can company held the assets like car in the name of director??
plz give ur opinion and provide me reference for the same.

Dear Sir,

Please give us the Tax Audit Slab for Propship,Partnership for Period FY 2010-11


Thanks & Regards

Survesh

I want to know that if any assessee is now filing his all previous years tax return then while preparing audit report which limit should be taken in consideration

Sir, I am trading in shares in my wife's name. My trading turnover has crossed rs. 9.00 lacs. My wife is also serving in a PSU bank. I am trading only in cash segment. Is audit needed if the turnover of this year crosses Rs. 10 lacs ? Please reply as early as possible.

suppose i displayed a hoarding for my client for period 27th August 2010 to 26th Sept 2010 and i recognized entire revenue on 30th August 2010. Is it right ?

Whether a club is liable for Tax Audit U/S 44AB of the I T Act
Following are the receipts of the club

Annual Subscription Rs 7.00 Lacs
Membership Fee 31.00 Lacs
Bar Sale 10.00 Lacs
Lease Income 10.00 Lacs
Card Room, Billard Room
Kitty Hall etc charges 13.00 Lacs
Total 71.00 Lacs

Please advice
Thanks

in many cases the company receives the goods from vendor and then the company places the purchase order for the goods received.
(the reason being it is not possible to place the order first because of some technicle knowledge required,)
the company's purchase policy is silent on this matter, as an internal auditor i want to put this matter in audit report.

I run a Manpower Recruitment Agency and I am expecting my total gross receipts for the FY 2010-11 to be more than Rs 20 lakhs. Can you please tell me if I need to get my books audited? If yes, where can I find a good auditor, who does not charge me too much. I am in Mumbai.

I also want to know that being a porprietor, can I claim exemtion of medical bills?

Dear Friend,

Please Say a Propriter has taken Personal Loan.Is Personal Loan Secured or Unsecured Please Reply.

A Prop has made Recurring Ac should it be grouped under Investment or Current Asset.

Thanks & Regards

Survesh

Hi Experts,

A real estate company has purchased a property and let out the same on a rental basis.

However, it has accounted the same as a Fixed Asset and claimed depreciation.

I am of the opinion that the same should be shown as an Investment.

Kindly provide your inputs to the said matter.