Dear Sir,
We have paid TDS for 2011-12 in 2013-14 due to unawareness. Amt of TDS is 53000/- paid as per our tax consultant said. Can you please tell me penalties for it. and is it required to pay Income tax on that bills of 2011-12?
The amount of labour bill is 32 lacs. And as per consultant we have to pay 10.56 lacs. and this amt is too big for us.
Please guide us

IN COMPANIES ACT 2013, A CA CAN ONLY AUDIT 20 COMPANIES. NOW WHAT WILL BE INCLUDED/NOT INCLUDED IN THIS NUMBER, IS THEIR ANY EXPLANATION IN THIS REGARD AS PER ICAI OR OTHERS, OR THE PREVIOUS GUIDELINES WILL APPLICABLE IN THIS REGARD.

Hi all, i am doing concurrent audit of one bank while observing cash credit a/c i found that in one a/c bank has charged interest @ 14% while as per sanction interest should be charged @ 13%. what should i do? They told me that they can give retrospective effect upto 6 months only.. what will be the consequences of this? how can i calculate interest manually? So that i can report it. Please reply all at the earliest as it is of current month i have to finalise my Audit Report.

hi I passed group 1 of ipcc and will be sitting for grup 2 on may 14......my query is that I am really confused from which book I should study.... 1.surbhi bansal 2.institute study mat... some people are saying if u study from the former u will get less marks as compared to study mat.....

I'M INTO MY SECOND YEAR OF ARTICLESHIP I NO MORE WANT TO CONTINUE MY CA FOR PERSONAL REASON CAN I CONTINUE MY CA IN FUTURE AFTER 4-5 YEARS? WILL MY ONE YEAR OF ARTICLESHIP BE CONSIDERED THEN?

what is the step of finalisation of P&L & B/S

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2.A company has working capital limits from different banks. Then how to verify whether the company has utilized for business activity or for capital expenditure.

what is an assertion level of risk in risk of material misstatment ??? kindly explain with examples

Iam a chartered accountant having 3 years expereince in Indirect Taxation & Accounting. I had a good exposure of Auditing during my article ship. now iam working as a Tax Research analyst in MNC and is desirous of pursuing Certified Internal Auditor (CIA) coupled with CISA. Will these two qualifications yield better positions in Auditing irrespective of the fact that my experience is in Taxation and Accounts (Excludung my Articleship)?

if CA was statutory auditor of ABC co for a.y 12-13 ... now if he is a statutory auditor of ABC co for a.y 13-14 then whether he should issue engagement letter again to co?