CA Rohit Patil

We are on the verge of getting listed in September 2021. Can someone please help us regarding the quarter from which the limited review will be applicable? If so, please help with the clause for the newly listed company?


TARIQUE RIZVI
29 April 2021 at 12:22

Thread

Respected Sir,

Please let me know what is the tax audit limit for the year ending March 21 ? I have heard that the tax audit limit for the year ending March 21 is Rs 5 Crores but there are certain conditions also on this issue. What are those conditions to be qualified by the assessee.


Prajakta Potdar

Please let me know 3 well known CA firms who can do statutory audit of legal entity. Mumbai based CA firms preferred


deepak
27 April 2021 at 12:55

UDIN NUMBER RELATED QUERY

Timeline before which UDIN are to updated with respect to the audit report and certificates uploaded from 27th April, 2020 extended up to 30th April, 2021. QUERY Is that this is applicable only for audit report and certificates uploaded on 27th April, 2020 or after 27.4.2020 OR BEFORE 26.4.2020 DATE ALSO?


tusharthosar

I am only share income ? itr 3 file ? no account maintain & no Audit ?
ITR 3 File ?
But
error
If liable to furnish other audit report, mention the date of furnishing the audit report?
section code select ?
Please solution .


Sowmya.S.Balan

Sir, account classified as npa as on 31.3.21. But interest reversal done after balance sheet date but before audit. What to do
Whether Moc is required
Amount of interest reversed 12000


Shaik Shair Ali
31 March 2021 at 11:28

Calculation of profit for firms @8%

Dear Sir,
For partnerships firm for audit u/s.44AB profit above 8% shall include interest & remuneration to partners or not.
Thanks in advance


Jaison
24 March 2021 at 16:19

Revenue recognition-sales

Sir,
My company exports goods on FOB basis and CIF basis. At the time of year ending, goods will leave factory compound before 31st of March but the bill of lading date will be after 31st March.
My query is can I show the goods as "sales in transit" and form part of sales.71EA


Muralikrishna
14 March 2021 at 12:35

Professional Misconduct

Mr. A is a CA holding certificate of practice, is also holds directorship (by virtue of being a minority shareholder) in a private company (Company X). He appoints his junior Mr. B, who has passed CA and holding a separate certificate of practice, as an auditor in the Company of holding directorship. All the finalization of books, closing entries, preparation of financial statements has been made by Mr. A and Mr. B puts his seal and signature on the Financial statement without verifying the authenticity of the financial statement and without the approval of the board. The other Board member of X company not informed of the signed financial statements and later efforts are made to convince the signed financial statements. There are many irregularities that have been observed in the preparation of financial statements like lack of carrying out inter-company reconciliations, failure to get the bank confirmations, adjustment is made to related party books with the approval of the board, etc.
Now, the Majority shareholder wants to have a legal remedy for the above problem. Whether the above members (A & B) can be punished for the above wrongdoing.


SESHADRI GOVINDARAJAN
13 March 2021 at 15:16

Empanelment of concurrent audit

Please share me the procedure&guidelines for applying for empanelment of concurrent audit of Pvt. sector Banks
CA S.Govinda Rajan,FCA





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