Hello Sir

Kindly help me on reporting of observation in audit report when the auditor is not provided with the bank statement during audit (i.e. how to report the same in audit report). As per explanation given by auditee client, the bank account is not in operation for last four to five years and therefore bank is also not providing with the statement or balance certificate.

Dear sir,
I want to know what is the depreciation rate for sign board
Neon Sign board & Glow sign Board as per Income tax Act
Thanks in advance

HELLO EXPERTS;

ONE OF MY CLIENT HAS TAKEN LOAN FROM FINANCIAL INSITUTE OF AMOUNT MORE THAN 1 CRORE AND HAS PAID UP CAPITAL AND RESERVES OF MORE THAN 1 CRORE. HOWEVER TURNOVER IS BELOW Rs.12 LACS.

AS PER CARO 2016 THE WORD AND IS USED BETWEEN ALL THE THREE CONDITIONS

MY QUERY IS THAT ,
1) WHETHER CARO 2016 IS APPLICABLE TO MY CLIENT. ....?
2) WHETHER ALL THE CONDITIONS ARE INDEPENDENT OR CUMULATIVE. ....?

WORDING USED IN CARO 2016;
a private limited company, not being a subsidiary or
holding company of a public company, having a paidup
capital and reserves and surplus not more than
rupees one crore as on the balance sheet date AND
which does not have total borrowings exceeding
rupees one crore from any bank or financial institution
at any point of time during the financial year AND which
does not have a total revenue as disclosed in Schedule
III to the Act, (including revenue from discontinuing
operations) exceeding rupees ten crores during the
financial year as per the financial statements.

THANKS IN ADVANCE

How to conduct concurrent audit of bank ? What is verify in bank guarantee?

How to conduct concurrent audit of bank ? What is verify in bank guarantee?

What things are need to be verified in bank audit while verifying import and export transaction? On export transaction whether commission is to be accounted by bank on realisation basis or accrual basis?

Whether VAT Tax Payable & TDS Payable shown in Financials statements at the end of FY and the payment for the same is made before due date filing return is required to be reported under under clause 26 of Form 3CD.

Hi everybody,

I have a confusion in the matter of dis-allowance of expenses that for the PY 2015-16 audit provision entry passed for the day 31st of March 2016 now, i mean in September 2016. and the client ready to deposit TDS in this month.
My question is whether i have to dis-allow the 30% of audit fees for default of TDS provision or not?? how can i treat this issue.

Thanks in advance.

How will be the signing pad of a CA signing a tax audit report who does not have any firm name?? Can anyone give the proforma??

Dear sir,

please help me with regards to capitalisation of advertisement expenses