Can you advise me what is the procedure for Audit of a Public Trust under the BPT Act 1950 and Rules there under.

I have been told that it is very different from Audit under the Companies Act.

I look forward to hearing .from the Experts.

if indian company receives amount in INR from the foreign entity towards service provded by Indian co. then indian co.'s bank will issue foreign inward remittance certificate...? p.s. 1. invoice is raised by Indian co. in INR 2. foreign co. converts the foreign currency (say usd) into INR from their bank..hence Indian company receives directly INR in it's bank.

Dear Experts,

It is required to take Balance Confirmation from bank from client at the time of audit. If client not have the Balance confirmation from bank than Bank Statement is sufficient for evidence.

Thanks

One of the assessee having a proprietorship business with a turnover of 50,00,000 & he is having a Income of Remuneration & Interest on Capital from one of his partnership business of 60,00,000 whether he is liable for Tax Audit?

Hi all..

Can present auditor's remuneration be lower than the previous year in case well performing company..???

Sir,
Our company's Auditors has made title of Audit report in name of "Statutory Audit Report" instead of independent audit report. this has been pointed by Senior auditors.
Can we do the title as Statutory Audit report.

hii sir
am new articled student i dnt know how to check the receipts .
can u explain about that

regards
sudharshan

Dear Sir,

I have been selected for IT scrutiny under CASS and received notice 143(2).

I am out of town and want to send another person to AO with all my docs.

Will I have to give authorization letter to the person in stamp paper. or is only giving the authorization letter in plain paper is sufficient.

Do I need a wakalatnama for this, so that the other person who will visit can present my case to OA in my absence.

Please let me know.

Thanks

Is it major query of different dates in insurance, invoice passing and loan? Actually car was booked in Dec, insurance in Jan, actually purchased (invoice) in Feb loan in Mar. Bank said that query is arise in audit so u repay loan immediately. Please give me suggestion what can I do? Thanks in advance.

if a client lost his agreement (car rented to his own company) and receiving amount from own company as rent . it is possible to get new agreement in back dated for audit purpose?