Sir,

i want to know if dta on losses for previous year is not done.. than in current year what to do....

Plaease provide information about non-applicability or exemption from following Certain Accounting standard for Micro,Small & Medium Sized Company.

Is AS-15, As - 18 & AS-22 applicable on SMC.

Can any body tell me what are the implications and recommendations on the following matters.

1. On official duty slip in the Row of Purpose it is only written official, but that is not sufficient, Official duty slip is maintained by Gate keeper of company when any person goes out of the company premises for any official work.

2. In Salary Register the details are not filled up properly for e.g No of Days worked and Leave availed

3. Difference in Salary Register.

4. Company has maintained multiple attendance records and all records do not reconcile with each other.

5.Tax computations of employees were not available and on Tax has been deducted.

6. The difference in no. of employees between PF Return and Salary Register.

7. No Policy for Staff Imprest and Staff Advance has been framed by the company.

Wht is the implication of negative cash balance on any day on the financial statements and as an auditor what should be the recommendation to the client?

Clause 17A of form no. 3CD mentions about inadmissibility of interest u/s 23 payable to SMEs. But the same can be claimed u/s 43B of the income tax act, 1961. So what is the relevance of introducing this new clause?
Is there any specific requirement to introduce clause 17A in form 3CD?

There is a company where the name was approved by the ROC and the director of the company incurred expenses in the approved name but before the date of incorporation of the company. What will be the treatment of the said expenses? Show we debit in the profit & loss a/c or be capitalised as goodwill or some other place.

IF A PARTY GAVE ONE CHQ.FOR RS.100000 AND DEPOSITED IN BANK AND BOUNCED. WHILE PASSING THE ENTRIES RECIPT OF CHQ. IS BANK A/C DEBIT & PARTY A/C CREDITED.

WHILE CHQ.BOUNCED SHALL I PASS THE PAYMENT ENTRY OR JOURNAL VOUCHER KINDLY CLARIFY

THANKS®ARDS

My company does not expect to be profitable for two to three years after 31.03 09.

For the timing difference in depreciation should we provide deferred tax liability?

Or consider such liabilty when we are sure of making profits?

Can we adjust Misc Expenditure(Preliminary Exp) with sahre premium.

Can I have any guidance notes on internal audit and internal controls of a company engaged in dairy farm and selling dairy products?