Audit QnA [Resolved] - Page No 409

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Hardik Shah

This Query has 3 replies

28 December 2010 at 15:43

auditable turnover for share trading business

What is the limit of turnover for the person engaged in the business of the share trading?

tushar

This Query has 3 replies

28 December 2010 at 11:52

tax audit - share trading business

Sir, plz tell me,

when tax audit required in share trading business (intraday, delivery and f&o).
& if total sells in intraday+delivery is above 60 lk ,not in f&o, then how to calculate total turnover.

Shashi Shekhar Rai

This Query has 1 replies

27 December 2010 at 15:21

Servuce tax refund

There is a company which is 100 %subsidiary of a Foreign co.The company is in the bussiness of software and they 100 % export there software to the parent company in US.They also provide back office services to client.
whether the said company is entitle to claim refund of service tax paid in india as input servises ?

Please also give me link to concern notification or law.
Thanking you

Anonymous

This Query has 1 replies

27 December 2010 at 10:21

Creditors pending more than 3 months

how to audit creditors.
what to do of creditors pending more than 60, 90, 180 days.
what other areas are relevant while auditing creditors.

Udaya Kishore

This Query has 1 replies

26 December 2010 at 11:32

signing of financial statements

Sir
Whether a Chartered Accountant can sign a provisional Balnce sheet and Profit &Loss Account submitted by the client to a Bank or SFC.Is there any prohibition by the ICAI.

Anonymous

This Query has 2 replies

25 December 2010 at 15:49

tax audit

hi friends ,
my query is that why sec.44AB not applicable on income of individual exceeds 60,00,000 under the head salary ,H&p or capital gain &other source ......

Anonymous

This Query has 2 replies

24 December 2010 at 16:17

Management Representation

Hi,
I would like to know when can a auditor ask for a management representation.

Anonymous

This Query has 5 replies

23 December 2010 at 23:44

personal exp of directors

Should we transfer personal expense of director to capital account or debit it to companies expenses

or should we first debit to companies exp and transf to their individual account routing through jv

please help me out

Ashish Limaye

Anonymous

This Query has 1 replies

22 December 2010 at 16:45

Reporting

I am preparing an internal audit report where there is a point noted company billed twice in many cases. so i want to frame a point on this saying it will spoil our relationship with client due to lack of internal control. So pls help me to frame a sentence in this regard. mentioning lack of internal control and relationship with client.