Sir,
Bill Issued on 5/4/2014 & Tds Deducted After A month i.e 05/05/2014, TDS has Deposited on 07/06/2014.
Is There any TDS Penalty will be Levied on Assesse??
Is it Valid to Deduct TDS After A month From Recording of Entry??

Is their any special rules and regulation to re-appoint a statutory auditor, and how to inform ROC.
Which form has to be filed.

Plz Explain

Thanks

Can an auditor exercise right of lien on the books of accounts of a company for non payment of his fees?

can anybody tell which text book for ca final - audit paper should i refer apart from surbhi bansal ?

please explain the Meaning of person whose subsidiary or associate said in disqualifications of company Auditor U/s139 of Companies Act 2013.

my doubt is there are any subsidiary or Associate for the person

Can i say that no ratification = removal of auditor before expiry

or both are different

ratification is covered under section 139 and its says no ratification= casual vacancy (As per text book)

removal is covered under 140

they dont refer each other

Dear all,

If the company had got cost audit done than pls tell whether it is require to obtain compliance report also or not?

Thanks

If CA is resident abroad and wants to practice in abroad alone or along with foreign professional, is he bound by CA Act is he suppose to take COP from ICAI ??? Because as per section 1 CA act is applicable only to INDIA and indian law cannot be enforced outside india but as per section 6 cop is required if you want to practice in or outside india and as per FAQ code of ethics is applicable outside india. confused

The Company is into Construction ( service Industry)
Example Case During FY 2013-13

Revenue billed to Contractor - 1000 Rs.

Work Certified by Contractor - 800 Rs.

Debit note raised by Contractor - 50 Rs.

Revenue as per POC - 900 Rs. (Hence revenue recognised in PL should be 900 and 100 should be shown as Billing in excess of revenue?)

Now my query is -
my Book shows debtor of 1000.
But debtor has confirmed 750 (800 revenue and less 50 debit note)
So what is the accounting treatment for the difference of 250 between the books and statement by debtors.

Totally confused. Appreciate quick response

Hi,

A pvt. Ltd company had taken loan from its Shareholder. They issued a cheque to the shareholder for repayment of loan on 31/03/2014. The cheque had not been deposited by the shareholder till 3/9/2014. It has now been cleared by fresh issue and deposit of freshly issued cheque. Does this require any qualification for 2013-14 audit report