When are we liable to deduct TDS? Suppose if there was tax audit of a firm in F.Y. 2006-07 and in F.Y. 2007-08 there was no tax audit, but again in year 2008-09 there was tax audit again in the firm.Then whether the firm is liable to deduct TDS on the expenses made in year 2008-09?

Dear experts,
Is it compulsory to write off Sundry Debtors
beyond 3 years??
If yes then under what section, please mention??

Hi,
Any one can send me format of the report,on maintainance of statutary books and regester by private company (100% forign holding) under company act 1956. And checklist of secretarial audit of private company.


My contact no 9884772848
My mail id amiyaranjan2007@gmail.com

I will be greatful is somebody give me details about purpose of checking Bank Reco

While preparing Audit report of Private Limited Concern is it necessary to mention in Audit report clause relating to Section 274(1)g of Companies Act?

Can anybody give me PF and ESI compliance checklist for statutory audit...
Thanks in advance

Hello frenz,

Can anyone tell me in brief about FBT and TDS please.

as difference in foreign exchange rate should be charged to p&l a/c, one of my listed company client is adjusting such foreign exchange credit balance to sales a/c. saying that it ultimately charged to p&l a/c. is the treatment right?

Please tell me how to proceed with the WIP Audit of a pharma Company.and what all documents are needed????

A PARTNERSHIP FIRM HAVING 2 PARTNERS [HUSBAND & WIFE] CARRIED ON THEIR BUSINESS OF SAMPLE ANALYSIS. DURING THE MONTH OF JAN 2009 WIFE DIED. ACCOUNTING METHOD ADOPTED - CASH BASIS. AFTER HER DEATH, HUSBAND CARRIED ON BUSINESS IN THE NAME OF FIRM [INDIVIDUAL STATUS]. MY OPINION IS : BOTH BUSINESS ARE SEPARATE. HE HAD TO CLOSE BOOKS OF HIS PARTNERSHIP FIRM ON THE DAY OF DEATH OF HIS ONLY PARTNER. HE HAS TO TAKEOVER ENTIRE BUSINESS AS AN INDIVIDUAL ON THE SAME DAY AND HAS TO PREPARE NEW BOOKS OF ACCOUNTS FOR BALANCE PERIOD OF THE FINANCIAL YEAR. TAX AUDIT IS REQUIRED ONLY IF ONE OF THE BOOKS HAVE INCOME EXCEEDING Rs. 10 LAKHS. LET ME KNOW, AM I RIGHT OR WRONG ?