CA VEERENDRA MURASHILLIN HUBLI
23 July 2008 at 11:12

DISALLOWANCE OF PAYMENT U/S 40A(3)

1.in order to save DD commission, if a person deposits the amounts of Rs 21000/- in a banking a/c CBS, against the payments towards purchases, whether it amounts to disallowance.
CAN ONE TAKE SHELTER U/S RULE 6DD' PAYMENT THROUGH BANKING SYSTEM -RULE 6DD(c)


Sehar Shivani
22 July 2008 at 12:18

Fringe Benefit Tax

A company's total FBT Payable after surcharge & Cess is say rs 10,00,000.

The payments made in each quarter are:
15-06-2007 135,000
15-09-2007 395,000
15-12-2007 300,000
15-03-2008 200,000

As per the above example, the payment made in the first quarter is less than 150,000..... But in the following quarters excess payment has been made....... What will be the treatment of interest in the first quarter.....??? What entry needs to be passed in the books??????


Srinivasan Arun

Can the Statutory Auditor of the Company question the correctness of the "Discount Rate" taken by the Actuary for the valuation of Gratuity/Leave Encashment Liability as at end of March'08? For eg: Actuary has taken 7% as the discount rate where as Auditor feels it should be 10%


nayana
21 July 2008 at 11:47

audit related Q

can i know the procidure, method,and the practical approach to be addopt while doing audit.and under which area i should go into depth.are firm mostly deal in pvt co.(stat audit) and internal audit.i would like to know the pocedure from starting till finalisation.


harpal singh
20 July 2008 at 21:24

AUDIT OF CO. REGD. U/S 25 OF CO. ACT

WHAT POINTS TO BE TAKEN FOR AUDIT OF COMPANY REGISTERED U/S 25 AS A MICRO FINANCE COMPANY NON PROFIT COMPANY PLEASE GIVE IN DETAILED PROCEDURE FOR AUDIT

THANKS


swati
20 July 2008 at 13:29

qualification of auditor

hi,
I hv read in audit book about a firm having all partners as CAs(1949)& practising in India, in this case auditing may be done by partners under the firm name So, my ? is that " is partner of that firm can do auditing individually without under the firm's name?


Harshit Dhupia

What is a Body Corporate?


ankit goel
17 July 2008 at 15:07

How to Study?

Can any one tell me how to study audit , law , MICS (self) for CA Final


vinod

in case of a asseessee who is a event management company (status) proprietory concern whether tax audit limit should be 40 lakhs turnover or 10 lakhs (receipts)


Pratik K
16 July 2008 at 18:02

Business from Stock and Futue in NSE

A person enters in to business on 1st June,2007 for trading in shares and futures in NSE.
He incurred loss in shares Rs.3000 and in future Rs.12000.
His total turnover is around Rs.60,00,000
Is he liable to audit his account?
Other details are as follow:
Individual
Age 20
Male
Shares turnover Rs.8,00,000
Future turnover Rs.52,00,000
(Future turnover includes Buy and sell of Nifty 10 times only)





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query