The replies about Eligibility of Signing of Tax Audit Report from Mr. CA. Tilak Raj Sharma & Mr. CA. B. Chakrapani Warrier are contra which query raised by Mr. Hardik V. Sheth.

Expecting, whether that is counted as 1 or 3???? Pls clarify clearly.

What are the areas to be kept in mind while doing Stock Audit ?

Dear Sir,

I am a CA Final student and in the last year of articleship .I have a doubt about requirement of CAR2004(amended) in relation to a Private Limited Company.My question as follows.M/s ABC Limited is a Private limited company having a paid up capital of Rs.50 lakhs.Company is a loss making since its incorporation.Last financial year company was received a grant of Rs.5 lakhs as promoters contribution and same is shown as Capital reserve under the head of Reserves(AS-12) and Surplus in Libility side of the balance sheet,on that year company's paid capital was Rs.5lakhs (50000equity shares of Rs.10 each).On January 2008 Company has increased its share capital to Rs.50 lakhs by issuing 450000 equity shares of Rs.10 each.My question is that since the company is having a reserves + equity share capital more than Rs.50 lakhs,have they required to comply with the CARO,2004 reporting requiremnents.

My query is regarding suspicious transactions that a bank has to report on weekly basis. if a person has withdrawn about 120 lacs in cash in about 7 transactions from his saving account, which is new a/c about 3 months old.He also has same sort of deposits and there are similar trasactions other than in cash. Should this type of a/c be reported in the STR.

my query is if a co. charged excess excise duty than what is liability of that co.

What is the difference between lease agreement & rent agreement.
Since operating lease is as good as rent agreement so why do we call it lease agreement.
whether there is any difference between operating lease agreement & renatl agreement or it is just substitution of words.

I wanted to know Whether i have to pass a resolution (ROC) if any change in EMPLOYEES REMUNERATION / SLAB.

What is "Profession Tax"?
Plz explain indetail or else tell me where i could find complete text on it.
Thanks

Is it true that for assessees who are dealing in shares or any other securities have to submit a special Audit Report or any other special report?
If yes,
Then to whom it ia to be submitted?

DURING THE PROCESS OF AUDITING, IF THERE IS GOODWILL IN THE BALANCESHEET, THEN WHAT ARE THE POINTS TO BE VARIFIED AS AN STATUTARY AUDIT?