The purchase amount last year was debited by 100 and payment was also made for the same.
Later in this FY we got to know purchases where actually for 80 and party also agreed to reimburse the same.
so, in my Accounts in profit and loss where do i show the same , as purchase cannot be adjusted as it pertains to last year and it has been finalised.

While conducting Bank Branch Statutory Audit 2018-2019 is UDIN is mandatory while signing Tax Audit Report or any other certificate or other relevant document in Branch Level ?

Please guide us or the same

In case of Amalgamation, whether Revised Tax Audit Report is also to be submitted along with the Revised ITR for Amalgamated Company.

Dear Experts,

I am having a public charitable trust for which we have never applied for 80G & 12AA. There;s no registration with any gov't body at all.

do we have to file ITR 7 or ITR-5 in this case?

also please suggest does it need to undergo any kind of Audit?

Regards,

SIR,
MY TURNOVER FOR FY 2018-19 WILL BE RS 85 LAKH. I WANT TO KNOW WHETHER I WILL HAVE TO GET MY ACCOUNT AUDIT FROM A CA

A textile company engaged in manufacturing Fabric and Yarn. Overall turnover is crossed 100 crores. Fabric sales > 35 crore and yarn < 35 crore. Cost audit is applicable to both or only fabric. Kindly clarify.

PLEASE LET ME KNOW THAT UDIN CODE IS MANDATORY FOR CERTIFICATION OF ANY FINANCIAL DATA RIGHT NOW ?

During Audit of labour law compliance, we came across a point where there is delay from company in depositing PF, ESIC contribution in case of resigned employees. Because company deposits only when full n final settlement of employee is completed which takes two to three months. But as per ESIC Act, contribution is due in the month of last working day. Therefore, if last working day is 20th Jan then ESIC /PF should be deposited on or before 15th Feb. Is this right? And what is the Industry practice in depositing PF / ESIC in case of resigned employees?

Dear Sir,
I have a question regarding branch reconciliation and how to know about below query.

A company has 150 branches in all over the india
One day a customer purchase product from a branch which is established in delhi and paid another branch but don't know in which branch he made our delhi branch payment.
In this case how to reconcile payment and how to make journal entry regarding this situation.

Thanks & Regards
Rahul Rana
Pursuing IPCC

Dear Sir, I am Chandramoham Mishra. Currently, I am working with a CA firm FULL-TIME. I have to obtain Certificate of Practice (COP). As per clause 1 of part I of first schedule, A CA in practice can allow other CA who is in employment with him for obtaining COP. My queries are: 1) Can I obtain COP even though I am working full-time under a practicing CA firm? 2) As I am working full time, will there any obstacles or restriction on me? e.g. not to sign certain report or not to accept certain work 3) Any other disadvantages you want to suggest me. Kindly provide your answer / suggestion on above.