dear sir,i have bought share of 61 lac and sold 59.5 lac.most of trade are delivery basis.should my account be audited?can i direct show profit/loss as speuclation or shart term/long term.also i receive salary40000 and received int.50000 and paid int.70000.please advice me clear idea. 8% profit rules applicable to for trade in shares?

I have query regardig internal audit.
For which company internal audit is compulsary?
Is there any criteria for internal audit?

PLZ EXPLAIN .................URGENT

i have mineral ind. doing crushing of stone,finshed good of powder
my sales t.o is rs. 56 lacs in f.y 10-11 and stock is rs. 7 lacs
Do i need to do income tax audit of my factory or not ?

wht should I hv to do ?

please give me the limit and situation when i have to get audited our books of acc. ?

Thank you all

Pls Provide What is the Auditors Responsibility For Stpi?Any Check List Have For STPI?

Please tell as an internal auditor which colour pen to be used and stat. auditor what colour to be used.
As far i m concerned
Internal auditor-Red pen
Statutory Auditor-Green pen

Is it true

I am doing internal audit of Charitable Trust, Registered under BPT ACT,1950 , is it compulsory to Reprot by me to Statutory Auditor of my Findings and I is it complusory to Give Audit Report to Statutory Auditor.

I am doing audit of one company.

While going through the ledger of Insurance expense, i found out entries of mediclaim paid to directors family.

I want to know, whether the above is a personal expense or a business expense?

How is an auditor automatically getting re-appointed? Does the company need to do anything? what happens if they don't issue ordinary resolution?

Actaully i need financials of a company...balancesheet, p&l...how can i down load it from MCA website...