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

while making the disclouser of loan or deposit accepted during the previous year , should we include the amount of interest that we credit into lender's a/c at the end of the year or is it purely the amount that we accept or take through banking channels?

A private Limited company ABC Pvt Ltd changed the name of the company to XYZ Private Limited during the year 2011-12. This was informed to ROC and the change was recorded in the master file data. Now the audit for the financial year 2010-11 is being carried on. What will be the name of the company to be quoted on the financials for the year ended 31.03.2011.

The name change is not reflected on any other registrations apart from ROC till date.

Please advice.

removal of first auditor before expiry of the of office. Whether special notice ir reqd.to be sent or nt?

can anyone give a format of board resolution for appointment of auditor before AGM

Dear Experts

Please suggest how to calculate the "% of Yield" to report in Clause 28 of 3CD Reporting of a Rolling Mill Unit:

RAW MATERIAL DETAILS
A. INGOT:
Consumption 2928.962

B. MISS ROLL:
Consumption 285.730


FINISHED GOODS DETAILS:
A. MS ANGLE:
Prodn. 2842.780

B. MS Bar:
Prodn. 76.500

C. MS Channel:
Prodn. 33.400

D. MS Square:
Prodn. 96.400

E. MS Flat:
Prodn. 96.400

MS Scrap:
Prodn. 135.000


Thanks

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?

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

Under which head of balance sheet Bank Over draft comes.

Secured Loan

or Current Liabilities

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.