Can any one confirm as to Limit of Advance is being increased from Rs.10 Lakhs to 25 Lakhs so far Non corporate entities are concerned for Comulsory Audit of Books of Account in relation to one of the clause applivable to LFAR.

Please reply immediately as branch audit of Natinoalised Bank just to start.

Regards & Thanhs in Advance.

Suppose i do one intraday Transaction in of Rs. 1 Crore Purchase and 1 Crore Sales (In Share Market),
Shall Tax audit applicable to me for my above Transaction, as it cross Limit

sirs, i have cleared second group in my first try,,and seeing auditing for the first time.. i have already done company audits,professional ethics,SAs special audit.SOX and stock exchange audits from padhuka..for remaining m not capable to finissh in time otherwise i cnt revise properly..i m planning to do the remaining chapters from surbhi bansal and compilation taken togather..should i trust surabhi bansals book for scoring atleast 50 to 54 marks if i go for paduka nd surbhi togather as above?????plz reply me fast coz time constraints....?

Please Say me the meaning or Difference of ACT and Rule

Example : Income Tax Act and Income tax Rule


Thanks & Regards

DEAR SIR


PLEASE GIVE A LINK OF WEBSITE WERE WE CAN FIND EXPLANATION FOR THE FOLLOWING

1.OPEN MARKET OPERATIONS

2.LIQUIDITY ADJUSTMENT FACILITY

3.CBLO

as per IT,wt happen if cash balance goes to -VE in the books.

Wt will be the impact??? on assessee???

Pls reply nd explain the same.

sir pls provide me sa, guidance notes for audit n accounts in brief for may 11 exam. its urgent.......

I ANY PERSON LOST HIS INTIMATION HOW TO KNOW ABOUT THAT INTIMATION THAT WHETHER TAX IS PAYABLE OR NOT . WHERE CAN WE DOWNLOAD THAT?

Dear Sir

Can you tell me what is funded and non funded exposure with respect to banking companies?

Whether interest paid on late payment of Income Tax, VAT, Service tax etc amounts to fine/penalty. Whether it has to be reported in Tax audit report and if yes under which point.

Whether the above interest is allowable as business expenditure.