Hi Expert,

Can you please clarify whether For calculating limit of Rs. 40 lakhs for tax audit purpose Sales/Turonver/Gross Receipts to be clubbed for all business OR to be considered individually?

Say:

Whole Sale : 25Lakh
Retail : 10 Lakh
Commission: 6 Lakh

If Tax audit is applicable how many forms 3CB/3CD needs to be submitted?

Also will Sec 44AF will be applicable on Turnover of Retail i.e. 10 lakh?

Please Guide....

Regards
Gaurav

Can any one suggest me about the applicablity oy 3CA and 3CB ?

What in your opinion is the biggest risk in auditing a software company and why? can any one help more of the interviewrs are asking such questions.

A co. wants to change its valuation method of closing stock from FIFO to Average Stock method.by doing so profit of the co. is increased so there should be no objection to revenue authority in changing the method of valuation of closing stock.
is this manadatory to continue that method in future and as a statutary auditor what we have to disclose in our report?
Reason for changing the method is required to disclose?

I want to know is there any Increase in Audit Limit.If Yes?From Which it will be effected.

Thanks

PLEASE PROVID ME THE REQUIREMENTS FOR APPLYING PSU AUDIT.
THANKS IN ADVANCE....

WHAT AMENDMENTS WILL BE APPLICABLE FOR PCC MAY 2010 EXAMS.

Hi ,

Iam Manager Finance and accounts in one of the MNC and we are about to get our books of accounts audits ,following are the details

- We are MNC having regiestred companies all over the Europe Central America North America and South East Asia.
- Mainly all the opreations is done by a company in central Amerrica ,
-Other companies registered in various countries are just $$ receving companies or payment processing companies, No other activities takes place in those companies

I want to have more understanding on do we need to get those books of account ( $$ receving and payment companies)audited by auditors of those countries or auditor in central America can audit all the books of account.

Daer Sir

Our partner Ship firm has paid travellel agency charges for Our Office Trip.Please say what postig has to be done

Travelling Dr Or staff welfare Dr


Please Say

Thanks & Regards

Survesh

can any one please explain me about sec224[1b] i.e,number of audits to be taken by an auditor