in financial statements of NTC we have charged depreciation at wdv basis on grant and non grant assets but we are represented both depreciation on income and expenditure a/c at both the sides like income side and expenditure side,why we have done like this please suggest I need very clearly and answer me as early as possible thanks in advance

Dear Experts, please guide me to tackle a situation.. a company has been incorporated in March2014 . but it has not filed any form regarding annual filing any time.. not even about appointment of Auditor.. . now what should i do..?? . hw can i resolve the issue.. . in december 2015 company has change its name..

Can I Have the Nice and Best Due Diligence Format which covers all the aspects required.

is there a NRI who has his own nre account in any bank (p&sb bank) deposit dollar in his relatives nre account in the same bank even in same branch in which his own nre account.

Dear Member

please explain whether any other CA in Practice can sign balance sheet of public / private company in which other firm are appointed as Statutory Audit.

Can such member sign as under:-

ABC & CO.

Chartered Accountant



(MR. A)

(A.C.A)

(Authorise Signatory)

Speculation and intra day loss on shares, futures and options Rs. 15,00,000/-
Speculation and Intra Day Gain on shares, Futures and options Rs. 10,00,000/-
Total Turnover Rs. 25,00,000/-
Net Loss Rs. 5,00,000/-
Whether audit is required u/s 44AD as profit is below 8% of the turnover?

what would be the legal proceedings against a public limited company which is failed to conduct any type of audit for more than 10 years?

We are a newly registered Political Party with registered office in Allahabad. We need to send our annual accounts to the Election Commission of India, audited by an Auditor on the Panel of CAG. Now this is new for us thus we don't know the procedure to do so. Kindly guide us.

Stating F. Y. 2016-17 a partnership firm can not claim remuneration and interest paid to partners if filing return u/s 44AD. So if a partnership firm has total sale of 20 lacs and after claiming remuneration and interest paid to partner net profit is 20000/- then do i need compulsory audit as according to new conditions my net profit is less than 8%

What is the difference between Safe custody and Bank locker???