is there any limit on turnover as to when statutory audit is applicable?

Dear Sir,
During the audit of Bank, we found that there are many old sundry deposits with the bank taken as EMD during the bidding process. These deposits are not demanded by the bidder even they did not succeed in the bidding process.

My question is can bank take these deposits to P&L A/c and w/back or there is some guidelines of RBI for the treatment of un-reconcilable sundry deposits.

Respected Experts,
Very urgent please clarify me ASAP.
The seller sells goods to a buyer which is attracting Central Sales Tax. The buyer buys the goods to resell the same unit in the same condition (i.e. he is just a trader). In such a case can the seller charge the buyer at CST rate of 2% or should he charge at the Local VAT rate.
With regards,
Rajesh.

If a company makes an sales which is attracting Central Sales Tax, it can enjoy sales tax at a concessional rate of 2% even if the local VAT is more than 2%. But to enjoy this concession seller has to obtain Form C from the buyer. Suppose if the company makes a 10 different invoices to a buyer in a month, should the seller get 10 Form C from the buyer or is it sufficient to get one Form C that provides the details of 10 invoices. please clarify me this is very urgent issue.

With regards,
Rajesh.

Dear Experts,

A private company whose gross turnover is above 40 lakhs, but its expenses is more than the income i.e. loss. Is sec-44AB is aplicabel for this company.

Waiting for your kind reply.

Thanking you,

What will be the amount of penalty for an assessee(individual) for AY 2012-13 providing manpower, if he has not carried out audit and also not filed IT return till 30th September, 2012?
The turnover of the assessee is about 1 crore.

I want to know what are the proper rules and regulations regarding an Audit firm printing service coupons and selling them to a business for a price and then that business which may or may not be related to tax system offering coupons with its services.

These coupons won't be for statutory Audit.
But they would be for Filing Income tax, tds returns, Book-keeping and such.

So, I want to know what are the rules if a registered C.A firm does that.

And if that is not allowed than Can a firm which doesn't provide statutory Audit Services but provide all other services a C.A can provide will come under those rules as they won't be required to get registration no. from ICAI then.

Also the firm would be owned by a C.A and the Business to which coupons are supplied may be owned by that same C.A or his relative.

Thanks

AS 21 "Consolidation of Financials"

Can a company consolidate its financials with its assosiates company on the basis of "Controling", "Same Management" or vice versa ???0

Can a Statutory Auditor of a Company after his resignation be immediately appointed on the Board of that Company?

As we Know that if A Private company has Outstanding Loan Exceeding 25 lakh..then Caro is Applicable..my question is that whether all type of loan shall be considered such as secured & unsecured.???