Respected all,
We are Constrecting a multy floured bulding as a Works Contractrers. Now we are desided to take some part of the bulding as our over due amounts from the owners. In this point of view ,Can we apply AS-7, for Valuaning the Existing Closing Stock and Closing Workin-Process.
Please Clarify.
Regards,
BALU

The person engage in online Air Ticket Booking. Accepting deposit from customer for booking and book ticket for the same, for this he got around 2-3 % commission on Ticket value.My Queries are as under

1.The Gross receipts deposited in bank is more than 1 Cr because the customer deposited money for Ticket booking. is liable for Tax audit?.

2.His income is only commission

3. whatever amount deposited in bank the same amount use for ticket booking. If Any issues due to Gross receipt more than 1 cr. because bank showing the same in AIR details to income tax.

Hi, I observe a differnce in Bank balance(FDR A/c)in Balance Sheet & Bank FDR Statement in F.Y.2013-14 & refund has already received.

My question is how can I correct/rectify the mistake.

Please suggest.

how to audit export sale and import purchase ? and the major points must be considered during the audit

if one of the partner in the partnership firm is disqualified then entire audit firm is disqualified or not? (as per Companies act, 2013.)

My CA erroneously give own office address instead of my office address, my question is that in e-filing return procedure physical audit report not demanded so if I am give correct office address of mine in my e-filing, is that wrong in eye of law (difference in physical audit report office address and e-return details) or its applicable.

Hello!!
I have doubt for subject matter,

1) can non-corporate who are not liable for audit under any income tax section like 44AB/AD/AE etc.. want to go for voluntary audit for any reason like self satisfaction to give to any institute etc..

Then how to give audit report, as there is no audit under income tax so 3CB or 3CD forms are not applicable so in which form or format it is to be given??

what types of income comes under the other sources

If Net Profit is Less 8% out of Total Turnover is More Than 80 Lacs, but not exceeding of Rs.1 Crore.
Nature of Business "Printing of Books"
Kindly Guide.

Do engagement team includes articles assistants or not ?