Dear All,
I am doing statutory audit of unlisted company, which is preparing its financial statements for 9 months period, i.e. 01.04.2010 to 31.12.2010.
my query is for addition of fixed assets from 01.04.2010 to 31.12.2010 depreciation as per companies act to be taken based on no of days, but for calculation of deferred tax working, i have to consider depreciation as per income tax act.
my query is if addition after 1.10.2010 so what depreciation i have to take as per income tax act, whether it should be half depreciation or total percentage multiply by 3 months and divided by 12 months or wat? kindly reply soon..

HEllo,

Can you plz tell me how to audit DEPB????
Is there any provision for deduction @ 10% of last third's yr DEPB Licence.

plz tell me the reqd steps to audit.......

Thanks in advance.

One of our cliet filing the purchase invoice as per po no wise. so whether it is correct to place the invoices in the purchase files as per po no. wise. As they didn,t place the document as per document wise, it becomes difficult for us to do the audit as we need to trace that entry in purchase register.

plz refer me book for auditing i have read from surbhi bansal in my previous attempts and now i am switching to padhuka, tell me whether my decision is correct.

what is the difference between Nationalized Bank and other banks ??

I want to prepare for campus interview.Which topics should i refresh.Which is a good book for Auditing Std's and IFRS?

DEAR ALL,

AS A INTERNAL AUDITOR POSSESSION ROLE, RESPONSIBILITY AND NATURE OF WORK.

THANKS

a general question always pops up in my mind is what if as an auditor may be for his ignorance or his client ignorance does not enter a complete bank entries out the one or more bank accounts maintained by the client who falls under tax audit and has for the f.y. 2009-2010 has already filed his tax return and audit report and later comes to know and want to rectity the error happed by ignorance my question here what is the procedure that the auditor has to follows so far accounting of the non accounted entries in the books, filing of revised return, payment of taxes and penaltys in all catagories of sales tax, service tax and income tax, and other repurcussion at later dated in assessment etc and other knowledge if any body can share from their personal experiences so far any profession can view from my question can please reply urgently. thanks and regards

is IPCC Audit and Law paper is too hard to score?

Hi...Friends,
i Have Small Doubt...
Mr.X,Practiced Chartered Accountant & relative of a Director Mr.Y
of a company Z.
Can Mr.X act as Statutory Auditor of Z company according to Companies Act 1956???