would like to know if the company's net worth exceed Rs. 50L , than is it compulsory to appoint Internal Audit & should this internal auditor necessarily be CA

What if Company has its own internal audit team

sir
how i score good marks in ipcc nov.11

respected sir,
one of my client having dsc from finance company says tata finacial service and gatting the commission aftr deducting TDS us 194H which is nore than the 15 lacs during the year, whether the tax audit is rewuire thought the profit is shown more than the 8% in that case????? or other wise
??

My Client is into toll & octroi,i would like to know how should i check revenue in such case as there are too many receipts and even want to know how to keep track of cash since the business majorly runs on cash. revenue is in cash & expenditure is also in cash,it becomes difficult to check the genuineness of the transaction

my firm may undergo for peer review next year. this being my 1st year of audit, i would like to know what all documents required to be maintained

My turnover of business is Rs. 58,00,000/- net of VAT for FY 10-11 and VAT on above is Rs. 2,32,000/- @ 4% . M i liable for tax audit U/s 44AB of Income Tax Act 1960?

Can SAD (Special additional duty ) for imports can be availed as credit completely during the same year both for materials and capital goods or whether the the SAD has to be carried forward 50 % for capital goods as in the case of CENVAT credit.

Dear Sir/Madam,


I'm trying for a new job, where they need us to know audit, could you please briefly explain me what is the meaning of auditing with an example.

Thanks and regards,

Ms. Nashme T.J

What is to be included in Finalisation of accounts?
Which process is to be Checked?
I know this is to be understood by practicle experience but want to know.
Can Anyone priscribe me about the same?

CIRCULAR NO. 57/2011, DATED 28-7-2011,All companies falling in Phase-I class of companies (excluding exempted class) are permitted to file their financial statements without any additional fee up to 30-11-2011 or within 60 days of their due date, whichever is later."
Can anyone clarify whether the above circular tells that whether the tax audit date also has been extended or not?