Mr.A is prop. of Business B at Delhi with Gross turnover of Rs. 40,00,000/- and Mr. A is also Prop. of Business C at Chandigarh with Gross turnover of Rs. 80,00,000/- for F.Y. 2011-12. now my querries are as under:-

1) if NP rate of business B at Delhi is below 8% than whether a consolidated P&L and Balance Sheet would be made for two businesses and would be got audited or separate audit of both the P&L and B/s. would be preferable.

2) If NP rate of business B at Delhi is 8% or above than whether the turnover for audit purposes of A would be treated only 80,00,000/- of business C and if only audit of business C will be sufficient or audit of both the businesse with total turnover of Rs. 1,20,00,000/-would be made.

3) If the turnover of business C is also 40,00,000/- and NP rate of both the businessses is 8% or above than whether or not audit is must.

If HUF having two source of income, 1st is his textile t/o other is commission income as he is commission agent. as in case business t/o is not exceeding the limit of 60 lacs bt bcz of the commission income his total income exceed the limit of the 60 lacs. so plz give me way as for what i can go 44AD or 44AB for the same.

Hie everyone we got Audit of a Cricketer.
I wanted to do what points should take into consideration in AUDIT of Cricketer?
Please do reply soon.
I have never Did audit of any sports player.
Regards,

IF CARO IS APPLICABLE ON A PUBLIC LISTED COMPANY, THEN IS IT ALSO APPLICABLE ON ITS 100% SUBSIDIARIES?
ALSO THE SUBSIDIARIES ARE PRIVATE LIMITED COMPANIES AND NOT FULFILLING ANY OF THREE CONDITIONS FOR CARO APPLICABILITY

i am preparing 1st time of audit report of pvt.ltd.co. the co. has not any turnover but bears revenue expenses. can such expes. claims in income tax? and also send the format of statutory audit report. bcoz co. doesnt require tax audit.

Dear sir,

One of my Client, a limited company is making gratuity provision based on acturial valuation report and they are not maintaining any fund for the same.
Whether the amount is inadmissible under section 40A(3) Rule 6DD mentioned in tax audit report 44 AB.

Pl reply
Thanks

Dear All,

If a private limited company is paying yearly premium of Gratuity to LIC of India, then for accounting purpose whether it is required to create asset and liability in the balance sheet as per Accounting Standard 15?

Thanks

Friends,

A Company is covered under cost audit order issued dated 24th January, 2012. Whether the company has to file complaince report for the financial year 2011-12? pls clarify.

guidance regarding CA industrial training

Internal transaction of receipt & payment between father & sons without Interest how it shown in audit report.also whether necessary to state as current a/c in column of maximum outstanding in annexure 2 of form 3CD.