We have a registered co-operative housing society under Maharashtra State for having 14 flats in our building / society. We are collecting Rs.450/- p.m. from all our members as monthly maintenance charges, and in addition to this, once in a year we also collecting Rs.2,000/- p.m. as special extra charges for any other type of repairs or modification in our utility services. My query is - a) whether audit report is requires to get prepare from certified auditor and requires the same to submit to state govt. society office ? As our society got firmed in last year, and we have submitted audit report for such year to the said authority, but we came to know that, some of rules or acts got amended with withdrawn of co-operative housing society, b) Our board of members committee which have got elected for a year, is nearby get expires its validity, and from 1.1.2013 new committee has to get elected, so pl let me know, whether new committee resolution also to inform to the respective govt society office ? If so, what is its time period ? .

A company is having a turnover of about 12 crores and the networth is about 10 crores.
The company is engaged in the mining of clay. Whether the company will be hit by the cost audit provisions.

Thanks in advance

Sir, i am article doing audit of a loss making listed sugar factory. the scope of our audit is to prepare system for the client. i want to know the points on which i can audit the accounts and store deptt. pls also suggest some policies which the company should adopt to strengthen it's internal control.

Is it necessary to take coaching for ipcc auditing? wont self study be sufficient?

PLEASE MENTION IMPORTANT POINTS TO BE SEEN IN INTERNAL AUDIT OF CREDIT CO-OPERATIVE SOCIETY?

IS INTERNAL AUDITOR A EMPLOYEE OF ORGANISATION?

i have got my COP on 7/9/12
there is a company which was incorporated in may 2010 and has not appointed any auditor

can i become the auditor of that company

09784498412
CA Arpit jain

DEAR READER,
I WANT TO KNOW THAT CAN A COMPANY MAKE A CASH TRANSACTION WITH DIRECTORS AS LOAN.
I WANT TO KNOW THAT ; IS THAT SIMILAR TREATMENT AS A CASH PAYMENT ?


PLEASE NEED GOOD ANSWER.

REGARDS:
RAKESH

Dear Experts,
Can a trust registered under FCRA do transfer the fund from its normal account to FCRA to keep the minimum balance? The law restrict to receive any other fund other than foreign contribution in FCRA Account. The trust do not receive any foreign contribution till today, but bank is asking them to close the account if they don't make any deposit in the account

Dear Sir / Madam

Good Afternoon !

During an income tax scrutiny case of my client in SEZ zone, the assessing officer is asking for NCCB audit report for exemption u/s 80 I of income tax act. Kindly clarify the same and please send me a format.

Thanking you,

Pardeep Kapil
09350097157

Dear Sir/Madam,

Can you please let me know that why salary payable is not considered as trade payable and is shown in other current liability even though trade payable includes payments for utilization of goods and SERVICES?