Plz.clarify,
Is there any requirement that an internal auditor should be a qualified CA for the purposes of reporting under the CARO?

Dear Experts

Please guide me regarding "how to conduct the Tax Audit U/s 44AB of a Individual who is sole proprietor of a firm & also doing business in personal name"


Does require to prepare two(2) separate Audit Report or one(1) single Audit Report????

[Please note that turnover of both business exceeding60 Lacs individually)


Further please throw light on following points also if COMBINED REPORT is to make:

1. How to report in 3CD ??
2. How to report Annx.I ??
3. How to Fill financial figures in ITR??

Please also suggest what precaution require to be taken regarding the case under consideration.

Thanks very much in advance for the valuable suggestion and time.

Thanks & Regards

sir,

there is a private ltd. company having turnover 20 lac

so compulsory audit will b applicable.


sir please inform me, weathere it is a tax audit??will it be counted for 45 limit if turnover is less then 60 lac???

in which form(3ca/b) we have to report it??

Are 3 quotations compulsory for any purchases above Rs. 5000/- as per charitable trust act

If i m authorised person of the comapny in Admin. department, then i m how many sim card purchase in the name of me but only for official purpose...?
(this query asked by statutory auditor...)

Hi,

I am conducting the audit of a hospital. With regard to the same pls tell me whether the instruments used in the hospital should be capitalised or charged to revenue a/c

Priyanka

PLEASE SEND FORMAT OF AUDIT REPORT IF AUDIT MADE U/S 44AD, MEANS LOWER RATE OF PROFIT ( FROM 8%)

Eg: A ltd was changed to Private Ltd company during Nov 2011. Whether the CARO is applicable to the company for the year 2011.
Pvt. Ltd Comp has not satisfied the Cumulative conditions.
1. Paid up share capital does not exceed Rs. 50 Lakhs.
2. Company does not have loan outstanding from bank or any financial institutions exceeding Rs. 25 Lakhs.
3.COmpany does not have a turnover exceeding Rs. 5 Crore.

if any society which is 5 years or more old and which has not done audit of all the years than what are the penal consequencies and can any ca proceed for audit from 1-4-2010 if the society is much more older.

I am working in manufacturing company. What is the criteria for internal audit?
( Turnover wise)