suppose xyz co's turnover is 50crore and it is audited u/s 44ab in A.Y 2012-13 Now in A.Y 13-14 if turnover is only 20crore but previous year sale return in A.Y 13-14 about 30crore then there will be negtavi sales in that situation audit required or not ??????

that type of scenario possible or happen in past or noT????????

SIR,

IS THERE ANY SPECIFIC CASE WHERE AUDIT UNDER 44AB IS APPLICABLE JUST BECAUSE OF INTEREST AND REMUNERATION INCOME RECEIVED FROM A PARTNERSHIP FIRM? IF THERE ARE ANY SUCH CASE THEN PLZ SHARE...

THANK YOU IN ADVANCE...

Dear Sir,
Please Tell me How to Audit purchase Import??
Please Sir Its Urgent

Sir,
What is Tax audit limit applicable for May CA Final Exam 2014? Because it has increased from 45 to 60.

If convenient,tell me what are other amendments need to be considered for the Exam of Audit-CA Final -May 2014.

Thank You in Advance.

Is it compulsory to get my accounts audit if my turnover is below one crore and i have declared my total income below 8% of total turnover and also below taxable limit for A.Y. 2013-14. More clearly, my total turnover is 75 lacs and have declared my net profit of rs. 1,90,000. My total income is shown Rs. 1,99,000 which is below the maximum amount which was not chargeable for tax for AY 2013-14. Is audit u/s 44AB compulsory in this case?

Dear Experts,
I have come over a situation where closing stock of a company is valued at cost which should actually be valued at NRV(being lower than cost).
My question to experts is that as an auditor what should be my professional obligation in this regard?
should qualification in report be done and if so under which provision the same is required?

Thanks in advance.

Ca final best Audit Book....???

A person having C.A. and C.S. Degree,can he simultaneously do practice in C.A. and C.S.??

In an organisation rent paid is RS 18150/- per month, annually amounting to Rs 217800/-. As per the agreement rent is payable in advance every month i.e, on or before 10th every month. As per agreement cheque has to be drawn in favor of 2 parties at @ Rs 9075 each.
DOESNT THE COMPANY HAVE TO DEDUCT AND PAY TDS ON RENT U/S 194I EVERY MONTH?

as far as i am aware software companies enter into time based contracts wherein bill is charged for time spent into pre fixed charge for a time unit....but in that case how do i audit the no of hours spent? how do i determine genuineness of hours billed....since to increase the revenue every company will try to bill for more hours....urgent reply is highly appreciated thanks in advance....