Can the firm in which one of the partners wife is a director of a private limited copmany be appointed as auditors

The guidance of the experts would be very much appreciated

One of my friend completed CA in Nov 2011 attempt, he got the COP in July 2012, the query is:
1. can he be appointed as an Auditor for AY 2012-13 as on date (incorporated few years back)?

2. Company incorporated in Jan 2012, can he be appointed as auditor for AY 2012-13?

Thanx in advance for providing information

when is the rent revenue due for recognition in the books of accounts?

I have a question regarding audit of an entity under Transfer Pricing and report under Section 92E. The company which audit is to be done has an associate enterprise in Germany. It is a Travel Service company and German tourists come from its associate enterprise in Germany and this company conducts tour here. Indian Company and German firm are separate entities. The Indian company sends its quotation on cost plus basis to German entity and after negotiation of rates the German firm confirms the tour. After the tour is conducted Indian Company generates Invoice in equivalent US $ and after that payment is received from Germany in US $. Please guide how to conduct this audit & how to make a report under sec 92E. I would be thankful if you could provide a filled report u/s 92E along with the annexures.

I'm an Individual & I trade in shares.I don't have any other source of income.In F.Y. 11-12 I sufferred a loss of Rs. 20,000 & a profit of Rs. 12,000.Can I show the above as my business income ???? If yes, am I required to get my books audited u/s 44AB because I am showing my business income below 8 % ?????

During audit i came to one situation. Co. is giving its wastage stock to customer at zero rate with approval of MD. Can co do so? Please help me out.

Hi

Whether it is possible to register/allow expenses relating the AMC of an asset in one company where the asset is used but the cost of asset is shown in books of another company.

Here first is the subsidiary of the second company.


Please advise
Thanks

Loan Taken From
Case1 - Director
Case2 - Group Companies / Relative
Case3 - Outsiders

What is the auditing check list as per companies act and income tax act.

also if interestfree loan is there

Advances Given to
Case1 - Director
Case2 - Group Companies
Case3 - Outsiders

What are The Consequences, Under
>Companies Act
>Income Tax Act.

Also Give Reply Keeping in Mind
>Interest Less / Interest Paid
>Through Cash / Through Bank.
Both Aspect.

One of my client has income from online advertisement.Money is earned in US dollar and is transferred to his account at the exchange rate prevailing on the date of transfer.His gross turnover is less then 60 lakhs.I have heard somewhere that even if turnover is less then Rs.60 lakhs but is earned in foreign exchange tax audit is compulsory,irrespective of the quantum of receipt.I am a bit confused regarding the issue.Is tax audit required?

Please help?