is it compulsory to obtain NOC from previous Auditor in case of Tax Audit of a sole proprietorship business?
I passed CA on 01/04/2012.On 28/09/2012 a private companies accounts were finalised and Tax audited by me.In case of filing of Form 23B with MCA ,what date should i mention for my appointment as i cannot give date prior to my passing date and the company would not be willing to pay any fine for delay in AGM ?
Should the company pass a resolution at EGM to appoint me ?Please suggest
Sir/Madam
I have a doubt in my mind about calculation of Finished Goods Produced . I want this calculation for 3CD Report .
AS per the Guidance note Given to 3CD calculation of Finished goods is given as
Mterial Consumed in production 11,919,213
Add: Stores Consumed 47,177
Wages & salaries 715,722
Electricity Charges 30,910
Transportation charges 835
Factory Expenses 15,098
Labour charges 5,000
Cost of Finished Goods produced 12,733,955
Is this below mentioned formula for calculation of Finished goods produced is correct
Sales During the year ********
Less : Gross profit ********
Cost of goods sold ********
Add; cl. stock of finished goods ********
less: op. stock of finished goods ********
Finished goods produced During the year ********
Please Help me sir / Madam in this
I was working with a CA firm and now I have resigned to carry out a full time practice.
I had applied for COP with icai and the institute provide me a letter stating that i can practice and also carry out employment. This means that institute has provided me a PART TIME COP.
How to avail a FULL TIME COP in this matter.
Please guide me with the formalities to be carried out.
Regards
It is a case of company duly registered & covered under the provision of Service Tax. The company has charged the service tax on some of the services as per the applicable rate but failed to charge the service tax in some cases though it was applicable on that.
Please advise where & how this kind of violation of the provisions of the service tax may be reported in the Audit Report under the provisions of Companies Act 1956 & Income Tax 1961 ,by an Auditor.
Hii Frndz...
A co. purchased a mobile worth Rs. 3500. Either it will to be added in fixed assets or shown as office expenses. Explain me with matariality concept of accounting.
How to perform audit of the companies by using their tally software ??
Most of the times- provisions , service tax , vat , tds , excise duty , custom duty are some of the topics in which very much problem is arising while auditing.
May be my problem is arising due to my non-commerce stream but after ca-ipcc most of the concepts are now clear to me.
i am new in articleship and there is no senior with me while auditing so i have to perform audit on my own ....
please sir help me ...................
Dear all,
A company has unclaimed bonus for the period of more than 3 years. What are the procedure to pay it to the govt.
Dear Sir / Ma'am,
I use Tally 9, but dont understand why does it show in balance sheet "DIFFERENT IN OPENING BALANCE"...
1. What should I do about it?
2. How to do the adjustments?
If you can let me know then I would be obliged..
Need to know what entries should I pass in order to get rid of tht statement in Balance Sheet.
can cash credit facility be availed on cenvat ?????
if yes what would be the exact working??
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Noc from previous auditor in case of tax audit