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

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

Is compliance of Companies law is also the duty of internal auditor??

Sir/Ma'am,

Kindly tell me what is refereed by transfer pricing? and is there are any types of it?

What are the 5 star hotel audit guidelines

WHAT IS RESPONSIBILITY OF CA

New audit report formate for the year ended 31.03.2014

Dear sir & friends,
please tell me someone what is cost audit limit to a manufarturing pvt. ltd. company.At which amt. of turnover and net worth exceed the limit which require compulsory conducting cost audit for manufacturing company and,
what is the time limit to conduct cost audit and
which audit is 1st conducted means cost audit 1st conduct than income tax or income tax 1st..

EFFECTIVE DATE OF SA 500 IS on or after January 1, 1989 THEN MY DOUBT IS WHAT WAS HAPPENED BEFORE THAT DATE

sir/madam,
please let me know wether in case of sole proprietor life insurance premium paid can be treated as investment in his books of accounts? and what be its treatment u/s 80c .