As per companies act the ceiling of audit is 20 companies per person.As per council its 30 companies. Then what are the students supposed to answer if related question is asked as per any case law?as per companies Act or as per the c.a council?

Which one has better scope between internal audit and statutory audit?

Dear Sir / Mam,
Please tell me how to make entry in tally for the following Transactions:

1. In the previous year balance sheet they have shown some bank balances for which the bank accounts have been closed in the previous year itself. But still this amount is carry forwarded. Please tell me how to close this bank accounts this year.

2. In the previous year b/s they have shown some bank Credit balances as Bank loan, but actually it is not bank loan it is stale cheques which is still there with party since in that account there was no balances. Shall we treat it has other liabilities. Please tell me how to make entry for this.

Please do the needful
Thanks & Regards,
Don Bosco

Dear Experts

We have one proprietorship company..

Now we bought some gold for Rs.1,00,000/- through company bank account. Bills has received from the buyer in the name of company..

Please advice how account. It has come under owners drawings or company asset..

Thx & Rgs

Harsha

An assessee is carrying two business. The Turnover of first business does not exciding 60lacs, but The Turnover of second business exciding 60 lacs. Is the assessee liable for Audit U/s 44AB for the both businesses?

hey guys i ve doubt here plz solve it

what is d diffirence between govt. audit and audit of govt. companies

One retailer's annual sale is 50 Lac and he maintains books of accounts. If he presumes section 44AD and declares less profift less than 8%. Can he declare his actual income on the books of accounts without going into audit of accounts?

Dear Colleagues,

Can some one clarify whether in following case I.Tax Audit U/s 44AB is applicable.



90, 00,000/- Op. Stock

2,25,000/- Purchases

12,00,000 Purchases Return (out of Op. Stock) within permissible time limit

1,00,000/- Sales

79,35,000/- Entire Stock retained (taken) by one of the Partner, for which his capital a/c is debited at book value of stock and accordingly as on 31-03-11, the said Partner’s has –ve capital bal. of Rs. 50 Lac.

10000/- Gross Profit

2000/- Net Profit

I HAVE A QUERY REGARDING DISCLOSURE OF "PAYMENTS MADE TO RELATIVES".

I HAVE MADE PURCHASE FROM MY RELATIVE, AND MAKE SOME PAYMENT IN THIS RESPECT.

THEN WHAT I HAVE TO REPORT IN 3CD CLAUSE NO. 18. RELATED TO SECTION 40A(2)(b), PURCHASE AMOUNT OR PAYMENT AMOUNT.?

Hi!

One of the my client has not been paid professional tax for the f.y. 2010-11 till the date of audit. Is any amount is disallowable?If Yes, then what amount is disallowable and under which section?