Rohit Mishra
22 July 2009 at 10:33

valuation of inventory

if we change the method of valuation of inventory from fifo to weighted average method then it is required to change the value of opening stock and adjust the difference with the current year profit or loss.

and the other thing can A.O. rejects the change in method of valuation of inventory that we have adopted ? can he disallow the treatment ?
Please give me any case reference or judgement for this situation.


priyanka
21 July 2009 at 18:53

audit

which color pen used by statutory auditor & internal auditor while cheking vouchers etc.
if we are working in office & we have to check the voucher as internal cheking then which color pen we shoud used?


karuna
21 July 2009 at 17:24

audit for company less than 40 lakhs

is audit required for a company having a turnover of less than 40 lakhs. If not who can file the returns. A chartered accountant is necessary to file the returns. Kindly suggest me


BRS VASAN
21 July 2009 at 14:39

To Study CA

Dear Sir

I am 45years old and Completed by MBA through Annamalai University and at present working as senior executive in a service industry. Shall i join CA. IF it ok means send me the way how to join.

REGards

BRSVASAN


pavankumar

sir
can any one pls explain me the procedure of Import purchases & Export sales

and what doctuments need to see while conducting audit ?


Thanks in advance

pavankumar


P B Srivathsan
20 July 2009 at 20:23

Expert Opinion

Can the auditor directly take expert opinion on matters where he needs expert inputs, in connection with issuing a report or certificate? Or, is it compulsory to route it through the client always?


Rohit Mishra

if the agri. income exceed rs. 40 lacs then is it liable to tax audit under sec. 44AB of income tax act,1961 ?

assume that the assess has no other income exceed rs. 5000/-


Rohit Mishra
20 July 2009 at 00:21

valuation of inventory

if we change the method of valuation of inventory from fifo to weighted average method then it is required to change the value of opening stock and adjust the difference with the current year profit or loss.

and the other thing can A.O. rejects the change in method of valuation of inventory that we have adopted ? can he disallow the treatment ?
Please give me any case reference or judgement for this situation.


Balasubramaniyam Sundaram Iyer

whether sales tax collected in respect of sales made has to be included in the "total gross sales, turnover, gros receipts" for determing the treshold limits of Rs.40 lakhs for audit purpose


ashish
18 July 2009 at 13:43

PF detail in Form 3 CD

hi... pls inform me about PF detail in form 3CD..?? should we give total payment of PF including employer's contribution..month wise.?? or only employees contribution......?????






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