A company pays subscription to madras club on behalf of director will it attract 194C ? In which section it has been specified or is there any case law for this?

Sir,
I am trying to upload my Audit Report in .xml file bt when i am filling i am not able to sign that report ans error shows that : cant read file for signing C:\fakepath\pilot3cb-3cd

kindly give me the solution for this so that i can file my report in time

Dear Experts,

I have a query on Futures & Options. How to determine turnover of F&O While conducting audit? Further, whether section 44AD of IT Act. will attract F&O transactions as trading in derivatives is a business activity?

Seeking for your guidance

under account head the parking shed built by a company should be shown?

Whether "Time attendance System" should be shown under Furniture & Fixture and depreciated @ 6.33% or whether it should be shown under "Office Equipment" and depreciated @ 13.91% ??

I am doing an audit of an company,in which Some capital assets are purchased form outside India. Invoices are in dollars and euros,while making the payment to the parties the foreign exchange gain or loss arising during payment should be debited or credited to the capital asset na.
Is this treatment right ?
If closing balance as on 31-3-2013 is being seen then closing balance valued as on 31-3-2013 loss or gain should it be debited or credited to capital asset only ?

Why audit of companies are compulsory..?

I hv completed 4 months of my articleship and I am still doing vouching. my senior is just giving me Vouching part and doing rest of d work alone..
what should I do?? is that more than enough time for Vouching or not??

Please Give me detailed information on Employees' contribution to ESI, P.F., and Profession Tax. How to calculate them? What are the tax provisions?

I want to know the last date for filing of cost audit report...
for the FY 2012-13
for the FY 2011-12