A PARTNER SHIP FIRM DOING ACTIVITY OF PURCHASE OF RM FROM OUT SIDE AND JOB WORK FROM OTHEROUT SIDE AND MAKE PLASTIC SPOON AS FINAL PRODUCT. IT'S TOTAL TURN OVER WAS 4400000/- PREVIOUS YEAR IS IT APPLICABLE FOR TAX AUDIT U/S 44AB?

Sir,

Please clarify that Audit done of concern which has shown profit below 8%. and also turnover is less than 60 lac. then

This audit assignment come whithin the limit of 45 tax audit or not ?

if not then please give link of institute guidelines.

Dear Colleagues

Kindly let me guide for following Point

· A Person having two different business both are of totally different nature
· In F.Y 2010-11 Both business recorded Turnover above ` 60 Lac (means both are under Audit)

My Queries are -

1. Whether there will be single Audit Report for both the businesses? because both businesses are operated by one & the same person so we have to file single ITR 4

2. If we prepared one single Audit Report for both business then in business code (under Annx I) whether we have to fill two business codes.

3. Whether we should prepare 2 Audit Report (Two 3CD & 3CB) and consolidate it while prepare Balance sheet of Proprietor & then file single Itr4

Awaiting your reply for the above & other related point of Audit

I aim to be master in audit and i need some good advice regarding the ways to know and learn the subject well.Right now I m in IPCC and this subject is totally new to me.Waiting for the best tips and guidelines.

GOOD EVENING SIR,
I WANT TO KNOW WHETHER AN AUDITOR CAN DIRECTLY SEEK THE EXTERNAL CONFIRMATION FROM THIRD PARTY OR HE WILL HAVE TO REQUEST THE CLINT TO CALL FOR THE EXTERNAL CONFIRMATION DIRECTLY TO BE SENT TO AUDITOR.
THANKYOU

the co is dealing in trade of hardwares and softwares maintaining accounts in tally..they take the stock as per tally..but i think it is not rite as stk inwards also include sales return..so the value of stk will not satisfy the provision of as 2..plz tell me is it ok to take the value of stk as per tally..

My Client has exported some items and discounted Sales Bill and Booked the Difference amount of Invoice Value and Discounted Value as ERD (Exchange Rate Difference). Is it Required to Again Revalue those Discounted Bills at Closing Rate as on 31/3/2011 as per AS 11?

How to Audit of Excise. Which is important things we remember in doing Excise Audit.And what is detailed procedure we are followed for Excise Audit

res. sir,
pls guide me

a person is proprietor of a proprietory concern & karta of a huf oncern

turnover in proprietory concern is 55 lac
turnover in huf concern is 35 Lac

is audit applicable for the huf & proprietory concern ?

Which Balance Sheet Format should we have to use for LLP?
Is it Schdule VI - As we use for Companies or
Is we treat LLP as any other partnership Firm and use Partnership Format?