A ca practicing in individual name can use word" & co." or " & associate " after his name.

Dear Sir/Madam,
I have to confirm that if the closing stock of a person is destroyed & the claim is received.
So whether as per AS 2, this receivable is to be shown as closing stock value under Financial Statements???

And also guide me that if this person has taken a loan against stock, then can he show this receivable amount as stock to his banker???

Dear Sir,

I Have Flexible Laminated Pouch Roll printing Business,Company Annual Turn Over 83 Crores,so tell me a requirement in company cost audit,and also tell me cost audit limit,

If a private limited company has statutory audit period from 1st May 2011 to 30th April 2012, should the auditor also sign the Balance Sheet as on 31st March, 2012 for reporting in form 3CA ?
Please guide me...

is there any limit on turnover as to when statutory audit is applicable?

Dear Sir,
During the audit of Bank, we found that there are many old sundry deposits with the bank taken as EMD during the bidding process. These deposits are not demanded by the bidder even they did not succeed in the bidding process.

My question is can bank take these deposits to P&L A/c and w/back or there is some guidelines of RBI for the treatment of un-reconcilable sundry deposits.

Respected Experts,
Very urgent please clarify me ASAP.
The seller sells goods to a buyer which is attracting Central Sales Tax. The buyer buys the goods to resell the same unit in the same condition (i.e. he is just a trader). In such a case can the seller charge the buyer at CST rate of 2% or should he charge at the Local VAT rate.
With regards,
Rajesh.

If a company makes an sales which is attracting Central Sales Tax, it can enjoy sales tax at a concessional rate of 2% even if the local VAT is more than 2%. But to enjoy this concession seller has to obtain Form C from the buyer. Suppose if the company makes a 10 different invoices to a buyer in a month, should the seller get 10 Form C from the buyer or is it sufficient to get one Form C that provides the details of 10 invoices. please clarify me this is very urgent issue.

With regards,
Rajesh.

Dear Experts,

A private company whose gross turnover is above 40 lakhs, but its expenses is more than the income i.e. loss. Is sec-44AB is aplicabel for this company.

Waiting for your kind reply.

Thanking you,

What will be the amount of penalty for an assessee(individual) for AY 2012-13 providing manpower, if he has not carried out audit and also not filed IT return till 30th September, 2012?
The turnover of the assessee is about 1 crore.