Can a CA do statutory audit of co operative housing society in which his relative (blood relation) is a member?

Will question of substantial interest attracts in such case as society runs on co operation basis and not on profit basis and also his relative holds only one share out of 141 shares in said society? will it considered as a professional misconduct as per ICAI rules?

Thank you.

expenses on internet connection.what is the sutable accounting head for it

As per Amendment , wef from 30-03-2016 AS 10 & AS 6 is substituted by AS 10 as Property,Plant & Equipment. Do will Depreciation will be charged under AS10..?

PL. PROVIDE THE PROCEDURE OF VALUATION OF INVENTORIES AS PER INCOME TAX ICDS

AS PER MY OPINION COST OF INVENTORIES INCLUDE COST OF MATERIAL + CENTRAL DUTY+CENTRAL TAXES.
LOCAL VAT ETC. NOT INCLUDED IN COST OF INVENTORIES

PL. SUGGEST ME

According to CBDT Notification ICDS is applicable to client.If there is no changes or deviations in Accounts and ICDS points I to X,then whether it is necessary to make any disclosure in audit report or can we leave it blank or can mention in it as not applicable. Please clarify me? I am unable to understand what we have to report under Clause 13(f) of Form 3CD of Revised Form Tax Audit. A Clear guidance in this regards is also not available. Detail suggestion required

According to CBDT Notification ICDS is applicable to client.If there is no changes or deviations in Accounts and ICDS points I to X,then whether it is necessary to make any disclosure in audit report or can we leave it blank or can mention in it as not applicable. Please clarify me? I am unable to understand what we have to report under Clause 13(f) of Form 3CD of Revised Form Tax Audit. A Clear guidance in this regards is also not available. Detail suggestion required

Kindly suggest me the disclosures which are necessary to be made while making 3CD for the A.Y. 2017-18? WHATS IS TO BE WRITTEN IN DISCLOUSER IN FORM 3CD IN ICDS 1 - DISCLOSURES ICDS 1 - DISCLOSURES ICDS 2 - DISCLOSURES ICDS 3 - DISCLOSURES ICDS 4 - DISCLOSURES AND SO ON

Hai,

Query: What are the external and internal audit evidence available for verification of the amount of brokerage income of a company involved in the business of trading in commodities on behalf of its clients.

I hope my query will be solved.

Thank you.

Dear Experts., A Assessee want Machinery loan. He move to "Syndicate Bank". The bank ask 2years IT and Business related details. We prepared the required documents. Now, The bank asks "Projected Balance Sheet and DSCR" (The assessee write a small paper). What is DSCR....? Please reply Dears..... Thanks & Regards RAJA P M

What are specific disclosures that are required as per clause 13(f) of the revised Tax audit report. Is there any specimen report ?