sir,can you please explain with an example what is the difference between independence of mind and independence in appearance of an auditor ?
A Medical Professional receives Rs.28 Lakhs as Fees from Profession services(194J) from various hospitals for A.Y.2016-17 on which TDS @10 % - Rs.2.8 Lakhs is already deducted. My query is since the Gross Receipts (Fees from Profession Services) exceeds Rs.25 Lakhs Audit u/s.44AB is to be done. Assessee says he is not liable for Audit u/s.44AB as TDS is already deducted on the receipts and he is ready to pay balance tax as per the I.T. slab rate. whether Assessee is correct?
Is Dislosure in CARO required if we have entered transaction with the related party which is relative during the year, but not at the closing of the financial year and at the date of signing of the audit report?
For Example, Wife of director is partner in ABC firm, During the year 2015-16 purchase of Rs. 5 lacs is made from Firm, but in the february 2016, She is retired from the firm. So now the firm is not in the term of relative u/s 2(77) of the Companies Act 2013. But during the year , Firm is relative. So please guide whether we have to disclose in CARO and Audit Report or not?
Query is.... As per income tax act, a trust is required to get audited if total income of trust without exemption under sec 11 and 12 is more than the limit specified for income tax.... what is the meaning of total income.... is it total receipts?? or is it net receipts after dedicting the actual exp??
Hiii
Please provide me Maharashtra Co-operative housing society audit report in marathi format in ecxel. please its urgent.
one of my client running the proprierorship business maintaining two sets of books of account one is business purpose and second one is for personal purpose disclose the other sources of income so at the time of considering the net profit margin whether i can consider whole profit including the other sources income say my turnover is 95 lacs so how can i treat
Should TDS be deducted on branch audit fees when each branch is having a separate TAN No. and audit fees for each branch does not exceed Rs.30,000. However audit is conducted for all the branches by the same auditor. If no TDS should be deucted then please provide the reference.
What is the exact difference between Expense and Expenditure.
a doctor recieves 23 lakhs from medical company for promotion of medicines as a professional reciept. doctor also recieves 2.5 lakhs as a pension from govt. also doctor owns a clinic and approx reciept is around 15 lakhs. whether the income from clinic is professional reciept and tax audit is to be done?
Can a CA in practice accept share or commission from any person or from advocate, cs etc???
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Indepependence of mind and appearance