KAPIL
16 August 2016 at 00:05

Educational institution

Sir/Madam One of my relative has opened a school for profit motive and has made a pan card of a trust for the purpose of getting the registeration from state government. the gross receipts exceeds 2. 5lakhs... is the school liable for audit and what all compliances has to be done.... pls guide me with your valuable suggestions thanks in advance


shalu

Dear Sir/ Mam

In a company an auditor has resigned in AGM having 3 years remaining audit tenure. Weather it will result in a casual vacancy.

Moreover, weather the appointment of new auditor will be for 1 year or 5years. And weather the appointment of new auditor will be made by board and later approved by members or the Board will only make recommendation and appointment will be made by members in AGM.

Please give your advice in this regard.

Thanks & Regrds
Shalu Goyal


Singh Sahab
08 August 2016 at 15:30

Applicable of caro

For a software Private company which does not require reporting under caro. Should we really mention that in the independent auditors report that caro is not applicable and leave it there or should we still go ahead and provide the an annexure on caro


sai kumar
06 August 2016 at 15:53

hotel

sir my brother want to start a hotel .we have already applied for food licence and we want projections for bank loan... could you please provide me...i am a CA final student just provide me resources i can adjust my self..thnq


Boopathiraja
06 August 2016 at 11:43

Whether tds applicable for transaction

Sir, i have doubt about tds for Business Promotion exp
1.Calendar printing in the name of a company X Ltd
whether co X Ltd charge TDS on payment for above transaction.

2.Printing & Stationery - Bill Books,Tags etc., in the name of X Ltd is it applicable for TDS.


Jogeshwar Rao

What is the difference between Contingent Liability(AS-29) reported as a note to financials and Disputed dues payable as per clause vii of CARO??

Service tax refund receiveble pending on account of Appeal Made - Is it a contingent liability. Want to know the reason if yes.


kartikgowadia

Can anybody help me regarding documents to be collected at the time of acceptance of statutory audit engagement.


RAVI P T

Case is--
There is a big Manufacturing unit related to Steel fabrication structure. In This unit much Contractors, workers paid by Voucher salary, Worker Overtime,Staff Overtime, Various type of advances like tour & travel, medical emer.,etc is take place. so my Query to respected expert is

1) What compliances should have to follow By HR Department. for
a) Labour law
b) Industry Laws
c) ESIC laws(in case of Contractor also)
d) Salary commision Notifications(Guj. Govt.)
e) Professional Tax(in case of Corporate body Specifics)
f) All compliance related to Contractor(Including C&F agent)

2) Whether there is any Specific provision available for signing in Invoice i.e. Authorised person to sign in Sales invoice In Case of;
a) Excisable invoice
b) Tax invoice(Guj.VAT)
c) RG23 D,RG1(DSA)

I am humbly appeal to respected expert to answer my questions ASAP.

Thank you








rajesh
28 July 2016 at 14:10

44 ab

Last year my business exceed 1 cr so it was come under 44AB. But current it doesn't exceed 1 cr . What should i do current year.


SAI BABU

Dear Respected Team,
TDS We are required to deduct on Credit or payment Whichever is Earlier.Where Credit Means What ? Whether Accrued Or Due ?? Suppose Our Client Taken BC Loan On 15-Mar-16 Amount of $1000 @ 9% Interest, Actually Due On 15-jun-16 Along With Interest. For Closing Books as on 31-mar-16 We created provision for 17 Days Interest On that Time We are Required to deduct TDS ??
Please Tell me relevent answer with supporting of relevent sections of Act.






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