Depreciation for the last two years was calculated at 45% which should have been calculated at 45.08% by a PSU co. and during the current year this mistake is noticed.
What is treatment for the above?
Whether it is change in accounting estimate/policy?
Whether retrospective/prospective effect is to be given?

Case Study-firm name=ABC, where A, B, and C are partners. A, B, and C are chartered accountants holding certificate of practice. B is also a partner in firm XBY where X and Y are also chartered accountant holding certificate of practice. Also B does practice as a CA in his own identity. Now C purchased an equity share of reliance company. Therefore can B become an auditor of reliance company, and can firm XBY become an auditor of Reliance company ?

Respected Sir,

A Mauuf.Prop Has (Imported)Purchasesd CNC machine.As refered to Bill of Entry there are certain Taxex like Custom Duty,Excise Duty and Add.Duty on Import.The Propritor takes benefit of Excise against Service Tax Payable Liability.

Please Say CVD means Excise Duty is it Right please say

Please Say what type of Duty is Additional Duty on Import.Is it Custom Duty or Excise Duty

Please Reply

Thanks & Regards

hi

Refered to Bill of entry there are some taxes like Custom Duty,CVD & Add duty.

Which tax is

Addition duty on import

is it releated to Excise tax OR custom Tax

Pls let me know what is max limit of signing co. audit tax audit vat audit bank audit etc

Dear Sir/Madam,

I am quite confuse for choosing right reference book for CA Final.So Please tell me which is the best book for Audit for CA final Examination.

Is it better to refer Prakhar Sharma or Taxman?

Or Any other book?

is there a same turnover limit applicable for audit of real estate company which is applicable for other businesses? Because a single house can be sold @ more than rs.60 lac so there should be applicability of audit of accounts? pls. reply

my client is partnership firm engaged in construction business,firm purchase material and land which exceeds 40 lakhs but there is no sale of flats as these were not fully constructed but there is advance received for booking of flat whether my client will be liable for tax audit

Can any one help me. I used to get less marks in Ca Final Audit paper it is my fourth attempt in and i got only 37 marks in each eaxamination i have taken for Ca final till now so kindly guide me i am very confused and i am alos a self study person and never gone for classes.

Kindly give me a favour urgently

hhhhhhhhhiiiiiiiiii...........
if a company, whose debtors deduct their TDS @ 15% instead of 10%. then is their any disadvantage for the company who is recieving the TDS due to higher rate of charging the TDS??????????
PLZ D REPLY AS FAST AS POSSIBLE......