if a loan of Rs.20,00,000 is given by the MD to The company and is given in cash. what are its consequences which will affect the company?
&
What are the statutory obligations of an auditor in relation to the above situation?

There is a rule in IT for civil contracts that earning below 40 laksh per annum, need not maintain books of accounts and just take 8% of gross turnover for calculation of tax. How about for commission agents and professional income for F.Y 2009-10. Kindly guide.

pls suggest me good reading material for AAS (pcc)

Dear Sir/Madam
We are maintaining books of accounts of our compnay on computer system.
i want to know whether it is compuslory to print books of accounts and get closing balances signed by auditor. kindly give reference of relevent provisions.

Thank you

Dear Sir/ Madam,

May I get your help for the below 2 questions,

1) Why some companies in India employ jonit auditors (excluding the
national banks that are required by regulation)?
Where can I get some official documentation on this phenomenon?

2)Comparing BSE and NSE, which is the more important stock exchange in India?

Can we say that the quality of the listed companies in BSE are generally
better than the ones listed in NSE?

If I want to choose a sample body for my research for Indian listed
companies, may I say BSE is a better choice than NSE?

And where can I get some official info on this?

Appreciate a lot.

Wish you a nice day.

Hi,

I have a query on provident Fund deduction for contract emolyee.
As there is no any consutancy, there is employer & employee relationship but still the provident fund for ontract employee is not deducted. So can someone guide me whether it is necessary to deduct the PF for contract employee in above situation or not?

I Want Note on Caro

Dear sir,
An Associate member of the institute who is in full time employment, fix a name board in his house, his name with Chartered Accountant below. Whether a CA in full time employement can fix a board like that? whether it is guilty of professional misconduct?

Hello members, i have a query regarding calculation of DP in case of Cash Credit Facility. If a party has availed a limit against Stock and Book Debts whether unpaid stock i.e. creditors will be deducted from Stock or Book Debts as margin in case of Book debts is higher. Whether it will make any difference if Sanctioned Limit is bifurcated against Stock and Book Debts in one account or for that matter if two C/C accounts are opened. Please someone clarify on this matter and whether we have to look at sanction note if a banker contends that unpaid stock is to be deducted from debtors only.

X SOLD GOODS TO Y IN THE MONTH OF MARCH FOR WHICH BILL WAS ISSSUED TO Y FOR RS.1 LAKH AND THE PAYMENT WAS MADE BY Y IN THE MONTH OF Y.

2.Y IS FOLLOWING CASH BASIS WHEREIN THE AMOUNT PAID WAS RECGNISD IN THE YEAR OF PAYMENT?iS THE TREATMENT RIGHT?