return file after 30 sept but before 30 nov along with tax audit report,
is any type of interest and penalty attract to the assessee

hiii...plsss help me..any change is applicable in audit for nov 2014 exam???

Hi sir

I have doubt regarding tax audit... My question is when preparing Tax audit whether we have to disallow int paid for late payment of tds and service tax? And what about penalty paid to vat department?
My another question VAT department has raised the demand... But we did not pay all the tax? In this case whether we have to take all tax as a expenses or only payment portion?

Thank you

With regards
Arun

dear all

tax audit of shares trading.

issue:
during the course of audit we have observed that accountant has made entry in sales and purchase a/c ( for the purchase and sale of shares ) are on the basis of confirmation statement and ledger a/c provided by various shares brokerage agencies and not on the basis of CONTRACT NOTE.

FURTHER AS ENTRY IS MADE ON BASIS OF CONFIRMATION STATEMENT AND LEDGER, THEIR MIGHT BE CHANCE THAT IN PURCHASE AND SALE ACCOUNT , AMOUNT DUE TO CLIENT AND AMOUNT DUE FOR CLIENT IS ENTER AS SALE AND PURCHASE.

FURTHER INTRADAY LOSS AND PROFIT MIGHT BE SET OF AGAINST REGULAR SALE AND PURCHASE OF SHARES.

what opinion we have to express in form 3cb of tax audit.
1 unqualified, qualified, adverse, or disclaimer.
2 whether its gave true and fair view.

thanks all.

I have cleared CA Final in Aug - 2014 Result and I have applied for the Membership already and I hope that I will get Membership with in 15 Days.

My Question is this.. Will i eligible to Sign Tax Audit Report of F.Y. 2013-2014.

tell me urgently what is tax audit limit for fy 13 14

sir, i am to audit a partnership firm , can you please tell me the areas of auditing or document which i require from client.

Dear All,

Greetings.

A public limited company did not commenced its operation and hence all the expenses related to the project as well as general office and administrative expenses are booked preoperative expenditure. Now, in F.Y. 2013-14, the company invested its surplus funds in FD from where it generated Interest Income of Rs. 3 lakhs.

My query is, can we deduct the general office and administrative expenses against the Interest Income viz. office electricity expenses, printing stationery, telephone, office staff salary, postage telegram etc etc.??

Regards,
CA Milan Agrawal

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