For segment identification; can we consider quarterly results of divisions?
In last quarter, profit of one division has exceeded 10% threshold limit but upto last previous year results of that division had not exceeded 10% threshold limit,thus not reported as segment. But during last quarter July'14 to Sep'14 result of that particular division has exceeded 10% of total result of the company.
Should we wait to identify segment upto March'2015 or we can report segment wise on the basis of quarter results only?

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?

please clarify that last year the method of valuation of stock is adopted average cost price method as there is no tax audit provision has been attracted but in current year there is tax audit is applicable and now we have to change method of valuation to FIFO or we can adopt the average cost price

shall we adopt the FIFO method or average cost price method.

Pls tell me how to upload Form 3cb-3cd at CA site??

After login on e-filling portal from a CA User login Id, I am trying to upload the form from the link " Forms other than ITR" but couldn't find the same option of form 3CB & 3cd.

please resolve my query as soon as soon possible. how should i upload it ???

What is needs/requirements of trust (social activities)audit? which types of ledger & registers should be check for trust audit?
Please advice/guide me.
Thanks in advance for your valuable guidance & suggestions.

Please provide checklist for internal audit of jobwork of a vehicles manufacturing company. also provide format if any.

hello,
my client has a partnership firm and its business has in service sector and the firm receive only commission income.
this year his gross receipts is 6000000 and it shows net profit is 1260000(21%).
now plz tell me in what clause audit is condected of sec. 44AB

1. Clause 44AB(a)- Total sales/turnover/gross receipts in business exceeding Rs. 1 crore

2. Clause 44AB(b)- Gross receipts in profession exceeding Rs.25 lakhs

3. Clause 44AB(d )- Profits and gains lower than deemed profit u/s 44AD
its urgent

hi A COMPANY STARTED ON ELEVENTH DECEMBER TWO
THOUSAND TWELVE> APPOINTMENT OF AUDITOR HAS NOT BEEN FILED IN ROC FOR THE FINANCIAL YEAR THIRTEEN FOURTEEN> WHETHER IT HAS TO BE FILED NOW> OR WE CAN DIRECTLY FILE FOR FOURTEEN FIFTEEN> HOW TO FILL THE SRN NO IN FORM TWENTY THREE AC TO FILE NOW>

Experts, Is it mandatory to attach Form MBP 1 in MGT 14?

I HAVE FOLLOWING QUERY:-

CAN I FILE FORM 3CB-CD ALONG WITH AUDITED UNSIGNED COPY OF BALANCE SHEET AND PROFIT & LOSS A/C BY SIMPLY CONVERTING IT INTO PDF AND UPLOAD IT ON THE SITE.
HOWEVER I HAVE SIGNED COPY FOR THE RECORD
OR
IT IS COMPULSORY TO SCAN THE SIGNED COPY OF BALANCE SHEET AND PROFIT & LOSS A/C AND THEN UPLOAD IT.