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

I need a note on pre-audit.... if any one has do send the same...

DEAR SIR/MADAM

AS ASSESSEE TAKEN LOAN FROM BANK (SECURED)RS. 25,00,000/ AND LOANS RECEIVED FROM UNSECURED FROM OTHERS RS. 15,00,000(CHQ) AND RS. 1,00,000/-(CASH) THESE ARE SHOWN UNDER 3CD COLOUM NO 24B SEC 269SS IS COMPULSORY. ALL ITEMS OR UNSECURED ITEMS, CASH RECEIVED ABOVE TWENTY THOUSAND IS DISALLOWED BY ITO OR AT THE TIME OF COMPUTATION.
2. AS ASSESSEE GIVEN LOAN TO OTHERS RS. 1,00,000(CHQ) AND RS. 1,50,000(CASH) THESE ITEMS ARE SHOWN UNDER 3CD COLOUM NO 24B SEC 269T IS COMPULSORY. ALL ITEMS OR UNSECURED ITEMS, CASH PAID ABOVE TWENTY THOUSAND IS DISALLOWED BY ITO OR AT THE TIME OF COMPUTATION. IF ABOVE ITEMS ARE DISALLOWED OR PENALTY IF PENALTY PLEASE TELL HOW MUCH AND WHICH SECTION.

THANKS IN ADVANCE

Please anyone can clarify how many tax audit a Chartered Accountant can do also, which all audits are counted for the same and which audit are not counted.

Thanks & Regards
Maulik

Is audit compalsary for all private ltd companies

Can anyone mail me plz draft NOC letter to be taken from retiring Auditor. My email id is trivedi16@gmail.com

Regards

If a Non-Listed Pvt Ltd holding comapany has given loan to its fully owned subsidiary company and it exceeds RS 10 CRORES IN THIS FINANCIAL YEAR then is level 1 applicable or not?

Tell me the best teacher for PCC Tax whether ajay jain of mk gupta or dr. girish ahuja.
Because ajay jain doesn't teach practical quistion as much mk gupta.