I would like to know when I have taken a Certificate of Practice in 2010 - Can I sign the Balance Sheet of FY 2009 or before.

Presently Amnesty scheme is underway where last 6 years Balance Sheet can be signed. Can I sign the Balance Sheets of last six years under that scheme or I need to certify the B/s from an existing CA who has a COP since 2004 onwards.

Dear Experts,

One of my client deals with a transporter who is not provided his PAN to us, Do i need to report for deduction of TDS in his first transaction itself or is there any limit, as we are treating it as contract U/s 194 C i.e 75,000.

Kindly guide me regarding the issue.....

Dear Sir,

Query 1 :
whether CA authorization is required on balance sheet and profit & Loss a/c schedules.

Query 2 :
X company has availed a loan 2cr (Cash Credit Limit)from Z Bank in the 2009 (i.e.AY09-10)

my doubt is in the AY 10-11, in Balance sheet under secured loan it is reflecting. whereas, in Note to accounts auditors has not discussed that company is enjoying CC Limit.

Whether it is mandatory to discuss in the notes on accounts or not. please help in this issue.

what is the provision for expenses? how it will be calculated ? what is pecentage of provision required ?

Can anybody let me know various communication(through letters) which are made between auditor & client before and after commencement of FIRST AUDIT.--SHOULD BE IN A SEQUENCE

Mr. A is a chartered accountant who his holding COP and practices as sole-proprietor with name M/s. A&co., chartered accountants. He is also a non-executive director in a Private Limited company. Now can the Pvt.Ltd.co., appoint Mr.A, as its internal auditor......In simple language can a director of a company be appointed as its internal auditor.....

I M WORKING AS AN ARTICLE CUM AUDIT ASSISTANT IN A FIRM...
RECENTLY AN INDIVIDUAL FILE CAME TO US FOR AUDIT PURPOSE...
THE FILE CONSIST OF THE PERSON SALARY SHEET...IN WHICH HIS BONUS IS SHOWN MORE THAN HIS SALARY...
HIS ACTUAL SALARY IS 9 LAC P.A
BUT BONUS IS 27 LACS...
HOW DOES IT POSSIBLE??

Hello sir,
i m discussing the situation as under that i have already discuss with lots of tax expert but no one is giving me the similar / right view.

The situation is: -
I m having a sale of 30lakh from Export sale of fabric & against this sale i am having a net profit as per books is 150000/-. I am also having some other income like as rental income, int. income, draw back etc. Sir, my main point is here that i want to consult to you, is it possible to file the ITR without audit (as per section 44-AB) and i also don`t want to go with section 44-AD of income-tax act`1962. Sir, some of the tax expert and also CA is saying to me that we can`t file our business profit below then 8% as my net profit is coming as per books is near 5.20% (approx).

Now, my main question to you sir is it possible to file the return in ITR 4 without audit in the above situation or not?
and i also don`t want to go with section 44-AD.

Hope for the best suggestion.

Thanks & Regards
sarbjit

A) What are the cases when proforma invoices and what are the cases when normal invoices are used?

B) For implementation of a project (service tax applicable) 50% is payable in advance. Rest in stages- 20%, 20%, 10%.

i)For collecting advance payment 50% with service tax, whether to submit proforma invoice or normal invoice?

ii) If proforma invoice is used whether or when it will be supported by further normal invoice?

how to learn auditing standards ? mere understanding and reasoning is sufficient or necessary to by memorise concepts ? just guide me how to learn them pls friends