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Jaswinder singh
20 September 2016 at 13:31

Ceiling limit of no. of audits

Sir, how many of statutory audits and tax audits accept by ca individually?


piyush

dear sir my client is seller who deals in mobiles.he purchased mobile including 14% vat .now out of his stock he used 1 mobile for his office use.now he want to show mobile under fixed asset.issue is if he show mobile as a sale than vat liability on sale will come.but he dont want to show it under sale and dont want to pay vat .so what entry should be passed for this purpose..debiting fixed asset and crediting purchase doesnt seems to be justifiable entry because its not personal use.kindly guide me.this querry is for audit purpose.my point of view was to make adjustment entry, 1st debit drawing n credit purchase & second entry will be debit fixed asset n crediting capital.kindly guide me.



Anonymous
19 September 2016 at 17:14

Audit of company formed on 30th sept 2015

With respect to the above my query is as follows : -

A pvt limited company formed on 30th Sept 15 and has a turnover of above 1 Cr for the period ending March 31st 2015 and is eligible for tax audit.

My query is since it is a new company will the company has more time period that the 17th Oct 2016 (extended tax audit date) to complete it audit process


Jhimmi Singh
17 September 2016 at 22:55

audit

plz share audit amendments


Asma
16 September 2016 at 11:27

Companies depreciation 2013

I have a query regarding depreciation of a company which was incorporated before 1980, it is very difficult to find information of assets date of purchase from 1980's. however useful life of such assets has been completed. so how can we account these assets as per companies act 2013 without confirmed date of purchase.


Arjun Harish Kumar
15 September 2016 at 21:55

Payroll

how to test the payroll cost for the trust


Payal
15 September 2016 at 15:49

Ind as 115

"Ind AS 115 does not apply to "Non monetary exchanges between entities in the same line of business to facilitate sales to customers or potential customers."

Please explain.



Anonymous
15 September 2016 at 11:02

Statutory audit

As per my understanding:

Statutory audit is divided into:
1. Tax audit
2. Company audit

The last date for filling tax audit report is normally September 30th of the AY.
But, the company audit which is mandatory for all companies under respective Companies' Act , what is its last date?

Please guide.


ANKITA SRIVASTAVA

What is the due date for filing of ITR of Companies and society for AY 2016-17, whose gross receipts are less than Rs 1 crore or Rs 25 lakhs? Is the extension till 17 oct 2016 applicable to them also or is it applicable to only those companies firms & societies which are coming u/s 44AB?


abhi jain

SIR/MADAM,
HOW MANY TAX AUDIT A INDIVIDUAL CA CAN TAKE IN THE F.Y. 2013-13
IN WHICH HOW MANY COMPANY HE CAN TAKE






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