During the course of audit of one company, (which is default in 3 years both with ROC and Income Tax) I have found that the company has not taken service tax registration. The main source of income of the company is from Tour operations and turn over more than 30 lakhs. My question is, whether provision for service tax for the defaulted period is to be given? And in Audit report it is to be qualified or not?

I'm an ACA. My uncle is engaged in a trading business which is covered within tax audit ambit. My mother, my grand mother & my father are having balances as Unsecured Loan in this business. Can I perform the attestation function of this buiness? Plz advise.

Sir
we are paying goodwork to employee and worker in this case will i have to pay esis or not pls tell me all employee gross salry is above on 15000

Whether audit of companies are compolsory under the company act ,if yes then under which section?

Hello,

There was conversion of Proprietorship firm into Partnership firm as on 31-01-2010, the T/O of Proprietorship firm was exceeding the limit u/s 44AB and the same for Partnership firm do not exceed the same section for the period 01-02-2010 to 31-03-2010.

So my Questions are:

1. Should we Conduct Audit for the Whole year ??

2. Is it covered under Partnership Firm U/s 44AB or Proprietorship Firm ??

In relation to CARO applicability condition for Pvt. Ltd. Companies - "TURNOVER should not exceed Rs.5 crores; otherwise it will be applicable. This turnover is of current F.Y. of which we are doing audit or of year preeceding to that"?

Hi
Respected Members

can any one tell me?

I am doing Tax audit of PVt. LTd.

1. In this case share application money received by company but share not alloted by company so what to do in this case is there any disclosure requirements?

2. What is the time limit for allotment of shares in case of PVt. Ltd. as well as Public limited company?

3. and what's the penalty aur interest if leviable?

Thanks
in advane

Sir
i have got my COP 30aug.but i didn't get my firm registration no.till now.wiil i eligble to sign tax audit report for the A.Y.2010-2011.
Regard
CA Nikunj jain
M.N.412491

In case of partnership Firm being building Contractor covered under tax audit how to diclose the N.P./Turnover ratio.whether N.P.to be taken before Partner's Remuneration & Partner's Interest or after providing the same.
Please confirm.

respected sir..

i have 4 business in which i m propriotor.
tournover of the 1st business is 2500000 and tournover of the 2nd business is 1200000 and tournover of the 3rd business is 500000 and tournover of the 4th business is 800000.so total turnover is 5000000 of all the business..whether i m liable for tax audit u/s 44AB.