What is the financial implication of Demo car in the books of pvt ltd co.? Is it treated as fixed asset or inventory?

Does demo cars have RC?

Bank has debited three amount in our account towards payment of sales tax for same amount however we received only one challan against three debit. Surprisingly two amount debited by bank towards SA tax but not appearing in 26AS Tax credit statement. Not able to trace where amount is lying .Now we are making follow up with bank and Sales tax.

Its matter of April 2010

Please guide

Bank has debited twice in our account towards payment of tax for same amount however we received only one challan against two debit. Surprisingly second amount debited by bank towards SA tax but not appearing in 26AS Tax credit statement. Not able to trace where amount is lying .Now we are making follow up with bank and Income tax.


Please guide

how cash profit is calculated ?

I have been appointed as Statutory Auditor of one of the Educational Trust in my city. The trust have many school and each school have many section. I want to know while doing audit which documents(like 12A Certificate) should be collected from client? Which documents must form part of my audit file? What precautions should be taken while doing audit and making audit file?

Can any individual do the business of forex trading by taking money from people and investing in Foreign exchange and in return give them interest on such money?

Or there are some restrictions?

Please reply

Hello everyone!

I was just wandering if someone could help me do a cost audit of the company engaged in construction industry! The contracts here are of making tanks and are generally EPC Contracts. IF you could help me stating the steps i need to follow to make a cost audit!

hi friends,

Is form 3CEB applicable for the share application money received from a Non resident Indian ?
(foreign share holder)....

I wanted to confirm the auditor has to file form 3CEB for the same ??

Can a person accept an audit for a lesser fee than the previous auditor? will the answer be same if the audit is internal audit?Will it gets attract any professional misconduct?

I have audited account for 2012-13 and some discrepancy in report U/s 44AB.
Now i want to revised audit report. So for how many times we can revised audit report online?
What ground of facts to be shown for revised?