varun kumar
28 May 2009 at 00:44

limit to audit

Max. 45 tax audits can be done by a CA. And Max. 30 Pvt Cos. audit can be done by a CA. My question is does the 45 tax audits include tax audit of companies also, or it states 45 tax audits of non companies? Does it mean that a CA can sign sign 45 tax audits (25 corporate tax audits + 20 non-corporate tax audits) and 30 corporate non-tax audits? Plz explain the provision, i'm still confused.


DNV SATISH
27 May 2009 at 23:09

Penality can be Capitalised ?

Whether penality paid for getting the asset in to existence can be capitalised ?

Whether the penality paid can be allowed to add as an expense to the Fixed Asset as Per Income Tax Act ?


Jayesh Jagetiya
27 May 2009 at 13:05

Pvt ltd & Ltd.



Dear Friends,
What is the difference between Pvt Ltd Co & Ltd. Co. in terms of:-
1. Balance sheet preparation
2. P & L Preparation
3. Accounting standards
4. Cash Flow preparation
5. Notes to accounts
6. other disclosure requirements


RITU GARG
27 May 2009 at 13:05

Unpaid Bonus

Please tell me the treatment of unpaid bonus alongwith reference in bonus act as soon as possible


Meekha
27 May 2009 at 11:30

CARO

Can any one please explain me what is CARO? Why there is something called CARO and what are its uses?


A D - Loving Life
26 May 2009 at 20:07

Cash payment section

Under which section cash payment of more than ywenty thousand rupees is
disallowed?


A D - Loving Life
26 May 2009 at 20:04

Crdit note and debit note

When is debit and credit note issued and who gives to whom
Also when we give discount or receive discount what should we issue debit note or credit notes and why?


A D - Loving Life

Is cash sales more than Rs. 20,000/- is allowed or not?
Specify with reason?


A D - Loving Life
26 May 2009 at 19:41

Black Money

What is meaning of Black Money and why and for what it is used for?


A D - Loving Life
26 May 2009 at 19:36

Cash payment more than 20,000/-

Is doing cash payment of more than 20,000/- a day or per bill or receipt is disallowed?
If Yes please specify with reason?






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