If purchasing cost of a asset is
further, in next month, if we purchase also same asset costing
Please suggest me.

AN ASSESSEE HAS 3 DIFFERENT NAME OF BUSINESS.
SAY AS A(CEMENT BUSINESS), B(PAPER BUSINESS) & C(CONSTRUCTION BUSINESS).
I HAVE TO DO THE TAX AUDIT OF THIS ASSESSEE.
WHETHER 3 SEPERATE BALANCE SHEET, PROFIT & LOSS A/C & TRADING ACCOUNT IS MADE OR SINGLE BALANCE SHEET IS MADE & SEPARATE TRADING & PROFIT & LOSS ACCOUNT IS MADE?
WHAT SHOULD BE DONE?
WHAT ABOUT 3CD?
PLEASE TELL WHAT SHOULD BE DONE?

If an auditor has given adverse opinion or disclaimer of opinion then what would be the repercussion on the auditor.

If there is any guidance note...please also share that...

hello sir for audit of debenture which form can be demanded from client;

is it a good option to go with book of KAMAL GARG for auditing ?

Hello sir,
i m discussing the situation as under that i have already discuss with lots of tax expert but no one is giving me the similar / right view.

The situation is: -
I m having a sale of 30lakh from Export sale of fabric & against this sale i am having a net profit as per books is 150000/-. I am also having some other income like as rental income (Rs.200000/-), int. income (Rs.5000), draw back (Rs.150000/-)etc. Sir, my main point is here that i want to consult to you, is it possible to file the ITR without audit (as per section 44-AB) and i also don`t want to go with section 44-AD of income-tax act`1961. Sir, some of the tax expert and also CA is saying to me that we can`t file our business profit below then 8% as my net profit is coming as per books is near 5.20% (approx).

Now, my main question to you sir is it possible to file the return in ITR 4 without audit in the above situation or not?
and i also don`t want to go with section 44-AD.

Hope for the best suggestion.

Thanks & Regards
sarbjit

I observed while doing audit for a listed company, the company with draws an amount of 10crores cash and it deposited after 3 months without using any purpose. Is it attracts Offence under any act to maintain such huge cash balance, if yes what is penal consequences? Please clarify me?

Sec 2(l)(ix) of the (Cost Accounting Records) Rules, 2011 says that (Cost Accounting Records) Rules, 2011 says-
(l) “Processing Activity” includes any act, process, procedure, function, operation, technique, treatment or method employed in relation to- constructing, reconstructing, reconditioning, repairing, servicing, refitting, finishing or demolishing of buildings or structures;

Does this mean construction companies have to maintain cost accounting records?

Moreover, ICWAI's 3rd FAQs posted on the Institute's website - Question 2 clarifies definition of Production overhead for site related activities not attracting excise duty. Does this imply application of the said Rules to construction Companies?

Requesting other professional friends to clarify ,please...
Thanks

Is Cost Audit Mandatory for Vanaspati Industries??
pls. help me.....

When the companies are required to audited their accounts by a cost auditor or when cost audit is compolsory .