Hi I am an auditing a propreitor ship . There is a propreitor (name) a/c under capital a/c. There are cases where money's above 20000 being deposited to his bank a/c. Will it attract 269SS and 269T of Income Tax Act as he is a propreitor and need not repay ?

Kindly clarify

pleaase, tell how to conductt audit programme
for audit of salariees.

I have a agreement with my parent company to reimburse the exp incurred by them for sharring of space(Rent). Does it amount to contract. Im i requie to deduct tds?

Dear sir

I am partner in a company in bangalore and i want remove my name in partnerships . Has partnerships deed has to registered where and how

when revenue stamps is needed on a voucher?

For the Asst year 2013-14 tax audit limit is upto 1 crore.A registered company who's turnover is less then 1 crore it is covered under which section. and what is the due date for filing of income tax returns and also elaborate what are the books want to maintain by that company.

Dear Friends

Can a Chartered Accountant accept the audit assignment at a lesser fees as comparison to fees paid to outgoing auditors???


will this amount to professional misconduct.


example :- a pvt ltd company is paying a sum of Rs 1,50,000 to the existing auditor but now company want to change their auditor at a lesser fees of 1,00,000 .


will this amount to prfessional misconduct

I would be entering 12th this June 7th onwards;

I would like to pursue CA, so would you guide me to move forward sep by step.

iS IT MENDETORY TO PREPARE BALANCE SHEET AND ROFIT& LOSS ACCOUNT OF PVT LTD AS PER REVISED SCHEDULE vi IN HUNDERED FORMET?

Please can any body tell me that, what is the way of presentation of closing inventory if it is valued at NRV (as it is less than cost)

there are two views

1) show closing stock after subtracting the value in closing stock.

2) create provision of diminish in the value of closing stock and show it as deduction in the notes of Balance sheet.