Audit QnA - Page No 92

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Anonymous

04 April 2016 at 21:31

Turnover for audit be net of return or gross

Hi,

If individual firm having Sales Rs.1,07,00,000 and Sales Return is of Rs. 10,00,000. and Net Profit is Rs. ,500,000. So, I Have to do audit either u/s 44AD or 44AB. But Question is that weather turnover i should take is Rs. 10700000(Gross) or Rs. 9700000(Net of sales return)???

if audit is under 44ad, then no need of to deducted Tax (TDS) for commission next year.

Plz Help

tejas

02 April 2016 at 20:24

44ab

while deducting tds.. If an assesee who has both income from business as well as profession but if he is covered under tax audit only in either of the two.. will he be able to deduct TDS to expenses pertinent to both business as well as profession.. or only in which he is cover under tax audit.... please explain

Anonymous

29 March 2016 at 13:33

Audit of currency chest branch of a bank

Hi Experts I want guidelines for audit of Bank Branch which is treated as Currency Chest.
Thanks

siddhesh

26 March 2016 at 21:25

Bank branch audit

pls tell me how to do bank branch audit and which precautions have been taken

Anonymous

24 March 2016 at 15:40

Audit section 44ab

Dear all,
pvt. Company's profit before directors remuneration is exceed 8% but after providing the same to directors, the profit is being below 8% in this case weather audit under section 44AB is to be done or not

Thanx & Regard
Devesh Garg

Anonymous

23 March 2016 at 08:40

Statutory audit

Dear sir,
Plz let me know what is statutory audit and when it would be conduct....

Regard
Vimal jain

kartik chawla

21 March 2016 at 23:07

Finalisation of accounts

Dear friends
Can u pls guide on how to do finalisation of accounts. As this is my first assignment of such a type. Your quick responses will be highly appreciated.

Thanks in advance