Firm collecting money on behalf of his bike customers and paying to the bike supplier without any sales or purchase bills respectively and only collecting money on behalf of his principal .. no vat tax etc collected or paid and directly transfer and bills to his customer .. which amount is to be taken for turnover .. whether the difference between money collected and paid or to be shown as direct sale or purchases in his books ... and penalty u/s 271 B applicability on which amount .. whether gross receipt of amount or the difference ?

under caro 2015, turnover limit was calculated by: 1. deducting trade discounts 2. sales tax/ excise duty shud be deducted 3. sales return should be deducted 4. commission to 3rd party shud not be deducted now whether under caro 2016, the same criteria will apply for the calculation of turnover??

SIR

PLEASE LET ME KNOW THE DIFF. BETWEEN PARTNERSHIP FIRM & LLP

If a company does not calculate and provide depreciation as per new format as per companies act 2013, is it mandatory for the auditor to qualify in his report?

In case if question ask to provide 8 SPECIAL POINTS in special audit of an entity , are we required to provide general points also along with spl points? As this will sum up to a total of approx. 22-24 points.

Dear Folks,

Is it mandatory to have separate auditor for the IFC or can be done by the statutory auditor himself. If so please explain the procedure.

Thanks

Whether audit done whose turnover does not exceed 1 crore but has profit below 8% are also considered in calculation of 60 audits?

Dear Sir, any Share transaction is crossed more than 3 cror in the FY 2015 - 16. this is comes under tax audit. if any charactered accountent is required. please tell me sir

a religious trust is not registered under section 12aa of the income tax act. whether such trust is liable to audit?? which itr will be required to file the return of such trust??

Dear Experts Im doing revenue Audit Report for an health care BPO company. I have done the auditing and found lot of discrepancies. I would like to present the audit report to their management. kindly help me in this regard and share me the revenue Audit Report format as soon as possible Thanks in advance.