Hi Friends,

A company incurring Parking Charges on behalf of Employee. Can we treat it as Perquisit in the hands of Employee ?

Each Month the Parking Charges are Rs.3,00,000/-

Please provide me solution as early as possible.

Dear All,

What is the procedure for appointment of Cost Auditor for obtaining Cost Compliance Report as per the above rule??

Is it necessary to appoint such Auditor by the Board or it (the Cost compliance Certificate provided by the Practicing Auditor) only needs the approval of the Board?.

As per the above rule, there is no such provision for appointment of Auditor by the Board, but it clearly says that the compliance report should be approved by the Board of Directors, then only company can file the Form A.

Kindly revert at the earliest.

regards,
Sreenivasa Bhat

1)The company has lots of Debit notes.
2)What points should i consider While auditing it ?

Experts,

Port is our vendor periodically port send us statement of Account,

we made our reco as under---

balance as per our book xxxx

less- invoices debited by port but not accounted by us. xxxx

add- amts. credited by port but not accounted by us xxxx

less- amt. paid by us but not accounted by port xxxx

add- invoices accounted by us but not accounted by port xxxx

add- payment not accounted by us credited by port xxxx


now, under the head

Less- amount paid by us but not accounted by port

there are many open items related to TDS " just written as TDS"

what it mean?

please guide me regarding petty cash audit of a public limited company

Dear All

Pls advice how pricing of shares is to be done under discounted Cash Flow Mehtod in case of newly incorporated company. 100% investment in the company is being done by a foreign company. There are no outstanding shares in the company thus making it impossible to do the valuation under DCF. RBI is not accepting any other Valuation except for DCF

COMPANY INCORPORATED ON 23/3/2011 .PREPARING ITS FINANCIAL STATMENT FROM 23/3/2011 TO 31/3/2012 . WHETHER REVISED SCH VI IS APPLICABLE. PLEASE GIVE LOGICAL REPLY WITH SUPPORTING EVIDENCE.

Respected Sir,
I Am New Practitioner (ICWA).
I Have to File Cost
Compliance Report but I donot
know the procedure of the
same.and documents required.
Please help me. my questions
are:-
(1) late Fee for delay in
filling report.
(2) Required Form & Annexures.
(3) Documents Required
(4) Helping Sites.
(5) Other Relevant Things.




Thankyou Very Much

Dear Sir, our is a tax audit concern required to file tax audit return u/s 44AB.now we hav changed our previous CA and appointed new CA.wether we require to obtain NOC-no objection certificate from previous CA? or this NOC is to be obtained by new CA? And wether it is compulsory or optionally kindly clarify. we are allready qoute this question. but till today we cant find ans. so kindly resolve this Q please

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Hi,Good evening all of u

I have doubt regarding cost audit apllicability. is it applicable for a manufacturing company whose Turnover is 24,00,00,000/-.