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

Hello everybody,
i m shantanu doing articleship, i have just four months experience, uptil now as i feel there r 4 steps from which audit of any organisation goes through

Step 1: ledger scrutiny I
Step 2: vouching
Step 3: ledger scrutiny II &
Step 4: balance sheet

i dont know how to perform ledger scrutiny, what it actually is, and how to master it.

If any one have some material on it plz do mail me.

Shantanu
shantanuca@gmail.com

i need rough workings w.r.to computation of deferred Tax asset and liability with example.can anyone do it

Hi,
I'v 2 yrs of post qualifying exp.
Plse tell me about the benefit can i get thru FICO.

Also giv me dome info about CIA(Certified Internal audit
Thnkx
CA Surajit Roy

Please send me the checklist of tax audit.
As soon as possible.


thanks in advance

Can Salaries and other expenses incurred by a company for its expansion project be capitalised. If yes, whether a part of the salaries can be capitalised and the balance be charged to Profit and Loss Account

A Private Limited is company, incorporated in India. B Private Limited is another company, incorporated in India. B Private Ltd has 100 acres of land in its books. There are no other assets or liabilites other than this land. A private Limited purchased the entire shares of B private Limited, with the only intention of acquiring the land. A private Limited has a project of constructing residential apartments in this land. The land will not be transferred to the Apartment owners. It will be on lease for a period of 99 years,. A private limited has entered into various agreements for developing and constructing of residential apartments. The land is still in the books of B Private Ltd. The development expenses are incurred by A Private Ltd, which is treated as project development expenses, in the books of A Private Limited.

Querry:
1. Whether the land will be shown as Fixed Assets or Stock in Trade, in the books of B Private Ltd

2. How the project expenses will be accounted in the books of A Private Limited, when the land is not in the books of A Private Limited