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?

I have read a balace sheet of a pvt. ltd co.

Detail of Company:- currently there is no production and the construcation of plant is going on so not having any income.

The auditor prepare only balance sheet and there is no profit and loss account so is there any clause that no need of any P&L account for the company who's construcation of plant going on?\

another thing is there as per as-10 pre operative exp. are capitalised so these are which type of exp? can i have some example?

antoher thing is there auditor is also captilised the exp related to audit and othe so is it correct?

Please do reply

Regards,

Neeraj jangid

Dear Sir,
The debit total of Speculation business is Rs.38 lakhs and credit total of credit side is Rs.42 lakhs.
Does audit required for this account ?
What is the crieteria of audit for specualtion business?
Your answer is highly oblidged.

what are the aspects to be covered in ledger scrutiny....what is its role in an audit

Hi
Respected Members

Can any one tell me ? I am doing tax audit of Pvt. Ltd. and in such company following activities are observed:-

First Expenses of April is booked in march but tds is on 1st May and such tds is paid in June due to late receive of bill i.e. in may.

So whether it is wrong or right?

And whether question of interest on late payment is arise or not?

Because Tds is to be deducted payment or credit whichever is earlier.