Please let me know which form I have to use for audit of report under section 44AD

If AOA of the unlisted public company does not specify the requirement to hold any shares of the company as Qualification of shares than also Section 270 applies???
Means then also Directors are required to hold minimum n.o of shares as qualification of shares??
If yes, then specify the minimum n.o. of shares to be hold for qualification??

PLS GUIDE US ON THE FOLLOWING MATTERS.

WE ARE A PARTNERSHIP FIRM INCORPORATED LAST YEAR AND HAS ACCEPTED AUDIT OF DE-LISTED COMPANY IN THE MONTH OF JUNE 2011.

IN THE MONTH OF DECEMBER 2011 COMPANY RE LISTED ON BSE STOCK EXCHANGE.

ARE WE LIABLE TO GO FOR PEER REVIEW ?

Sir, assessee is carrying on two different business.. turnover from one business is 50 lacs and from other business is 80 lacs..

Que. Whether assessee's both business is required to get audit? what if assessee want to show 8% incone u/s 44AD for second business(T/O 50 lacs)

What is the limit of articles that can be trained by a newly qualified Chartered Accountant.

What exchange rate and date of purchase is to be considered for recognizing purchases?

Kindly reply as soon as possible.

Thanx in advance

Sirs and Friends,

Bills in our company are booked very late for eg if the bill is of April the same might b booked during September/October, now this basically happens bcoz the bills are checked by the merchandisers and then passed on to accounts, many a times there are heavy debit notes passed by us so unless and until it is checked we do not pass any entries in books, is this method feasible or we should opt some other method of accounting. If we book bills as and when we receive on provisional or some other basis then it will affect the profit and simultaneously the calculation of Advance Tax will get affected. bcoz the bills take a long period to get cleared by the merchandisers. What are the positive and negative aspects of booking the bills before they are checked. Please let me know

what is the procedure for the internal audits of the hotels?
plz mention the main areas which i should have pay proper attention while auditing of hotels?

Hello All,

I am member or ICAI since Apr07, I have been granated permission to hold part time COP vide its letter and granted permission to do pratice of profession of accountany.

With repspect to that letter & ICAI rules & regulations, please clarify me rights & duties about COP.

Please guide me for this matter on urgent basis.

Banks need to provide for bad and doubtful debts on all advances - be it standard, sub-standard, doubtful or loss. Then when do banks book BAD DEBTS? When is the auditor suppose to certify BAD DEBTS in case of Banks and/or co-operative societies?