Audit QnA [Resolved]

All Resolved Open

CA study

This Query has 6 replies

29 January 2025 at 03:18

Tax auditor related party

Hello
As a tax auditor can I do audit of a firm in which my dadaji's bhabhi is proprietor and also a firm in which my dadaji's brother's grandson is proprietor
Please answer of both queries

Nidhi

This Query has 1 replies

07 January 2025 at 10:55

Reversal of last year Provision

Wanted to reverse last year provision. Should I credit this year expenses GL or income should be booked

Sanjay Ratnani

This Query has 5 replies

08 November 2024 at 13:18

Applicability

audit u/s 44AB required for Nursing HOME

Chandan Kumar Mittal

This Query has 1 replies

02 November 2024 at 18:16

How to rectify Incorrect Balance sheet uploaded in TAR

What to do if TAX Audit done with incorrect balance sheet uploaded & also accepted by assessee.
Whether TAR need to be revised?

Santosh Katre

This Query has 1 replies

07 October 2024 at 17:54

Going Concern in first year of operations

My client has started a company. The company has first year of operations.
Net worth is eroded due to depreciation and Interest on term loan.

how to deal with such case in Audit report?
Thanks

BISWAJIT MAIKAP

This Query has 5 replies

12 September 2024 at 20:22

If Any Taxpayer Is Taking A Gold Loan,Then Is It To Need To Show The Gold Value As Asset?

SIR/ MADAM , IS ANY TAXPAYER IS TAKING A GOLD LOAN , THEN IS IT TO NEED TO SHOW THE GOLD VALUE AS ASSET IN BALANCE SHEET?

naga sundara CA

This Query has 1 replies

03 September 2024 at 16:00

MACHINERY PURCHASE -COMPANY

Dear Sir /Madam

We are importing machinery to our company, my question is fixed assets on bank loan any advantages, pls let me know.

UMESH KUMAR

This Query has 2 replies

31 August 2024 at 19:58

LAST DATE OF SUBMITING BALANCE SHEET FOR F.Y. 2023-2024

RESPECTED SIR

I WANT TO KNOW ABOUT LAST DATE OF AUDIT REPORT (BALANCE SHEET) SUBMITING FOR F.Y. 2023-2024

Neha

This Query has 1 replies

30 August 2024 at 17:04

WILL TAX AUDIT APPLY FOR FY 2023-24?

Limited Liability Partnership
which has a turnover from Professional Services only
Turnover is 27 lakhs in FY 2023-24
it shows Income less than 50% of Turnover

Is this LLP Liable to Tax Audit. Please Guide