How can I get prior approval of central government for removing subsequent auditor before AGM in the PVT LTD company?
Dear Sir,
My book closing is on 31st march but i hav prepare accounts for the december quarter. Their is an asset purchased in the quarter qualifying for 100% Depreciation so depreciation that would be charged 2 P&L would be proportionate for the December and March Quarter or I hav 2 charge 100% for December Quarter.
i have filled the Income Tax Return and ROC Return in form-52. Now i want to know that how to report the RBI? What is the procedure? please advise step by step. thanks in advance
Answer now
A Director has misplaced his DIN number and what should he do now for him to submit for roc filling.
Answer nowA compot lottery shop whose turunover is of 30,000/day but his margin is of flat 3% of on sales. Description of one transaction:
If and if cleint comes then shop owner purchases the lottery and sells instantly and the profit or loss for the purchaser is declared in one hr. Futher, he does not keep any stock for the day of lotteries. Its pure purchase and sale transaction and margin for the shop owner is margin only.
Will in the above case Tax Audit will be applicable? as the T/O for the year wil for sure exceed 40lacs? or should i consider only margin as his turn over and thus no tax sudit?
In tax audit which important ledger should be check and in what manner and how?
and what is process of scrutiny the ledger like debtor, crediotr, stock, cash credit, loan and advances, unsecured loans
please tell me.
Private limited company has not provided for Bonus for the year end 31/03/2009(no provision for bonus) in its books of accounts siting not enough money or profit. what are the implications? whether any note to be provided in the Notes to accounts? To be qulified in Audit report? pls advice.
Answer nowHello members, i have a query regarding calculation of DP in case of Cash Credit Facility. If a party has availed a limit against Stock and Book Debts whether unpaid stock i.e. creditors will be deducted from Stock or Book Debts as margin in case of Book debts is higher. Whether it will make any difference if Sanctioned Limit is bifurcated against Stock and Book Debts in one account or for that matter if two C/C accounts are opened. Please someone clarify on this matter and whether we have to look at sanction note if a banker contends that unpaid stock is to be deducted from debtors only.
Answer nowIs it possible to carry on both tax and statutory audit for an organisation?
2.Whats is the major issues to be considered to carry on a.Tax audit
b.Statuory audit?
C.Sample of audit report?
I would like to know what will be the tax audit limit for doctors who are selling medicines as well. Especially Homeo / Ayurvedic Doctors where sometimes over 50% of receipts can be from sale of medicines. The medicines may have been manufactured by themselves or made on jobwork or may be purchased.
Will the limit be Rs.10 L on gross receipts including sale of medicines or should it be considered seperately as has been given in GN for Tax Audit issued by ICAI.
Also, let me know if there are any circulars/notifications/case laws on the above matter
Thanks & Regards,
Rahul
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
approval of central governmrnt