Audit QnA [Resolved] - Page No 356

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Anonymous

This Query has 1 replies

12 September 2011 at 11:08

Applicability of 44ad

i have been started my business after retirment from services,as on 31/12/2010,and start the business as on 11/1/2011 during the 2.5 month i dont have any profeesional recipts i had file my income tax return showing business loss ( i.e expenses incurred during 2.5 month ^& claiming deprication) and adjust such loss against income from other sources,is it provision 44AD is applicable? tax audit u/s 44AB is mandaotry?

Anonymous

This Query has 5 replies

12 September 2011 at 01:10

Checking of purchases.

How to check the purchases agst C form & F form? What evidences I should take while performing the checking of purchases in the effectively and efficiently manner?

Thanx

Anonymous

This Query has 1 replies

10 September 2011 at 17:38

Bank o d

Under which head of balance sheet Bank Over draft comes.

Secured Loan

or Current Liabilities

PUNEET AGRAWAL

This Query has 1 replies

09 September 2011 at 16:11

Tds

WEATHER THERE IS ANY TDS LIABILITY IN CASE OF CONTINUES AUDIT OF PROPRIETORSHIP FIRM (INDIVIDUAL) FROM LAST THREE YEAR U/S 44AD/ AF .AS PER SECTION 194 C (ON TDS) WHICH READS AS THE LIABILITY OF TDS IS ONLY IN CASE OF CLAUSE (a) OR (b) OF SECTION 44 AB OF THE INCOME TAX ACT 1961. AND THE ABOVE AUDIT U/S 44 AD/AF IS COVERED BY CLAUSE (d) OF THE SECTION 44 AB.

Shreya

This Query has 4 replies

09 September 2011 at 15:54

Maocaro

What are the conditions of Applicability of MAOCARO?

CA Vasneet Kaur

This Query has 3 replies

09 September 2011 at 12:10

Sec 269ss

R/member
please clarify that whether interest credited to unsecured loan account is required to be shown in annexure of loan or deposit to audit report 3 cd.
and which amoun =t is to be shown in column maximum amount outstanding

Titli Mukherjee

This Query has 1 replies

09 September 2011 at 00:12

New amends in sa?????

is dere me new amends in SA and audit vol 1 part in pcc level

M.Naeem

This Query has 2 replies

08 September 2011 at 16:54

Audit of partnership accounts

If there are three partners, Two are contributing their capital in the partnersip, however third one is providing the services and taking his salary. IS third is entitled to profit/loss.

Sivachandiran G

This Query has 2 replies

08 September 2011 at 16:46

Tax audit

Hi I am siva
I wish to know that, a person doing two difference business having turnover of Rs.2850000 and Rs.3545800 respectively. Whether Tax Audit is applicable.

If a person having professional income as well as business income and aggregate turnover is above 60lakhs, which come under Tax Audit.