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Shweta
06 September 2016 at 17:31

Applicability caro, 2016

Dear Experts,
A Private Limited Company having
A. Paid up capital Rs 31.25 Lac
B. Share Premium - Rs 82.35 L
C. Profit & Loss A/c (Cr Bal)- 7.25 Lac
D. Loan- Nil
E. Turnover Rs 4.53 Crore

Please confirm whether CARO-2016 will be applicable or not


anu Ghai sssssssssssssssssssss
05 September 2016 at 23:34

Lien on books

In case auditor has not been paid so can an auditor exercise his lien on books?


Navneet Kaur Chawla
05 September 2016 at 11:03

Tax audit limit for cold storage

what is the tax audit limit regarding turnover of cold storage?
and Is Cold storage considered part of profession?


anu Ghai sssssssssssssssssssss
03 September 2016 at 22:01

Internal audit

How many companies are covered under sec 138 Of companies act for internal audit?



Anonymous
02 September 2016 at 16:09

Government contract

What is the impact of not fulfilling any term or conditions of agreement which is entered between Private limited Company and Government suppose company has entered into an agreement with government for supply of medicines to govt. department.

Terms and conditions says that the price charged for the supplied item under the contract shall in no event exceeds the lowest price at which the contractor sells this medicine to other person.

Now at the time of audit auditors finds that company is selling medicines to government at very high price as compared it is selling to other.
and government is not aware about this, Now what will auditor do to safe guard himself.


manjusha ladha
02 September 2016 at 12:53

Segment reporting

Does segment reporting continues even if the company is no more applicable for segment reporting.


Navneet Kaur Chawla
02 September 2016 at 12:40

Expenses payable in b/s

If an expenses payable (eg Audit fee payable) appears in balance sheet for how many years it can remain due i.e payment is not received


Dhruvit Shah
01 September 2016 at 10:30

Audit of professional tax.

If an employee earns more than Rs 10000 as salary but for example in any given month say May he has earned only Rs 6500 as he was absent for few days.. So what amount of Professional tax should be taken into consideration for the month of May? It should be Rs 200 or Nil? (Maharashtra)... Thanks in advance :)


shubham agrawal
31 August 2016 at 22:15

digital sign

which type of digital signature is required for tax audit case


Anoop.V.P

We know that as per CA Act,CA will be liable to mis conduct if he discloses the information acquired during his audit to any person without the consent of his client or otherwise required by law.

1.My question is that what is meant by ''required by law'' ? Whether it means ''Court order''or ''government order''? Please give examples.

2.Whether government departments (like Police dept.)can obtain information from CA about his client ?

3.Whether the ''information'' includes the figures shown in the books of accounts of the client like sales figures,purchases figure,balance sheet figures...etc or whether it must be any sensitive data about the client?

Please give me answer to all above my questions.it is urgent






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