Respected Sir/ Madam,

What is the maximum no. of Tax audits a Chartered accountant can accept. Does this maximum limit include both tax Audit under Income tax act & Vat audits under MVAT Act both inclusive or whether an auditor accepting 45 IT tax audits is eligible to accept another 45 Mvat Audits.

Thank You

what is BAIT money in relation to bank audit?

how should income be recognisewd in the books of accounts of an online lottery business? does any one have audit prog/critical areas wrt to lottery.
Also anything on offence & penalty

How should income be recognised in the books of accounts for lottery business? Does anyone have audit prog/critical areas for online lottery business?

Hi,
Would like to know the Statutory and ethical obligation of an auditor being appointed other than the retiring auditor of a public as well as aprivate company

Dear Sir,

My query is this that whether input of service tax is available on mobile phone if the phone is not in the company's name it is in the name of some employee or director working for the company.

Please also give some reference of the same if possible so that i can argue with any one in case of need while on the audit.

Krishan Goel is waiting for the early response

thanks in advance.....

according to companies act an auditor can sign 20 audits all audits are statutory apply for ltd. company not for pvt. ltd.company.
acc. to icai guidlines an auditor can sign 30 audits including pvt. ltd. company
i want to know that under the restrited no 30 audits , tax audits, branch audit, are also included or not
or
the 30 audits only include ltd and pvt. ltd.
can an auditor sign tax audit report if he has already sign on 30 audits including ltd. and pvt. ltd. only

What is the treatment of preoperative expenses for accounting as well as income tax purposes?

Company A received interest from company B on unsecured loan which was given earlier to company B.Both the Company have a common director mr. mukesh. mr mukesh is executive director in company A and non executive director in company B.

Is interest received by company A is related party transaction and any disclosure required for the same.Company A is reporting enterprise.

1. i have two propritorship farm.one of them is cloth and another is of chemical business.
now turnover of cloth business is 35 lacs and turnover of chemical business is 10 lacs.
whether i am liable for tax audit u/s 44AB?

2. if turnover of the profession is 8 lacs and turnover of business is 35 lacs.
then i am liable for tax audit u/s 44AB?