A co. already carrying on business starts a new project which will take more than 2 years.
Co. has started the project & incurring expenses but no revenue is generated whether it is feasible to charge all the expenses from profits of other business.

Is any text availble in this respect with conditions, if yes please let me know.

A co. already carrying on business starts a new project which will take more than 2 years.
Co. has started the project & incurring expenses but no revenue is generated whether it is feasible to charge all the expenses from profits of other business.

Is any text availble in this respect with conditions, if yes please let me know.

In case of Tax Audit U/s 44AB whether in addition to report in Form 3 CA/CB we are required to issue Statutory Audit Report if we are statutory auditor's as well.

That means audit report under 3 CA/CB is only tax audit report.

Dear Sir

We the company is providing CAD/CAM Activity in relation to engineering services for the automobile sector
with the help of License Software taken
on lease from the Vendor or purchase from
the Vendor.

Now what our client does, they use output
provided by us in the modification of
automobile.

Now my question is that
1. whether the activity being done by us covered under the Scientific & Technical Service head in the Service Tax act,1994 ?
2. Whether the activity being done by us
is can be classified as IT-Software ?
3. Whether the design & Drawing supplied
by us to the customer for utilised in the
manufacture & modification of Automobile can be classified as goods ?

Shatrughan

Dear All,

If X company has statutory auditor already in place but now the company wants to appoint Internal auditor, then can company appoint the same without prior notice given to Statutory auditor and what is there any turnover/share capital ceiling to have the internal auditor appointed?

Dear Sir,

While auditing the civil / construction bills,what are the aspects that I have to consider.When I go through civil bills, I couldn't understand the nature of work carried out in the site as they are in civil engg.terms.Is there any guidance note in respect of audit of civil bills.Please guide me in this regard.

Thank you

Dear Sir,

While auditing the civil / construction bills,what are the aspects that I have to consider.When I go through civil bills, I couldn't understand the nature of work carried out in the site as they are in civil engg.terms.Is there any guidance note in respect of audit of civil bills.Please guide me in this regard.

Thank you

A sick company has not provided for interest expenses of March month in its books of account.All other expenses have been provided on accrual basis.Whether a auditor is required to qualify his report. if yes. in what manner

A private company has no business activity during the entire year ending 31-03-2008 and it proposes to file a petition for winding up u/s 560 of the Companies act, 1956. As such, it has no profit & loss account for the year. In balance sheet, liability side is represented by paid up share capital and in the asset side, there is an equal amount of profit & loss account balance (Loss). there are no other liabilities or assets.
As an auditor of the company, how to draft the audit report? Whether reporting is still to be done covering all aspects referred in section 227(2) and 227(3). Is there any guidance available in the literatures published by ICAI. If so, please furnis the same.

WE are 100 Cr manufacturing company . we are proposing to appoint internal auditors.so we require top 10 internal audit firm in zone of Mumbai with their fee structure and Work area.

if anybody having this details plz forward this on following e-id:
sanjaybkadam@gmail.com / sbkkadam1980@yahoo.co.in