Ramachandiran
This Query has 2 replies

This Query has 2 replies

07 June 2012 at 12:28

Special audit 14aa (cenvat credit )

Kindly provide the important area to be concentrated for CENVAT credit under sec.14aa for auto mobile industry. please specify the area wise attention for input credit, input services & capital goods for availing credit & reversal of credit


Aashutosh Agrawal
This Query has 1 replies

This Query has 1 replies

07 June 2012 at 11:38

Misc expenditure in revised sch vi

Hello,
Misc Expenditure has been brought forward from previous years.
Now as far as my knowledge is concerned, no specific treatment for disclosure is given in Revised Sch VI.

So I needed to know the disclosure requirement as per Revised Sch VI i.e. whether it would be shown in Non Current Assets or Other Current Assets



Anonymous
This Query has 1 replies

This Query has 1 replies

07 June 2012 at 11:16

Acceptance of audit

three firms have been invited by cooperative bank for conducting the statutory audit and asked to give quote.
Three have given quote say 100, 75, 150. the special officer has bargained for 50. two people who have quoted 100 has accepted for 65 and another one who has quoted 150 did not accept for reduction. a person who has quoted 100 has accepted for special offer of 50. all the offers has been openly discussed in the hall in the presence of speical officer, and inspectors of the bank and the auditors. is there any violations of ethics by the person who has accepted so offcer. kindly breif me


Dinesh K maru
This Query has 1 replies

This Query has 1 replies

06 June 2012 at 18:22

Pyt allowable for more than 20,000 ?

Dear Sir,

We Would like to draw your kind attrention on the fact that :

one of our client is engaged in the business of Manufacturing of Brass Scrap And

Our client is Purchase URD Machinery form Some Persons & Payament has been made afterwords for more than 20,000 ?

Is it allowable?

Kindly Reply as early as Possible.

Thanking You In advance.



Anonymous
This Query has 1 replies

This Query has 1 replies

06 June 2012 at 18:18

Pyt allowable for more than 20,000 ?

Dear Sir,

We Would like to draw your kind attrention on the fact that :

one of our client is engaged in the business of Manufacturing of Brass Scrap And

Our client is Purchase URD Machinery form Some Persons & Payament has been made afterwords for more than 20,000 ?

Is it allowable?

Kindly Reply as early as Possible.

Thanking You In advance.



Anonymous
This Query has 1 replies

This Query has 1 replies

05 June 2012 at 17:41

Cost records

What are the various cost records to be maintained by a construction company?



Anonymous
This Query has 1 replies

This Query has 1 replies

04 June 2012 at 17:51

Studio hiring

Dear Sir / Ma'am,

We are a Pvt Ltd. movie production company and we hire various studio's for shoots. Do i need to deduct TDS of 10% or 2% in this situation?

2. Also we do sumtimes shoot outdoors where we stay in hotels, shud i deduct TDS there as well? How much wud tht be? 10% or 2%..


caankitgupta25@gmail.com
This Query has 1 replies

This Query has 1 replies

04 June 2012 at 17:17

As 18- related party disclosures

Can anyone please tell me whether the AS-18 is applicable on a non listed COMPANY having less than:

(i) Rs. 2 crores of turnover
(ii)Rs. 3 crores of borrowings

And whether AS-18 disclosures are to be made in notes to account of such company?



Anonymous
This Query has 1 replies

This Query has 1 replies

04 June 2012 at 10:37

Tds on rent

pvt ltd co. paid rent every month rs.22500 from last nov-2011 last f.y we did not deduct tds on rent but now this year tds is applicable but our landlord told me he is not liable for tds as per agreement total rent amount 1st apirl 12 to oct 12 rs.157500 , he told me you will be deduct tds after oct or over limit 180000/- is it possible or not?



Anonymous
This Query has 1 replies

This Query has 1 replies

03 June 2012 at 10:35

Professional ethics

I got this naggindg doubt owing to some info I got from colleagues that last year, the restriction on audit of related concerns has been tightened.
My query is:
"Can a CA do the audit of his near relative's accounts for 2012-13 asst.? I am quite aware that a note is required highlighting the fact of relationship. My question is on the specific situation where the Auditor has absolutely no stake in the Auditee's business, which is a proprietorship concern. Please clarify.






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