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.

ONE PERSON MAINTAIN BOOKS AS PER MANUAL SYSTEM MEANS RECORDING TRANSACTION FROM CHEQUE BOOKS WHEN CEQUE ISSUED & VISE VERSA FOR RECEIPTS SO AS PER BANK STATEMENT THERE IS HUGE DIFF DUE TO CLOSING ON 31.3.2011 NOW HOW TO PROCEED
CAN I WRITE HIS A/C IN TALLY FURTHER TO TALLY TB

Whether the various CARO requirements are applicable to Private Companies?

IF TDS NOT DETUCT ON TESTING CHARGES Rs. 33875/= AND WATCH & WARD EXPENSES Rs. 116323/= BY PARTY IN FINANCIAL YEAR 2010-11 HOW CAN CALCULATE TDS IN NEXT FINANCIAL YEAL 2011-12? AND PLEASE SEND ME ON MY EMAIL ID ranaraghav786@gmail.com TDS RATES CHART & TDS CALCULATOR FOR FINANCIAL YEAR 2010-11

THANKS

Your firm has been appointed as Central Statutory Auditors of a Nationalised Bank. The Bank follows financial year as accounting year. State your views on the following issues which were
brought to your notice by your Audit Manager:
(a) In computing the aggregate of funded and non-funded exposure of a constituent for purpose of assigning risk weight in regard to capital adequacy, the bank "Netted off' the credit balance of Rs. 10 lakhs in their Current Account against the total exposure of Rs.1crore.
Pls provide answer with conclusion for above question.

One of our client has taken bank guarantee from a bank. The beneficiary of the BG is a vendor of the client. The duration of the BG is seven years. Since the commission for bank guarantee is for huge amount, this can be charged to the Profit & Loss Account over the tenure of the Bank Guarantee?
Please reply in the light of AS-26 and As-29