I would like to know, whether a CA whose receipts during the FY are Rs.9 Lakhs but has raised bills for Rs.11 Lakhs, will he be liable to Tax Audit.
i.e. He is a practicing CA (indiviudal) who has received total payments of Rs.9 L during the FY against bills raised for Rs. 11 L. Will such CA be liable to Tax Audit for that FY

Dear Experts,

In the audit I have found that a payment has been made to a contractor (cheque) in his own name for some construction work . He has given the bill in the name of a company which is run by him. What is the TDS to be deducted ...2% or 1% ?

Please help

Who will audit the books of I C A I board?

can anybody give me performa of appoinment letter of tax auditor

Running & Maintaining of Bus (Travels) are comes under Business or Service? and what is the applicability of audit on the same i.e. 10 lac or 40 Lac

what is the reporting requirements under companies act for stock mare than 12 month old?

I would like to know the maximum tax audit assignment a chartered accountant can sign if he is a director in a company. Is there any limit different from 45 assignment.

Plz tell me the date to be considered for diqulifiction of auditor?

Weather date of agm or any day of that particular financial year for which auditor is appointed?

what is the audit limit for A\year 2010-11 & A/year 2011 -12 for business and professional income.?

Pl tell them separately

Thanks
Amit Kumar

one of my client office's accountant argues me that maintaining balance sheet & p&L in tally software will amount to finishing the financials.
IS IT CORRECT.

He says, the responsibility to prepare the financials will be over when they have a Tally. Because in tally users can see balance sheet, etc.