During the course of audit of one company, (which is default in 3 years both with ROC and Income Tax) I have found that the company has not taken service tax registration. The main source of income of the company is from Tour operations and turn over more than 30 lakhs. My question is, whether provision for service tax for the defaulted period is to be given? And in Audit report it is to be qualified or not?

In case of partnership Firm being building Contractor covered under tax audit how to diclose the N.P./Turnover ratio.whether N.P.to be taken before Partner's Remuneration & Partner's Interest or after providing the same.
Please confirm.

Hi,,,,

Can any body please guide me regarding various compliances that we need to comply with, while in reporting for any NBFC company

Hi,
I am gonna give my pcc attempt in nov. 10.

First of all I want to know that what is the importance of writing section no's and related AAS no. and name in audit and law both seperately..

See i dont remember sec no. and also aas but i know them thouroghly and while writing the answers i'll thouroughly explain my judgement in case studies and all the reasons clearly but i'll not write aas and section no. concerned... i'll just write the name of the act and for aas ill write as per the AAS issued by ICAI...

so how much marks will be deducted for nopt writing these if all other things r upto point...


and secondly how much chance i have in achieving rank if i have only half of law completed and 75% of a/cs completed and 25% of audit completed and nothing else done????

pls reply

the period of loan is short timemy question is can pvt ltd company sancation unsecuried loan to share holder or person the busness of company is not financing fild.

HI
RESPECTED MEMBERS

CAN ANY ONE GIVE ME PROCEDURE OF IMPORT PURCHASES.

I AM VERY CONFUSED WHAT TO DO FOR EXPORT SALES.

THANKS
IN ADVANCE

A professional firm is liable to tax u/s 44AB if the gross receipts excedd 10lakh RS. M/S ABC is a partnership firm following cash accounting system. The total turnover is 9550000/-. It considers credit on receipt basis i.e it takes the credit of TDS only of those amount which it has received during the year irrespective of the year of income.Whether the accounting system and method followed by the firm is correct????? And whether it has to offer any TDS deducted by the clients in the current year in the sales A/C??? Whether TDS deducted by client of the party should be considered on receipt basis???? Please provide supporting

Hello expert,
1) What is the diff. b/w tax audit & statutory audit?
2)to whom is tax audit applicable?
3)for a Pvt. ltd. company are both tax & stat. audit applicable?

thanks.
kirti

I need to know as per CARO what is required to be mentioned in following clause

Whether the Company has defaulted in repayment of dues to a FI or Bank or Debentureholder.If yes the period and amount of default to be reported.

whether only default needs to be mentioned or even delay is also required to be mentioned.To the best of my knowledge and as per the language of CARO only default i.e.account has become NPA or delay beyond 90 days as per bank norm needs to be mentioned.Do you have any guidence note as issued by Institute

dear members
Kindly let me know the best chapters among 8 chapters in India that offers best coaching in India.
also suggest me the course contents and way to score more marks in the 6 subjects

Plz do rply.