Facing confusion on how to report the following a/c under Section 269SS & 269T in the Tax Audit Report :-

PART.

Opening Balance 180000 Cr.
To Cheque 460000 Dr.
By Cheque 100000 Cr.
By Interest 20000 Cr.
To TDS 2000 Dr.
Closing Balance 162000 Cr.

The problem is how to report the Loan accepted amount , Repaid Amount & Maximum Balance outstanding ???

please its a humble request to all of my senior professional friends and experts, i am in a greate trouble , i.e. i am an article assistant in haryana. my ca is new and practising since 10 months only. so as he is new there is no work to learn.so i am very free in office and i thimk i am wasting my time here.coz of i am free. i has to do very personal work in the office like serving water and many more. i joined articleship on 1st jan.2014 but i joined office on 1st july 2014. now i have not learnt something. so kindly suggest me what should i do know. please please i am waiting for your very important suggestion. All these things i did not told to anyone yet. most important thing which i want to tell you that i am taking articleship from a city which is 65kms far from my own village. so i am living here in a hostel where u am paying 5000 p.m as rent.so pls suggest me and solve my problem.....

I have a client who is having Franchise of a telecom company. He deals in Recharge coupons . He gets commission for sale of coupons which is arnd 40 lacs. Now he further more passes on 50% commission to the Retailer who gets recharge from him. Now being a commission Agent , His turnover will be 40 lacs or 20 lacs(after passing on 50% commission to Retailer) if he wishes to go for presumptive taxation and wishes to offer 8% Income in his tax return...Plz guide asap

As last year, the assesee falls under the tax audit.but during financial year13-14 the receipts were below the tax audit limit.

so kindly tell me whether is it mandatory to do tax audit once we fall under the audit.


Regards
Ritu Raj.

If design for letter head is provided by the client, only printing is done by the stationey owner. Do we need to deduct tds? The stationery owner does not charge service tax in the bill.

Dear sir/madam,

Within how many days of appointment of statutory auditor,ADT- 1 has to be filled?

Thank you

Dear sir/madam,

Our firm is appointed as statutory Auditor in the first board meeting of the company till the First AGM.Please inform me which form to be filled ?Form 23B is not available in MCA website.whether any changes as per companies act 2013?

Please share the new Statutory Audit Report for FY 2013-14

Tax audit u/s. 44AB is compulsory also for those assessee whose net profit margin is below 8%.
My query is why the assessees who are engaged in the rationing business required to get its books of accounts audited u/s. 44AB because of lower net profit margin when such lower margin is fixed by government itself.

Pls suggest the treatement of following issues in tax audit reporting/ Accounting:

(1) Fee paid for delay in filling of TDS Return U/s 234E whether allowable expense? Does require separate reporting of it in 3CD report?

(2) What will be considered as the date of payment for reporting of "ESIC" & "PF" ?
Whether it will be be:

"Date of Challan Presentation to Bank"
OR
"Actual date of its clearance from the Bank"

Pls suggest urgently.