Hi all,

Suppose there is an asset X which is depreciated in 3 years(total amount depreciated)..but the same asset was being used in the business...so with what value we have to show in the books of accounts.. and is it necessary to show the same in the Fixed asset rigister

Please send me about HOU TO CONDUCT TAX AUDIT & PROCEDURES OF THE SAME

parties to be covered under Sec. 40A(2)(b)

Dear Expert
pl provide comprehensive check list for company statutory audit.

CA NVSMURTY

Our company imports raw material from US for which the payment is made in dollar.. And a credit time of 1 month... In order to mitigate the exchange rate the company enters into forwards contract... How Is verify such contacts ? What are items to be verified? Please clarify

can an Auditor take advance payment of his statutory audit fees?

If yes wouldn't he activates provisions of section 226(3)?...

what is the proceedure to be followed in
case of noticing financial irregularites
during audit of societies under MCSAct
& the illegal use of auditors seal by the mg. committee to stamp the documents without approval.

if an enterprise wanted to shift their office building to a new building, and the new building(under construction) was owned by managing director of the enterprise.
My query was whether the enterprise booked this construction expenditure in the enterprise books of accounts(rent is paid by the enterprise) or is there any other treatment for this

hi,
i have a little problem in capitalizing an asset.during the financial year the company had purchased a mobile phone for Rs.19500 and the amount had been charged through telephone expenses and the company has paid F.B.T for the amount too.what should be done now?

One of my gross commission is Rs.12.00 lacs. When his are to be audited under Section 44AB considered as that he is a professional. LIC itself is doing business , but how we say that he is a professional. Please clarify.