Dear Experts,

Please resolve my following query

Ex Employee of the Pvt Ltd Company, Can be eligible for appointing as a Statutory Auditor for the FY 2013-14 if he resigns the employment before 31-03-2013 and what is the position if he resigns after 01-04-2013 but before appointing as an auditor.

Sir,

In pvt ltd Company, if an auditor first give audit report for the year 31-3-2012, where he says CARO, 2003 in not applicable.. The same audit report is being forwarded to all shareholders..

Now, when company upload audit report on the ROC Portal for the same year that is 31-3-2012 and it shows annexures as required in Para 4 & 5 of CARO, 2003, then which is correct?

What is the intention behind this? Can CA be considered in Professional misconduct for this guilty?

This suggest 2 AUDIT report for the same year, where one says CARO, 2003 NOT APPLICABLE and other one have annexure, statement report as requirement by CARO's Order in Para 4 & 5.

Please reply, Is this professional misconduct by CA?

Please reply..

I NEED EASY EXPLANATION OF SA 402 AUDIT CONSIDERATIONS RELATING TO AN. ENTITY USING A SERVICE ORGANISATION

Is reverse charge mechanism applicable even if service provider doesnt reach the threshhold limit? Say security services provided by individual whose gross annual income is less than 3 lakhs. Im'i required to pay reverse st on it?

Dear experts,

please clarify the following,

1) what is the definition salary for the purpose of

i) pf applicability i.e 6500

ii)esi applicability i.e 15000

iii) pt applicability i.e 15000

is it required to consider basic salary only or gross saly

sir please urgent

Dear All

My query is two-fold -

1. Firstly, is it possible that the directors of the Company can sign the financial statements on 2 different dates. If so, under which section is this option given.

2. Secondly, is there any sort of declaration required to be filed incase of such difference in signature dates.

I purchase 570 Pc of Poly Bag from supplier @ Rs. 5.44 per piece so it goes as below.
570 Pcs x Rs 5.44 = 3101

Supplier has charged
ED @ 10% on 3101 = Rs. 310
Cess on Ed @ 25 = Rs. 6
Sec. Edu Cess on Exise Duty @ 1% = Rs. 3
VAT @ 5% = 171

Total Bill Amount is Rs. 3591

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MY QUESTION IS, Can a supplier charge both excise duty and vat at the same time?

What Idea I have is, Excise duty is charged by manufacturer only and If manufacturer does so, he should not charge VAT?

If yes, in what conditions. Please elobrate it.

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In case of provider of service,What is the "reasonable date "of release bill

Dear Sir,
I purchases goods for resale worth Rs.60000 on credit on 15.02.13

I pay
Rs.18000 in cash on 20.02.13
Rs.20000 in A/c pay cheque on 22.02.13
And Rs.22000 in a/c pay cheque on 23.02.13

Which Amount Disallow U/s 40A(3) of IT act ?

Can a sole practitioner Chartered Accountant sign Balance sheet of a Private Limited company who is having a turnover of less than Rs 1 crore and also what are the areas where sole practitioner cannot sign or certify?