Dear Experts
Please suggest how to calculate the "% of Yield" to report in Clause 28 of 3CD Reporting of a Rolling Mill Unit:
RAW MATERIAL DETAILS
A. INGOT:
Consumption 2928.962
B. MISS ROLL:
Consumption 285.730
FINISHED GOODS DETAILS:
A. MS ANGLE:
Prodn. 2842.780
B. MS Bar:
Prodn. 76.500
C. MS Channel:
Prodn. 33.400
D. MS Square:
Prodn. 96.400
E. MS Flat:
Prodn. 96.400
MS Scrap:
Prodn. 135.000
Thanks
i have been started my business after retirment from services,as on 31/12/2010,and start the business as on 11/1/2011 during the 2.5 month i dont have any profeesional recipts i had file my income tax return showing business loss ( i.e expenses incurred during 2.5 month ^& claiming deprication) and adjust such loss against income from other sources,is it provision 44AD is applicable? tax audit u/s 44AB is mandaotry?
How to check the purchases agst C form & F form? What evidences I should take while performing the checking of purchases in the effectively and efficiently manner?
Thanx
Under which head of balance sheet Bank Over draft comes.
Secured Loan
or Current Liabilities
WEATHER THERE IS ANY TDS LIABILITY IN CASE OF CONTINUES AUDIT OF PROPRIETORSHIP FIRM (INDIVIDUAL) FROM LAST THREE YEAR U/S 44AD/ AF .AS PER SECTION 194 C (ON TDS) WHICH READS AS THE LIABILITY OF TDS IS ONLY IN CASE OF CLAUSE (a) OR (b) OF SECTION 44 AB OF THE INCOME TAX ACT 1961. AND THE ABOVE AUDIT U/S 44 AD/AF IS COVERED BY CLAUSE (d) OF THE SECTION 44 AB.
R/member
please clarify that whether interest credited to unsecured loan account is required to be shown in annexure of loan or deposit to audit report 3 cd.
and which amoun =t is to be shown in column maximum amount outstanding
is dere me new amends in SA and audit vol 1 part in pcc level
If there are three partners, Two are contributing their capital in the partnersip, however third one is providing the services and taking his salary. IS third is entitled to profit/loss.
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Auditor