auditor have indebted to the sBH is qualified for the appointment of the auditor of the SBI

Could you please confirm what is the requirement for Internal Audit. Our Share Capital is Rs 184.60 Million

Please suggest the accounting treatment of Demolition of an old building which was constructed on a Land. The demolition has generated a revenue of Rs. 10 lacs from the sale of scrap in the same year of purchase of land.

Can this scrap value be credited to the cost of land so as to subsequently reduce the cost of Land?

What is the tax implication of this treatment?


The building was entirely useless for the company since it was purchased?

Hi, I am doing audit of one Trust employing more than 100 employees. The said trust is also employing on contract basis who include retired Govt. Employees etc. whether, Provident Fund Act is applicable to contract employees or not & if possible kindly quote the reference section of the respective act. The said client trust is deducting PF of its regular employees but not of employees on contractual basis.

CA. Lahoti, Pune

for a garment based pvt ltd co., what are all the main areas to be covered for internal audit?

Due to some different procedures followed by the foreign parent company, the indian company is asked to reverse the revenue of previous year in current year. Due to this reversal, the net profit is getting turned into Net losses. The question is:

1) What type of report (i.e Qualified, discliamer or adverse)to be issued in such scenario where the profit is getting converted into losses of current year?

2) Why with reason

3) Please give some real examples to set the past precedents.

4) How this reversal shall be disclosed in the financial statements i.e extra ordinary item or something else?

Thanks

If the tax audit for the F.Y. 2008-09 has already been done by another auditor but some mistake found later. can another auditor conduct the reaudit on request by assessee for same f.y. 2008-09 without communication with previous auditor?

Is communication with privious auditor is must before taking up the TAX AUDIT of Proprietory firm?

which contracts payment are need to deduct TDS? whether required to deduct tds on printing of any books.

I did like to know, while calucatin Turnover for the purpose of Tax Audit which turover we shld consider...

1 Gross Turover including VAT & excluding Sales Return
2 Net Turover excluding sales return

plzz clear the doubtttt