Hello friends.Kan nebody tell me what is the eligibility criteria for applicability of Internal audit to a company.Is it stated newhere in the companies act.Please help me.

can some body solve some of my querries ????
1) a pvt ltd co. has paid up capital Rs.528750 & Reserves & surplus is Rs.14685921.27(including share premium Rs. 14381250 and Profit & loss a/c Rs.304671.27) on 31.03.08.It doesnt have any loan & the turnover is below 5 crores. Whether CARO 2004 is applicable to the company ?
2) if yes , whether internal audit as specified in CARO 2004 pt (vii) is required ? The paid up capital and reserves as at the commencement of the fy were 172500 and 506309.65(including Rs. 487500 share premium).
3)whether compliance certificate is required for this company ?

In the previous year if the company has apportioned the expenses as Pre-Operative. As the company shut downs it operations how do we treat pre-operative expenses now pls let me know.

Dear All

A company wants to appoint a Non-CA as Internal Auditor. As per ICAI's guidelines, Schedule to Chartered Accountans Act, and Companies Act, 1956, is it possible for a company?

thanks

What is a rate of TDS for individual- contractor,professional & brokrage before june-07 ?

when will be caro applicable

my query is:
a pvt. co. have Rs.10lakh paid up capital & Rs.90lakhs share application money. is CARO or MAOCARO requirement applicable to that co.

Tax Audit is conducted on the basis of gross turnover, in this matter the Gross Turnover includes tax(i.e., sales tax/service tax.,) or excludes tax. that means it incluses tax or not. Plz tell me

In an audited financial statement (u/s 44AB of IT Act) whether disclosure of previous year figures is mandatory.

Dear Sir
A trading company was incorporated on 1.4.2005 with prelims exp of Rs 30000/=.
For year ended on 31.3.2007 pre operative exp as under :-
1> Salry 30000
2> Travelling 55000
3> misc exp 15000
Fixed assets- Computer 60000, Furniture 20000, Office block 300000
company statrted trading business on 1.4.2007. Please advice , how to ammortise or capitalise pre op exp Rs 100000/=