A proprietor of Ladies Dress material has Two Retail Shops in the same area with Two differnt Shop names and Two different VAT Nos.Both the shops are dealing in same type of products.One shop is crossing the T.O. of Rs.40Lakhs and another is below 40laks(showing more than 5% N.P)
my query is, whether the books of second retail shop-which otherwise is covered under the provisions of presumptive tax-are also required to be audited U/S.44AB? or can it be covered under 44AF(4)
Can ITO take a stand that to avoid the provisions of 44AB becoming applicable to the second retail shop the assessee has preferred to split the same business in two units ?

Pls, tell me "Why 3CD is necessary to prepare and what is its use" Pls, tell me more about 3CD Annexure

Thanks with Regards
MANISH SHARMA

Dear Friend

A company has deducted TDS on Vat for a Civil contractor Bills Rased but the Civil Contractor has not Charges or Rased bill with Vat.Where Should I Account TDS on Vat In Current Asset OR as a Direct Expense and can the TDS of Vat can be clamed for Incometax

Please Say

Whether NOC required for Audit Of PVT LIMITED Company ( Not Fall U/S 44 AB of Income Tax.)From the previous Auditor.

whether performance guarantee given by bank on behalf of client is to shown as contingent liabilities in notes to accounts.

can any1 tell me that whether to study auditing & it&sm through icai module or any other author's...for ipcc[group-2]...n his name

is it sufficient if a mail to previous auditor is sent asking him a NOC or should it be obtained by writing a letter to the previous auditor.

if the client gives the appointment, say 8 days prior to the due date of filing and till the date of filing the previous auditor has not responded to the NOC, what should be the next steps?
please help on this

DEAR SIR,
CARO IS APPLICABLE TO ALL PUBLIC COMPANIES AND PVT COMPANIES WHICH FULFILLS ANY OF THE ONE CONDITIONS SPECIFIED IN THE ORDER.NOW MY QUESTION IS THAT THE REPORTING IN CARO IS DONE FOR ALL THE TRANSACTIONS THAT HAVE BEEN TAKEN PLACE DURING THE YEAR OR ONLY FOR THE STATE OF AFFAIRS THAT IS SHOWN IN THE BALANCE SHEET?

When should a company have the internal auditor

Good Afternoon everybody, i am Ankur Jaitly, working with a partnership firm, as it has a depot in chennai. We are in the process of Auditing. So, there are some cash we had transferred towards branch. So, i want to know that in Branch balance sheet how this cash would be represent i.e seperately in Capital A/c or it can be merged in Branch/Division A/c. Please do the needful.