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

WHICH OBLIGATION CONSIDERED WHEN WE DO TAX AUDIT OF PROFESSIONAL PERSON....
PLS SUGGEST ME ....

can audit will be extended...

My Last year gross receipt was 104 Lacs and this year (P.Y. 2012-13) gross receipt is 95 lacs only. Is it compulsory for me to get Tax Audit Done this year also?????

My CA has withdrawn from auditing our accounts suddenly without ant notice or reasons. I tried meet him but he was not available. He is refusing to talk on phone. what steps I sud take to get my audit completed abd file returns in time.

has the date if filing of 44ab extended frimb30.9.13

what is supplementary audit????

An audit firm which is working as internal auditor of the company for last three years and issuing internal audit reports to the management. Now the company wants to appoint the internal auditor as its statutory auditor in the forthcoming AGM?

Is there any violation of the ICAI code of conduct or ethics? or is there any guideline that internal auditor can not be appointed as statutory auditor for the next three years?

what are the consequences if :
1. tax audit report is earlier then balancesheet date &

2. audit report is uploaded after the balance sheet date