My question is as under:
The new provision of section 44AD, how it will impact on share trading activity .

(F & O and Trading in Shares not speculative trading)

My client is engaged in Share Trading Activity,his turnover for F.Y. 2010-11 Rs. 42 Lacs,and has incurred a loss of Rs.1.50 lacs. (As u know share trading activity u can not predict the profit. He has a other income of Rs. 450000 i.e. interest and Rent income from HP.

My question is whether he is liable to get his books of account audit u/s. 44AB ?

As per the provision of section, both condition has to satisfy.

The company has CC account. It has given loans to different concerns.

can the company give loans or advances to other from CC accounts. As per me CC account is for requirement of working capital and can not be used for giving loans or fund transfer.

Pls advise implication from different points.

while seeing sales limit(60lakh) for tax audit whether sale should be taken inclusive of vat or not?

HIII i m new article asistant and on my 1st audit..How to check withdrawals & Deposits???

I have Valued the finished goods Inventory (i.e. NRV or Cost whichever is lees)in accordance with Accounting Standard-2 on Valuation of Inventories Issued by ICAI.

I have to create the Provision for excise duty on finished goods, pl. suggest me on which amount provision should be created, either on sales value or cost of the FG or Value as per valuation of Finished goods.

Pl. send your valuable suggestion......

A society is running a School having groos receipts from tuition fee of Rs. 60.00 lacs and above. Whether Tax Audit is applicable on society running a school

Net income is to be shown under which head

when LLP is liable to get audited and what are its requirments

Can anyone explain me in detail how to do ledger scrutiny of a company?

If my factory is working on triple shift basis and i m claiming depreciation on triple shift basis 4 such factory den on which assets or plant or machinery in such factory can be claimed depreciation on double shift basis???

Till now no. max of audit assignments were 30.

Whether these have been increased to 45.
and is there are segregation for tax audit and co. audit.

also if a CA is conducting the tax audit and the co. audit for the same co., whether this would be 1 assignment or 2.