While Verifying TDS Deduction, we need to check whether EC & SHEC Has been deducted or not bu as per new ammendment issued on 28/8/2009 EC & SHEC Shall not be deducted in FY 2009-10 But what if deducted prev to this Date & What if not deducted previous to this date

I need to know as per CARO what is required to be mentioned in following clause

Whether the Company has defaulted in repayment of dues to a FI or Bank or Debentureholder.If yes the period and amount of default to be reported.

whether only default(failure to meet financial obligation) needs to be mentioned or even delay(payment after the due date) is also required to be mentioned.

The partnership firm was converted from fim to Pvt ltd co. in the middle of the finacial year. Do we require to make seperate balancesheets for the firm and the co?? or is there any law where we can pass a resolution and we make only co,s balancesheet?

In a firm, it is not possible to segregate the parties for freight paid.
Hence, TDS provision compiled by the firm is impossible to check.

How shall we qualify the audit report regarding this situaion.?
Kindly help

Urgent

I need to know as per CARO what is required to be mentioned in following clause

Whether the Company has defaulted in repayment of dues to a FI or Bank or Debentureholder.If yes the period and amount of default to be reported.

whether only default needs to be mentioned or even delay is also required to be mentioned.To the best of my knowledge and as per the language of CARO only default i.e.account has become NPA or delay beyond 90 days as per bank norm needs to be mentioned.Do you have any guidence note as issued by Institute

A partnership firm has incurred Rs.35 lacs as advertisement charges for the AY 2010-11. What are the auditing aspects to be looked into?What are the income tax provisions to be complied?

Kindly help

Need to know what is required to be reported in clause XI regarding default in payment of due to Banks/FI/Debenture.

Whether default means payment beyond 90 days delay or it means delay even by 1 day.

Internal Audit on Subcontract work
Dear Sir, I am going to audit on job work(Subcontractin) so on that i need some valuable inputs and checlkist and ICQ. Could u pls provide and help me

Hi..could you plese provide me some valuable inputs in Subcontract Audit and also please provide me checklist and ICQ for the same if possible.

please provide ASAP.

hw to prepared for audit ca final?