hello experts
plz tell me current bonus act provisions for audit purpose of F.A.2007-08
i have heared that
1.bonus is to b given to each employee whose basic rate is upto rs.10000
2.but bonus is to b calculated on rs.3500
or less than rs3500(if basic is less)
ex.if employee basic rate is rs.8000 then he will b given complusory bonus on rs3500
n ex gratia on rs.4500(if co. wants )
if employee basic rate is rs.12000 then he will not b entitled to cumplsory bonus but only exgratia if co.wants

plz tell me am i correct
thankx

We are Private Ltd. Co. We had appointed Director by Passing resolution in AGM of the company.

But Director wonn't applied for DIN in 2007-2008 & pending till the date.

My Quary is wheather Remmuneration paid to that Director will be allowed as expenditure in 2007-2008 or Not.

For calculating delay in deposit of Provident Fund, Actual Payment Date (as shown on the Challan) or the date of credit in Books which of the aforementioned dates will be taken?

what do you mean by interest accrued but not due?

author : teena banwari
Posted On : 8/27/2008 9:02:50 PM
Is preference share holder of a company can do an audit of same company ?



Expert : Jitender
Posted On : 8/27/2008 11:00:14 PM
yes ,he can do.

Plz Provide Relevant Provision Of Companies Act or Any other Act.

GIVE A BRIEF A NOTE ON CARO
WHETHER IT IS APPLICABLE ON FIRMS
GIVE DETAILS OF VITA POWERS OF DIRECTOR

Suppose A Co. Has Shut Down Its Activity In a Particular Financial Year Because Of Order of Supreme Court And That Year Co. Does Not Have any commercial activity

Whether it is compulsory to charge depreciation

if yes plz provide "relevant areas of co.act" to support the same?

Hi

Please tell me how to start with tax audit, what are the main things that are to be kept in mind?

Please tell me how to go about it....

I AM A ARTICLE AND I AM INT HE FIELD OF AUDIT FOR LAST 1 YEAR. I HAVE SOME EXPERIENCE IN AUDIT. BUT I DONT HAVE ENOUGH KNOWLEDGE. CAN YOU TELL ME THE WAY TO AUDIT DIFFRENT POINTS WHICH WILL COME IN MOST CASES OF AUDIT . any point u can teach me.

hello everybody,

I want to ask that in any organisation many payments are made during the year and on those payments TDS is deducted so during any audit how do i check whether TDS has been properly deducted or not

one simple way is through vouching i.e take their system and check whether they have properly debited the amount or not

the other way is to rely on there data that they had deposited.

shantanu
shantanuca@gmail.com