Hello,

I already got my membership no. & also hold COP but my partnership registration is under process so Can i do tax audit in my individual capacity even if I don't have firm registration no.


Thanxs in advance.

I'm finalizing the BalanceSheet and P & L a/c for period ended 31.03.12 of my small business. But , I am facing the problem there is one Sundry Creditors balance are in Debit (Minus). So, In which side of BalanceSheet I will put-up it. kindly advise with explanation. Should I considered it Debtors or shown on liability side in minus position.

Hi friends,

I am urgently in need of the latest auditors report format (preferably adapted to private Non profit organizations)- can someone help? Many thanks in advance

Regards,
Dheepa

whether income of trade/cash discount on purchase is added in sales while calculating 8% profit of turnover for the purpose of section 44AD.

CA Kusum Sorathia

what is due diligence? how is it useful ?

I have multiple query regarding valuation of closing stock for a manufacturing concern:

1. Does following will be considered for
valuation of closing Stock:
(i) Depreciation
(ii) VAT
(iii) Excise Duty


2. What is the procedure to Value Closing
Stock of Finished Goods & Raw Material?

3. Can any one please provide me format
for stock valuation?

Request to please reply in full & don't give half answere as it is more confusing.

Very Thanks in Advance for giving time & support.

If somebody has a poultry business.Turnover(2011-12) Rs.5800000.00 and net profit Rs.500000.00.In this situation,is Tax Audit mandatory?

My client has commision income under 194H of Rs. 23,00,000 (Working as sinior commision agent/member of Maitreya Plotters & Structures Pvt. Ltd. & he has many agents & sub-agent under him on whose buisines he gets such commision).....

He dont filled his ITR-4 till time for A.Y.11-12....whether he was required to do his Audit...?

Also he dont maintain any books....also due date is also expired for audit & ITR filling......So can any expert guide me of what to do...in such case.

My client has commision income under 194H of Rs. 23,00,000 (Working as sinior commision agent/member of Maitreya Plotters & Structures Pvt. Ltd. & he has many agents & sub-agent under him on whose buisines he gets such commision).....

He dont filled his ITR-4 till time for A.Y.11-12....whether he was required to do his Audit...?

Also he dont maintain any books....also due date is also expired for audit & ITR filling......So can any expert guide me of what to do...in such case.

Sir,
whether audit u/s 44AD will be counted in the tax audit limit of 45 which is for each practicing ca?