While conducting Audit I found three vouchers where the company under Audit is found having three Traffic Signal Vouchers for breahing traffic Rules.

I in first instance disallowed them.Am I doing right?

They are explaining that its businees expenses as the bills of goods were to be delivered within a hour.And hence the person break the signals.

What should I do?

Before accepting the Internal Audit of a company, should a intimation of the same be sent to the previous internal auditor as done wrt previous statutory auditor.

my ca told me not to do complete vouching of a export co.but i want to check its tds status the payment made to party by cash actually its a big co. so how can i track cash transactions on which tds should be deducted but not deducted please help me out???

14/07/2009

Hi,

Can anybody send me Excel Sheets of Bombay Public Trust Act Forms.

Thanks

CA Sunil MApara.

Plz suggest reference Book for Auditing under CA final (new course)

DEAR SIR/MADAM

CASH RECEIVED IN COMPANY BY ITS DIRECTORS OVER 20000 IS ALLOWABLE OR ITS DISALLOWABLE

CASH RECEIVED FROM PARTNERS IN PARTNERSHIP FIRM I.E. LIKE CAPITAL INTRODUCED IS OVER 20000 IS ALLOWABLE OR ITS DISALLOWABLE

CASH RECEIVED BY PARTNER IN TO FIRM ITS MEAN- CAPITAL INTRODUED

CASH RECEIVED FROM DIRECTORS IN COMPANY IS WHAT I.E. LOAN FROM DIRECTORS OR SUNDRY CREDITOR. PLEASE TELL

THANKS IN ADVANCE

DEAR SIR/ MADAM

AS ASSESSEE CASH RECEIVED FOR LOANS WHOLE OF THE YEAR IT WAS 150000 BUT THESE AMOUNT RECEIVED FROM CREDITOR SOME INSTALLMENTS NOTHING TO ANY INSTALLMENT WAS MORE THAN 20000 EXCEPT ONE I.E.23000 REMAINING 127000 WAS SOME INSTALLMENTS AT THIS SITUATION TOTAL 150000 IS DISAALOWABLE OR ONLY 23000IS DISALLOWABLE UNDER SECTION 269SS, PLEASE TELL

THANKS IN ADVANCE

What is the nut shell position for internal audit for companies i.e. when co. has to appoint internal auditor, is there any monetary limit, whether audit applicable for both pvt & ltd co., weather applicable for all type of co's etc

Dear Sir,

My Turnover for financial year 2007-2008 is above 1crore as I have not submitted my IT return for 2007-2008 and did not get my accounts audited. I want to know can I submit my IT return for 2007-2008 now with audit report.Is there any penalty for that..

Thanks

DEAR SIR/MADAM

SON BOOKING FLAT RS, 15,00,000/- BUT HE WAS PAID ONLY 250000/- REMAINING 1250000 PAID BY FATHER AND FLAT REGISTERED HUSBAND AND WIFE 1/2 SO DAUGHTER IN -LAW WRITE IN HER BOOKS OF A/C

FLAT A/C DR 75000
TO GIFT FORM FATHER IN LAW 750000

IS IT CORRECT OR NOT AND ITS ALLOWABLE GIFT RECEIVED FROM FATHER IN-LAW, PLEASE TELL

THANKS IN ADVANCE