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

Anyone please help me.i was uploaded a ROC annual forms as on 17/11/2014 and made a pay later option then i get a challan,in that challan the due date of payment will be 24/11/2014.Later i will not paid that amount because busy with tax audits.Experts please help me.

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

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

I join my articleship before some days and my principal send me for audit in a pvt. company and now he say to me to do audit self So please can anyone tell me how to start audit and what to do and how to do Right now i am totally confused... Please help me

In tax Audit i Already add CA, but Now it is shown as Inactive. Sir , How can convert CA Status From Inactive to Active.

one of my client is a builder, the following is the case study: -
Project duration - 3 years
Total Flats:- 9
Total Shops:- 4

1st year No agreement done so clolsing WIP is same as actual cost incurred

2nd year:- 4 flat agreements are done, but no revenue recognising in that year. whatever cost incurred till date + profit margin = closing W.I.P. for the project which Exceeds Rs. 1 crore.
so my 1st question is whether Tax audit is applicable or not?
total agreement value is Rs. 92 lacs
so my 2nd question is whether vat audit is applicable or not?

is service tax applicable on materials ?

I have a slight problem working out the bep for a service rental company.

company buys a product for 499(incl shipp and tax).
sells product for 649 (this includes installation and 1st month subscription)
foe the next 11 months the client will enter into a 1 to 5 yr agreement as a rental @ 399/month.

399 per month is pure profit.

how would i work out the bep for this example??