Audit QnA [Resolved]

All Resolved Open

ArpanGoenka

This Query has 5 replies

10 May 2020 at 00:06

Audit limit increase for msme from 1cr to 5 cr for msme

Our Hon. FM have announced of increasing threshold limit for auditing for msme from 1cr to 5 cr. We are unable to get official notification. Pls give link. my email id arpangoenka@gmail.com

G.SARAVANAN

This Query has 1 replies

05 May 2020 at 09:29

How to conduct asset recovery branch audit in banks

kindly give me experts opinion

Helper

This Query has 2 replies

29 April 2020 at 20:20

Cash flow under AS & IndAS

Dear Expert,
In movement in workingcapital,why we are including non current asset or liabilities.
Since working capital contains only current item.

Please explain

Premnath

This Query has 1 replies

21 April 2020 at 02:00

Hi,

can one clarify me.
Our Company collected a performance BG from the sub-contractor and the sub-contractor seems to fail to comply his obligation. Hence we may invoke the BG next year. In this case can we disclose the performance BG value as contigent asset in Directors report

Please advise

CA Maitri Patel

This Query has 1 replies

16 April 2020 at 13:16

Format for audit report of co-operative society

Please provide me format of Co-operative Society Audit Report.

Thanking you

lakshmiswetha

This Query has 2 replies

27 March 2020 at 20:00

Tds

Hi
Iam doing audit of a restaurant.how to do it

ARITRA CHAKRABORTY

This Query has 2 replies

17 March 2020 at 13:29

Services can't be provided by a CA to the company

Apart from auditing, can a CA charge consultancy fees to a company?

Mahabir Prasad Agarwal

This Query has 3 replies

14 March 2020 at 16:37

Exempted suuply in GSTR 3B

During year ending 31.03.19, My taxable was nil and accordingly Nil GSTR 3B were filed by me. But I had also supply of green tea leaves during the year which was not reflected in GSTR 3B being exempted sale. Whether showing exempted sale in GSTR 3B is compulsorily. As I had to file my IT return for AY 2019-20, in which I will have to show my income from Sale of green tea leaves, but GST turnver wiil be nil. Hence, there will be mismatch of turnover as per IT Return and GSTR 3B. In Income tax income tax from sale of green tea leaves is not exempted. Please guide me.

Himanshu Ranka

This Query has 1 replies

08 March 2020 at 17:55

GST late fee

As per section 37 GST late fee is allowable as an expense under IT Act but this amount has been mentioned in tax audit report under clause 21(a) in expenditure by way of penalty or fine for violation of any law for the time being in force.Now what to do in that case.

raghavendra b

This Query has 7 replies

08 March 2020 at 12:33

BORE WELL REPAIRS COST OF ENTIRE YEAR

DEAR SIR,

ACCOUNTING CHARITABLE TRUST BORE WELL REPAIRS COST IS CAPITALIZED AS PART AND PARTIAL OF THE BUILDING OR TRANSFERRED TO INCOME AND EXPENDITURE ACCOUNT, BECAUSE ENTIRE YEAR MORE THAN RS 25000/- INCURRED COST OF EXPENDITURE OF THE BORE WELL REPAIR.

PLEASE CLARIFY ME

REGARDS