Form 3CA shall be applicable
(i). in the case of a person who carries on business or profession and who is required by or under any other law to get his accounts audited
Form 3CB shall be applicable
(ii). in the case of a person who carries on business or profession, but not being a person referred to in the above clause.
I have a Private Limited Company which qualifies to be a Level 1 entity.
Which form is applicable to me ??
what points should be kept in mind while vouching,specially about revenue stamp?
Dear sir,
i want to know that whether
a CA can give his artcled assisstant detail in his profile and
whether he can give his client detail and services offered in his profile.
The profile is for registering with empanelament of Banks and Companies.
A compot lottery shop whose turunover is of 30,000/day but his margin is of flat 3% of on sales. Description of one transaction:
If and if cleint comes then shop owner purchases the lottery and sells instantly and the profit or loss for the purchaser is declared in one hr. Futher, he does not keep any stock for the day of lotteries. Its pure purchase and sale transaction and margin for the shop owner is margin only.
Will in the above case Tax Audit will be applicable? as the T/O for the year wil for sure exceed 40lacs? or should i consider only margin as his turn over and thus no tax sudit?
To inflate the turnover one has added excise duty in sales figure and to nullify the same excise duty is debited to trading account. (it has been done for the purpose of cc limit bank requirement.
What are the consequences?
what steps should be followed in audit of stores & records ........ans me soon plz......
What all kind of insurance policies a manufacturing unit must take.
What should be basis for insurance coverage value.
Hi
I have a client who has got retail business.
He never exceeds Rs.40 Lakhs Turnover from his direct retail business. But, in case i consider the other income and commission(all other indirect incomes) for the turnover calculation, the turnover limit(u/s44AB) exceeds.
So, can anyone of you help me to sort it out whether this specified assessee will come under tax audit??????
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Form 3CA or 3CB ?