My client ( Turnover 95 crs. and Net profit after tax 2 crs.) has recongnised refund of tax Rs. 12 lacs as income and has created a current asset as Tax refundable. In my(auditor) opinion it is not an income and therefore both income and current asset can not be taken to the P & L A/c and Balance Sheet respectively.

Que. - Is it a 'material' thing for qulification? if yes how and where to give the qualification?

Plese provide the specimen of qualification.

What is the criteria of Vat Audit , Tax Audit and Simple Audit. means when these audits apply in a firm or a company.

My question is that if one Chartered does not get ant NOC from Other CA then can later one do the audit of client of former CA ?what are the consequences if former CA does not issued NOC to later CA?

WHAT ARE POINTS OF DIFFERENCES BETWEEN

1.INTERNALAUDIT

2. STATUTORYAUDIT

3. CONCUURRENT AUDIT

Dear Member,

I am confused that if 30.09.2012 is the last date of audit or it is last date of return filing. Can i also file return after 30.09.2012 in case of audit and plz also confirmed if there is any penalty in case of non filing of return before 3.09.2012

Dear Sir
An Assessee Doing a business and his gross receipts is Rs. 45,00,000 and he want to show higher profit @ 8.5% on Gross Receipts is Rs. 3,82,500
but he is also an partner in two Firms he is received total special business receipts by way of Remuneration and interest on capital is Rs. 20,00,000 at this time he is liable his account audited u/s 44AB even he is offered higher profits @8.5% on Gross receipts of Rs. 45,00,000
please tell
Thanking you

When is a trust required to get its tax audit done?

please tell me what is the importance of ratios like GP , NP and stock/turnover ? is is necessary that they shud be maintained ?

My question is that if a Pvt Ltd company to whom tax audit is applicable is not maintaining the proper accounting (i.e they are not doing proper grouping for the transaction) then in audit report where to maintain such deficiency.

change in the share holding pattern of a public listed company is diclosed under which clause of form 3CD while doing TAX AUDIT.