Audit QnA [Resolved] - Page No 163

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Madhuvanthi Rangarajan

This Query has 6 replies

10 June 2014 at 13:25

Sugesstion please...

please suggest me some book for internal audit and concurrent audit for banks(professional use).... also for Tax......

Anonymous

This Query has 8 replies

09 June 2014 at 13:18

Appointment of auditor

Which form is to be filed with roc for an appointment of auditor as per new company law.

Reshma Golani

This Query has 3 replies

09 June 2014 at 12:49

Long term borrowing

How to bifercate the amt of borrowing in current & non current portion as per revised schedule VI

Yogesh Aggarwal

This Query has 2 replies

09 June 2014 at 12:42

Company has to deposit the amount of penalty with interest but the company has not included the amount of interest for pending period (2006-07 to 2013-14) in the Contingent Liability.
So, whether the interest for pending period (2006-07 to 2013-14) is to be shown in Notes to Accounts.

Vivek Agarwal

This Query has 3 replies

09 June 2014 at 10:56

Applicability of 44ab

A land is held as stock in trade in the name of two individuals. In the FY 2013-2014, both the individuals entered into a memorandum of understanding among themselves and constructed some flats which earned them a revenue of Rs 1.75 crores in FY 2013-2014. The assessee believes that out of the total revenue, the share of each is Rs 87.5 lacs each and hence their accounts is not subject to tax audit u/s 44AB if they resort to Section 44AF and show their net income over and above 8% of their indivudal shares.

Also please suggest that if in the current year 2014-2015, the gross revenue is Rs 2.5 crores, then will it be subject to two separate audits u/s 44AB

Anonymous

This Query has 3 replies

09 June 2014 at 00:44

Regarding applicability of companies act 2013

sir/madam,
please could you tell me the applicability of companies act 2013 in advanced accounting and auditing for november 2014 attempt....please do reply at the earliest