Guest
This Query has 1 replies

This Query has 1 replies

Dear Sir,

From this year CAs are required to upload tax audit reports with digital signature on income tax website.

My query is whether all tax audit reports are required to be uploaded or only tax audit reports of clients having turnover more than rs. 1 crore are required to be uploaded?

In other words, if client wants to get his tax audit done u/s 44AD because his profit is less than 8%, then in such cases are we required to upload such tax audit reports?



Anonymous
This Query has 4 replies

This Query has 4 replies

21 April 2013 at 21:54

Audit

audit in my company is going to be started in few days please someone tell what things should i should take utmost care of such as
1) i have taken the print of bank statement as on 31.3.13 and prepared the BRS as on 31.3.13
2)arranged all the files and vouchers.


please revert back as to what other arrangements to be made of documents which an auditor may ask for at the time of conducting his audit of my company's books.


please someone revert back as soon as possible.
It's urgent.


Pankaj Jain
This Query has 1 replies

This Query has 1 replies

21 April 2013 at 13:10

Definition of recurring audit

What is Recurring Audit and what is its purpose??


Dhavnish
This Query has 1 replies

This Query has 1 replies

20 April 2013 at 19:57

Revenue expenses

Under what head should the expenses reimbursed to professionals providing service to the company be classified. For example, if a professional incurs some expenses to travel and then he claims separate reimbursement, how is that to be classified - as travelling expense of the company or should it be classified as professional fees/remuneration to professional?



Anonymous
This Query has 1 replies

This Query has 1 replies

20 April 2013 at 16:25

Revised tax audit returns

Sir, please let me know if a revised tax audit return for the AY 12-13 can be filed now ?
Should we have to file the return with the audit report afresh as revised citing reasons for revised ? pls clarify.



Anonymous
This Query has 3 replies

This Query has 3 replies

20 April 2013 at 14:17

Recording of purchase/sales returns

Sir,
while doing audit of a firm i observered that the Firm is issuing its Sale Invoice for the material that it is rejecting against its own purchases.And by this it is increasing its sales unnecessarily. In my opinion it is not a valid treatment of Purchase / Sales return.
What are your opinions on this point ?.



Anonymous
This Query has 2 replies

This Query has 2 replies

20 April 2013 at 11:46

Income tax audit & declaration

Dear All

My client is having two business (firms) subject to IT Audit for AY 2013-14 and he has merged the same in one partnership firm. IT audit will be there for two firms up to the period of merging but what to do about balance sheets figures. like Capital? Cash & Bank, Debtors etc

Pls guide me in this case???


ANJALI NEGI
This Query has 2 replies

This Query has 2 replies

19 April 2013 at 16:54

Sa 700 frf

As per SA-700 Forming an opinion and reporting on Financial Statements (REVISED) Management may depart from requirements of financial reporting framework to achieve fair presentation of Financial statements but this is possible only in very few cases." Can anyone please give me a suitable example to clear out this stanza.


Sankar Chakraborty
This Query has 5 replies

This Query has 5 replies

19 April 2013 at 12:02

Excel formula

dear experts,

4500
5500
6000
5000
here 5001-6000 is 2 nos.

i want to do it by excel formula please guide by appropriate formula. this is required for my profession tax summary works

please help


kinjal
This Query has 5 replies

This Query has 5 replies

19 April 2013 at 11:55

Concurrent audit

could i get the guidelines in concurrent audit for banks?






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