hi
i have another query regarding professional misconduct that whether a chartered accountant firm will be guilty of professional misconduct if they send message to there clients through mobile or net by indication there firm name that one of the article from there office have became CA or cleared one of the exam conducted by the ICAI.Further they can give any notice regarding any updates to there clients.

Hello experts,

In SA-320(Revised), Materiality in Planning and Performing An Audit, a new term, viz., "Performance Materiality" has been introduced.
The formal explanation for the term is as follows:
"Planning the audit solely to detect individually material misstatements overlooks the fact that the aggregate of individually immaterial misstatements may cause the financial statements to be materially misstated, and leaves no margin for possible undetected misstatements. Performance materiality (which can be one or more amounts) is set to reduce to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements in the financial statements exceeds materiality for the financial statements as a whole. Similarly, performance materiality relating to a materiality level determined for a particular class of transactions, account balance or disclosure is set to reduce to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements in that particular class of transactions, account balance or disclosure exceeds the materiality level for that particular class of transactions, account balance or disclosure."

But, this language is too difficult to understand the meaning of that term. So, it would be a great help if any of you could explain this in simple terms.

Thank You

hhhhhiiiiiiiiiiiii.............
mi querry is this, i m an article, from tmmrw i m going to start an audit of a service concern. they are basically provide after sales services nd some time they also purchase some parts of machinery.
can u tll me what imp. point i should kept in mi mind while doing audit of that company??????

can any one tell me whether Donation paid by enployee during the current year is considered while deducting tds on salary? if no pls tel me the circular no.

if average TDS per month comes to Rs45000. And accountant of the company only deducting Rs20000. on asking, accountant says that on 1 april,, he has no knowledge of increments during the year in salary... therfore the difference is arising... in this case will company is liable for punishment...????

Date of Ist Annual General Meeting ?
Private Limited Company.

Incorporation date:25/06/2010

Ramya

if bill belongs to june... and expense is booked in september.... and tds is also deducted on the same day. will section of late deduction of tds will appy on this transaction...????

While remitting to a foregin company... there is a difference arising in address between the bill & pan... while the name of the company is same...?? will tds is required to be deducted at higher rate or normal rate...???? the company to whom amount has been remiited is a holding company...?? and pan belongs to the ultimate holding company.... then what will be the treatment...???

how to check TDS on salary...???

what are the procedure to check claims and outstanding claims; which are the areas to be checked and what is 64vb compliances ?