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.

Dear all,

I just wanted to know that does the credit of interest to an unsecured loan calls for the auditor's disclosure regarding the same in the relevant point for acceptance of loan?

&

Whether opening balance of loan also required to be shown as loan accepted or not?

Plz rply.
Thaxs

Hello

The list of accounts prescribed under section 44AA is applicable only to professionals or any individual, firm and company having income or sales above the prescibed limit in the said section

can a single partner in case a firm of chartered accountant consisting of three partners ,can sign more than the ceiling limit

MY QUERY IS, A PVT. LTD. CO. WHOSE AUDITOR HAS BEEN EXPIRE APPOINT ME AS AUDITOR IN JULY'09, WRONGLY WE HAVE NOT FILE THE FORM 23B IN ROC, IN THIS SITUATION PLEASE TELL US THE PROCEDURE FOR FILLING THE FORM 23B OR PENALTY IF ANY FOR LATE FILLING FORM 23B.

THANKS

CA M.K. JAIN

DEAR SIR/ MADAM

AN ASSESSEE WAS DOING DURING THE YEAR 2008-09 36,00,000 AND HE WAS OFFERED NET PROFIT 61,000 N.P. RATIO IS 1.69 HE IS COVERED UNDER SECTION 44AB OR NOT

TAX AUDIT MEANS ONLY TURNOVER ABOVE 40LAKHS OR TURNOVER ABOVE 40LAKHS BUT N.P. RATIO IS BELOW 5% WHAT IS CORRECT. PLEASE TELL

THANKS IN ADVANCE

Under CARO a registered is required to maintain u/s 301. So, What is that register & what are to be written in that register.

How to calculate maximum amount involved during the year in case of loan taken/granted ?
Eg: If A ltd has taken loan from 3 directors.Whether maximum amount of each director will be added to come at maximum amount involved during the year ?

OR

maximum amount on a particular date during the year should be considered to come at maximum amount involved during the year ?