Discount received on purchase of capital assets
where we account this in financial statement???

1.what supporting document should i ask the entity for verification of f.d??
2.what contents to be check ?
3.how much value of f.d to be taken in financial statement ?

queries
1.how can i verify the investment in securities purchased by entity in demat
form ?

2.what evidence should i ask the auditee to verify investment in securities purchased by entity in demat form ?
3.what contents should i check ??

Dear All
During the course of internal audit, i came across the following case

The company A Ltd - a manufacturing company based in Bangalore. A Ltd has a Joint venture entity in Bahrain called AB WLL, where they have an equity participation of 30%.

A Ltd has supplied goods to AB WLL. The JV company has not paid any money for the same and the outstanding is more than 4 yrs.

The statutory auditors has not commented anything, nor A Ltd has made any provision towards Bad Debts.

Request you to kindly clarify the implication from the FEMA, Direct and Indirect Tax point.

Thanks and Regards
J.Madhukar Bhat
Bangalore

hi............can anyone plz tell me wat to do in cases where the bill given by supplier shows the transport charge only??? whether in that case i need to note down that TDS has not been deducted.n wats the rate ......... is it 1% ?????? plz reply

Gift received in cash in which heads it's come in balance heet???

what prepartions are required for bank audit? when do a newly qualified CA is given a bank audit?

sir
what are the legal consequences of docs if the someone has signed over common seal of the company.

husband and wife both are doctors. I calculate the details of personal Assets and Liablities of Husband .wife and minor child...so now

(Investment+Fixed assets+ bank balance) > (Loan+Owners capital)

so what to do???

Prior period expenses allowed in incometax???