Audit QnA [Resolved] - Page No 202

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NITU GUPTA

This Query has 3 replies

19 October 2013 at 22:36

Provision for gratuity

Pvt.Ltd. company incorporated in 2011 have only one employee .Is there any necessity for making provision for gratuity as per AS-15. As well as can non provisioning lead to qualification in audit report???

Avinash Kumar

This Query has 4 replies

19 October 2013 at 20:57

Concurrent audit

what are check list of conduct a concurrent audit.

Anonymous

This Query has 1 replies

18 October 2013 at 23:47

Tax audit u/s 44ab of fy 2011-12

Sir,

Can I accept tax audit u/s 44ab of FY 2011-12 and if yes how do I report the belated return and tax audit in 3cb & 3cd. And the client has not done vat audit and has unpaid vat dues.

kindly guide me.

thanks

MOHIT JAIN

This Query has 5 replies

18 October 2013 at 18:39

Is tax audit compulsory if company is incurring loss

A private limited company has a gross receipts of Rs. 19,254.00 and it has incurred loss of Rs. 1282.
Is the company liable to get its accounts audited u/s 44AB of the Income Tax Act, 1961 for the AY 2013-14.

chahat kathpal

This Query has 1 replies

18 October 2013 at 15:11

Query

what is the definition of relative in auditing..??

Anonymous

This Query has 8 replies

18 October 2013 at 13:10

Turnover limit

What is the turnover limit to get audited for an IT company?

Is it 1 Crore?
I'm just confused as IT companies are professionals, and the limit for professionals is 25 Lac.
So, which limit will be applicable on an IT company 25 Lac or 1 Crore?