A.I just want to know what is a Letter of Credit. How will be conducted audit for it and what documents are required for audit.

B. What is a term loans,How will be conducted audit for it and what documents are required for audit.

Hello Sir,
Please tell me what is the procedure for registration of Proprietorship firm.

Is a proprietor in Full time employment any where.

Hi,
wheher a firm having brotherinlaw substential interest , can a CA sign audit report of that firm. Pls. suggest in line with code of conduct.

Sir

A Pvt Ltd Co. registered in Feb. 2011 having registered office in Gurgaon. It opened a branch in Delhi also.

Is it necessary to have separate audit of branch books ? If yes, then

Can the auditor of both branches be same ?

And should i club all the assets and liabilities or i should show the profit only of branch in head books ?

Dear Experts

I have a confusion regarding this one. Does haveing a PPF A/c or a Savings or Current Bank A/c with any of the SBI Branches affect the eligibility of the auditor as far as technicalities of the Law?

Will there be any difference if the auditor enjoys any of the credit limits provided by the bank i.e. Car/Home/Personal Loan or CC/OD?

Plz advise

sir i want to know how to present the final accounts of partnership firm which is dissolved in f.y. 2010-11. whether realisation account etc are also to be presented in the tax audit report ?
plz reply as early as possible.

whats the slab rate for esic & PF?

100% advance payment is made to import material. Is there any question of exchange rate difference if rate of exchange is different on day of issue of Purchase Order, date of receipt of material?

My question is as under:
The new provision of section 44AD, how it will impact on share trading activity .

(F & O and Trading in Shares not speculative trading)

My client is engaged in Share Trading Activity,his turnover for F.Y. 2010-11 Rs. 42 Lacs,and has incurred a loss of Rs.1.50 lacs. (As u know share trading activity u can not predict the profit. He has a other income of Rs. 450000 i.e. interest and Rent income from HP.

My question is whether he is liable to get his books of account audit u/s. 44AB ?

As per the provision of section, both condition has to satisfy.

The company has CC account. It has given loans to different concerns.

can the company give loans or advances to other from CC accounts. As per me CC account is for requirement of working capital and can not be used for giving loans or fund transfer.

Pls advise implication from different points.