 13:54

Tax audit

Client's business is of commission agent,
its turnover(direct income)is 1429507Rs,
its net profit is 54054Rs.
Whethere Tax Audit attracted? If yes, then under which section 44AD or 44AB??
Reply soon..