ceiling limits of audits of ca

dear sir

Mr.X have doing business of traveling and following information is furnished in AS 2012-13.
Turn over 51 lacs
net profit Rs.76000
is he liable to audit and maintain books
according to sec 44AD if net income is not exceed to slab than it does not rerquired to audit is it true?
thanks

Please,can Anyone tell me depreciation rate on software as per company act 1956 for F.Y 12-13.

Thanking You.

Dear Experts,

A CA firm having two partner, One is full time COP Holder and other is Part time COP holder. what is the ceiling limit of Tax Audit u/s 44AB.

Whether it is 45 or 90..?

And also suggest me whether all audit report of firm can be sign by one partner only?

Hi All I hv a mnufacturing biz. What mis reports shud i generate n hw frequently so as to hv keep a propr track of accts n finance activities.

what paragraph should be inserted in case of pvt. ltd. co. where no CARO applicable in new Audit Report...
whether it just like old format.. or there are change in the said paragarph as per new audit report..

We have one hospital whoes gross receipt exceeds 1 crore and trust has 12 a registration then it is liable to tax audit under section 44 AB ????? and how to file its income tax return ???????

Pls, Reply soon.....

sir,
please tell me about extention of date if audit.
please reply fully ..

A private Limited company below Tax audit Limit
my query is a Chartered Accountant uploading 3CA, 3CD report for due date 30/09/2013 or not. and simple Statutory audit report of company uploading IT side a CA or not.

A Company follows Accrual basis of accounting for recording income from both domestic and foreign clients for selling goods (furniture, etc).

However, in recent times there has been uncertainty regarding payment from parties in Afghanistan, Nigeria etc. The company had to make provision for bad debts/write off the bad debts frequently as per the audit observations on the ground of uncertainty of realisation.

However, constant follow up for realisation of the payment continued and in some cases, the company realised the payment after an abnormally long period.

Recognition of income due to receipt of these payments used to create confusion as to whether these should be treated as current year’s income or prior period income.

Hence, the company now accounts for this foreign income on cash basis and also has started writing off amount from such foreign parties if not receivable at all. Can the company do the same??

Kindly clear the doubts.

Regards