Hello,

A fire occured in my client's premises resulting into destrcution of all the books of accounts alongwith evidences. So, should we give disclaimer of opinion report or a report which we can frame from our working papers.

Also, our audit fees is pending since last 3 years so whether we can deny to sign the audit report or we need to sign the report.

Please advise at the priority.

As per companies act 2013, the qualification of an auditor is that he should CA as per CA act. Also he is disqualified if he is in employment elsewhere. But it is nowhere written that he should be practising CA. So whether a CA not holding COP can be auditor of company if he is not in employment elsewhere?

Dear sir/ madam
I am bit confused regarding the limit for applicability of section 44AB on Real Estate Consultancy Firm (property dealer).

1) WHETHER CO-OPERATIVE CREDIT SOCIETY IS COVERED UNDER SCOPE OF REPORTING OF ACCEPTANCE OR REPAYMENT OF LOANS OR DEPOSITS FOR GREATER THAN Rs. 20,000/-????

2) AS WORDS OF SECTION 269SS AND 269T SAYS THAT IF THE LOANS AND DEPOSITS ARE EXCEEDING Rs. 20,000 OR OUTSTANDING BALANCE IS EXCEEDING Rs. 20,000 THAN IT SHOULD BE REPORTED... DOES IT MEANS THAT IF LOANS OR DEPOSITS ARE TAKEN OR REPAID ABOVE Rs. 20,000/- AND BY MEANS OF ACCOUNT PAYEE CHEQUE THAN IT IS NOT REPORTED UNDER 269SS AND 269T??

Should a governing body member of a society (reg.under societies reg. act-1860)appoint him/ her self as Director/ employee to draw salary from school running under that society? In other hand would a society member liable to draw a salary for his/ her services from same society school?

Respected Sir's

I have filed Q4 TDS QTRLY RETURNS FOR 24Q. AFTER THAT email recd from traces that " Regular Statement filed is processed with defaults and / or PAN errors u/s 200A ". How it will be rectified, can we file revised returns , what is the time limit..please advice me,how it will be closed without errors ( PAN NO'S ARE CORRECT,FROM LAST 4-5 YRS WE ARE FILING ) THANKS IN ADVANCE RAMA

If business Turnover is around 87 lakhs and other incomes from (rent or Interest) is 17 lakhs, so my question is that is Audit applicable on it or not in ITR-4.

I'm studying Ca-Ipcc.I'm writing for nov-15 attempt.Can anyone sugest me to refer which author book for auditing?

Thanx in advance
we are paying commission on sales to the agent and receiving payment from customers through him so he is paying us after deducting his portion of commision and shipping charges as well and issue us invoice with the amount of shipping charges & commision on sales.


can u plz explain the treatment of TDS here
PLEASE REPLY !

"BC & Co." is an Audit Firm, having partners Mr.B, Mr.C & Mr.A who is a relative of Mr. C
Mr.A is holding securities of the company "MWF Ltd." having face value of Rs. 96000. Whether BC & Co. is authorised from being appointed as auditors.?

In this ques. Mr.A is a partner and relative. So, as per the limit of Rs. 1,00,000 for relative, Mr.C is not ineligible making the firm eligible, but taking Mr.A as partner the firm becomes ineligible.