The situation is an auditor is appointed by a company in his/her individual status.By the time of signing the audit report his/her firm is registered with a firm name.In which status (individual/firm) he/she should sign the audit report.

In case of housing Loan how can we check the sanction amount of loan by assesses annual income? or If assesses is not a tax payer can bank give to him housing loan?

what is benefit of tax audit for owner ?

Is it compulsory for a CA to put a round seal containing his name, membership number, city on the audited financials, ie balance sheet and p&l and audit report?

Secondly, what if he has put square stamp on these financials? does the report loose its authenticity?

Many of the Practicing CAs have been found using square stamp to validate the audit report and financials of the company.

If at all there is a mandatory requirement of putting round seal as per ICAIs notification / circular / act. Please share.

25 chairs purchased @ Rs. 3500 each. Total bill amount = Rs. 87500. My question is that since all the chairs are of value below Rs. 5000, so whether it should be depreciated 100% or what?

How many director shall retire by rotation ..??? is it mandatory if article is silent ???

I am asking this query on behalf of my Friend
"We are an Audit Firm. We got a new client wherein they've asked us to represent the Assessment which is in the middle of the Finalization.

Whether we should get NOC (No Objection Certificate) from Old Auditor."

What is the mean of appoijtment of nominee director u/s 408 to end the oppression or mismanagement?

does amount borrowed from bank for vehicle loan 4 wheeler be called as term loan

Client has taken loan of Rs. 5350000 from the Director.
The loan is received through two cheques on the same day.One amounts to Rs.5000000 and the other of Rs.35000?
What could be the reason for this? Is this being done to hide the violation of some provision of the Act?