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.

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

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

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.

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.

The XYZ company accepts deposit and pays interest on its deposits. Out of total deposits, a deposit of Rs. 50 Lakhs @ 10% which was received from a person who is a relative of a Key Managerial Person of a company. During the F.Y 2015-16, the gross interest accrued/credited on his deposit was Rs. 5,00,000 (TDS -50,000) but interest actual paid was Rs. 1,80,000/-. As per AS 18, this is a related party transaction but I require clarification on what amount will beshown in Financial statement i.e., interest - Gross or actual paid?

I am working in a manufacturing unit
we purchased old empty plastic drums from kabariwala
value of drums was 75000.00 ( 15000+19500+19000+18000+3500 ) 4 no. of times

kindly help me
in which accounts it should be debited
kindly help

thanks in advanvce

Hi I failed in audit in recent CA Final exams.. I don't understand how to score good marks in audit... I just scored 34...not understanding how to deal with dis subject...

Hello everyone..
Whether Sec 269SS or 269T is applicable in following transaction?
Mr. C gives an unsecured loan of Rs. 3,00,000/- in FY 2014-15 to M/s AB a partnership firm. Now from FY 2015-16 Mr. C admitted as 3rd partner in M/s AB firm.
So what is treatment in Tax Audit Report Clause 31(a) or (b) for FY 2015-16 or AY 2016-17.

I want to know whether there is any difference between the Internal financial controls(IFC) and Internal control over Financial reporting(ICOFR) in simple language and the applicability of both.