Under sec 211(3C) a company is required to maintain cost records.. What are the cost records required to be maintained with regard to material labour and direct expenses??

X & Co. a regd. p'ship firm has gross recipts of Rs. 18 lakhs for F.Y 10-11. Is the firm liable to get their accounts audited from a Chartered Accountant?

Please help me with a list of laws applicable on a company in India.

Thanks & Regards,
Rishi

Mr. X is Proprietor running business of developing Brands for pharmaceutical company. In his firm there is high employee turnover ratio & to avoid PF, PT, Bonus & leave encashment he made written contract with employee & deducting TDS @2% now my question is whether can employer make contract with employee & at which rate he should deduct TDS @2 % u/s 194c or 10% u/s 194J?

If any employee taking advance amount for a particular purpose, then what are the important/essential supportings required.


Thanks

If pvt ltd company,held in construction bussines.if gross receipt of company is nil. and its expenses is 60lacs. whether it liable for tax audit? give proper reason on the same with section.

Hello Everyone,

Can anybody tell me who can conduct an internal Audit?

And for application of Internal Audit, any one condition should be satisfied or both as per caro 2003.

Thanxs in Advance.

Dear Friend

I want to know which book is best for securing atleast 60 marks in C.A. Final

1. Surbhi Bansal
2. Paduka
3. Vinod Aggarwal

Best suggest best book for comprehensive study.

During finalisation of Accounts and Audit, the Auditor finds that the term loan interest of last six months not paid during the previous year, but management assures that the company will paid the entire interest within the due date u/s 139(1) and not to consider the deffered tax arising to that. Auditor depends on management representation, and complete the Audit and sign the report on 30th june with out creating deferred tax, since because of assurance given by the management. The accounts were adopted in AGM on 30th august. However, because of uncertainties the company not able to pay the interest on due date u/s 139(1). Consequently, some of the share holders question of creating deferred tax relating to the previous adopted Accounts.
Query:
1. Whether the accounts can be revised for the purpose of creating deferred tax which is material to the Financial statement?
2. Whether this constitute subsequent events relating to As-4?
3. Whether the Auditor is liable to revise the Audit report?
4. Whether the Auditor is liable for negligence of mere acceptance of management representation?
5. In case the Accounts were not adopted in AGM, what is the procedure in this regard?

whether there is any limit on tax audit for c.a.,if yes,plz tell the punishment or charges there on???