My client deducts the loan installment from the salary of the employee and therefore he debited the salary a/c with the net figure only. For Eg: Loan installment = 1000, Salary = 5000. After deducting the installment it passed the following entry:
Salary Dr. 4000
Loan to employee Dr. 1000
To cash/bank 5000

Is the above accounting correct?

dear sir,
please send new rules for religious trust audit rule recent by income tax.

thank you

Taken into consideration, as well as how to Tax Audit of the things please explain.

I want to know how to prepare internal audit report what are main components of report and please provide me a latest internal Audit report format...

Auditors are mandatory for individual like proprietary firms,other small scale industries

Dear sir,

I have conducted tax audit for AY 2013-14 of one of my client on April 2013.

After that new form for tax audit was introduced by the Income Tax department.
I want to know whether I have to do tax audit of that client again in new form or I have to do something else. Please guide me.


Thanks in advance

Dear sir,

How many statutory audit can be conducted in a year by a Chartered Accountant. What is the limit for statutory audit in a year.


Thanks in advance

hello,
Can anyone please tell me what is the difference between tax audit and statutory audit in practical life..??

Can anyone please tell me that in form 3CB-3CD Point no.18 that reads:

"Particulars of any payments made to persons specified under section 40A(2)(b)"

In this point, should we give details of payments made to each person specified under this section or we should just give details of payments that are dissallowed as per this section .i.e. these are not allowable as expenses?

Please reply.

I have Client Having Turn over is 81 lacs and profit is less than as per sec. 44AD presumption bases so it is required to audit u/s 44AB whether the audit assignment is calculate for 45 audit limit for me?