I want to know the difference between Retainer fees of Directors and the Directors, Whether ST on reverse mechanism concept applies for applies for Retainer fees received by directors?

This is a question from Practice Manual, can any one give more clarity for this answer

XYZ Private Limited is engaged in the wholesale business of buying and selling silk sarees.
The accounts are maintained under the Companies Act from 1st October to 30th September
each year. The Chief Accountant of the Company is requesting the tax auditor to conduct tax
audit U/S 44AB of the I.T. Act for the period for which accounts have been maintained under
the Companies Act. As the tax auditor of XYZ Private Limited, how will you react to the Chief
Accountant’s request?

Criteria to conduct Bank Audit By A FRESHER CA Who has just started PRACTICE..

what is the procedure for auditor if not appointed in AGM?

Please reply urgent...
What should be wordings of qualifying in Auditor's report about: Cost Audit being not Carried over by company to whom it is applicable.

Dear Sir,
X is a pvt ltd co doing real estate development business. The company has acquired one fixed asset as an investment not in normal course of business. The possession of the said asset is going to take some time. The company is interested to capitalise the interest portion attributable to that qualifying asset.

Please comment , is it correct ??

ACCORDING TO REVISED SCH. VI WHAT WILL THE TREATMENT OF PRELIMINARY EXPENSES AND PRE-OPERATIVE EXPENSES (TO THE EXTENT NOT WRITTEN OFF). WHERE AND IN WHICH HEADING THESE ITEMS WILL BE SHOWN.

which textbook shall i refer for audit ipcc. module sucks . plz suggest me the only one textbook,which has clear cut concepts (like munish bhandari for law)

Sir/mam, I am a proprietor of a cab rental (passenger) business firm. I am regularly falling under audit u/s 44ab for last 3 fy. Now this year i am also falling under audit but I could not file my it return for fy 11-12 till date due to some urgent pers. problems. but there is a benefit in my case that there is no income tax payable as per my books. Pls guide me lawfuly that what will happen if i file my it return for fy 11-12 on or before 31st Oct-12. It's very urgent for me plssssssssssssss...

How much year an auditor must kept the audit working papers like quarry sheet, certificates from management, copy of audit report etc. with them.