Anonymous
This Query has 1 replies

This Query has 1 replies

I am Chartered Accountant will Full Time COP.
I am working as a partner with a partnership firm.Whether can I sign Audit Reports in my Individual Name without mentioning details of Partnership Firm.


abhijeet m. deshpande
This Query has 1 replies

This Query has 1 replies

18 August 2013 at 11:11

Efiling of p&l & b/s in pdf format

Following are my two questions regarding efiling u/s 44 ab -
1] Is a signed copy (by the assessee and the auditor)of the P&L a/c & B/s in PDF format is to be uploaded or it need not be signed?

2] Are all the annexures and schedules to the P&L a/c and B/s also to be uploaded ?

Thank you


priyankasanghi
This Query has 3 replies

This Query has 3 replies

18 August 2013 at 08:09

Risk consulting

what is risk consulting?

thanks in advance



Anonymous
This Query has 2 replies

This Query has 2 replies

16 August 2013 at 22:31

Audit of trust

whether it is compulsory for the trust to make audit. if not then what are the limit for audit compulsory .pls give me answer


Ankit Bubna
This Query has 1 replies

This Query has 1 replies

16 August 2013 at 17:47

Interest free loan to a pvt ltd co.

My client has given a interest free loan from its proprietor-ship & from its partner-ship firm to a Pvt Ltd Co. which is also owned by her.
There is a closing balance of Rs. 6 lacs and Rs. 16 lacs in proprietor-ship & partner-ship firm respectively.
My query:
1) Whether notional interest needs to be charged for the proprietor-ship & partner-ship firms under IT Act?
2) Whether a pvt ltd co. is allowed to take interest free loans under companies act 2012?


Rajendra Mehta
This Query has 1 replies

This Query has 1 replies

16 August 2013 at 16:00

Tax audit of a public ltd company

I have been doing tax audit of a public limited company for past 3 years from AY 2010-11 to AY 2012-13.
For current year of AY 2013-14 I have been co-ordinating with the Head of Finance dept.for past 3 months. He didn't give me appointment letter neither he told me that he is cancelling our tax audit this year.
I have made certain preparations for the audit of the same for this year.
Now suddenly the management is saying that we shall cancel your audit relating to Fees issues.As they are getting other auditors in less charges.
Please tell me that whether I should allow them to cancel the audit. Is there any rules for under-cutting as per C.A. institute.
If i do not permit new auditor to conduct the audit under such circumstances (Under - cutting of Fees & Late information)than please tell me that whether i i am doing something wrong.
Further please tell me what are my rights in such a case. What should i do in such a case.
Please quote the rules of C.A. Institute in this regards.
Please reply
Thanks in advance


divya barola
This Query has 1 replies

This Query has 1 replies

16 August 2013 at 15:13

Sampling

There is a Proprietory firm with turnover of around 45 Crores.
Vat audit and Tax audit both are applicable.
Every month there are on an average 300 transactions with around 35 different parties.
It is not practical to check each and every invoice for the purpose of statutory audit.
So what basis can I select and how many invoices should I check to complete the Sales vouching in a limited time?
Can anyone please suggest an apt Sampling method?


ajay
This Query has 1 replies

This Query has 1 replies

16 August 2013 at 12:25

Assets disclousure

namaskar sir,

in disclousure of personal assets do we have to disclose the cost of the asset or its market value..for ex. my house was made in the year 1976 may be at the cost of 100000 but now its market value is more than 1 crores,, now which figure to disclose


thanks in advance



Anonymous
This Query has 1 replies

This Query has 1 replies

16 August 2013 at 11:39

Reiumbersement of expense

dear sir,
if any comapny paid on our behalf any sum to gta and after that we paid that amount to that company. so please tell me wheather tds or reverse service charge applicable on us.


vivek
This Query has 1 replies

This Query has 1 replies

16 August 2013 at 11:11

Caro

Contract with a value exceeding Rs.5 lacs. In CARO report, we are mentioning that the contract made at prices which are reasonable having regard to the prevailing market prices at the relevant time.

What is that prevailing market prices at the relevant time means?






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