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What could be appropriate areas of checking in audit of jewellery shop
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Dear Professional,
Please share the audit report format for financial year 2017-18
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Dear Sir,
Please tell me whether there is any changes in the balance sheets & Auditors Report's of the
Private Limited company in AY 2018-19.
If yes please provide me the such document.
Thanks & Regards
NK
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Dear experts,
i run a NPO, registered under the Companies Act, we registered on 15th January 2018, w.r.t this, have queries
a. how should we go about the first audit of the company
b.how much does it generally cost
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Sir, if partnership firm turnover below 2 crore & after remuneration & interested paid to partner net profit below 8% can audit compulsory or profit 8%on turnover compulsory before remuneration distribute or after remuneration if firm turnover is 1 crore can profit showing 8% means 8 lakh please guide advice
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Mr. A is a dealing in items which bears heavy cess on it under GST (For eg. Tobacco). In the current year his taxable turnover under GST was Rs. 50 Lakhs on which he has paid GST including cess of Approx. 62 Lakhs. What will be his turnover under Income Tax Act. (Kind attention sec 145A which says -
the valuation of purchase and sale of goods and inventory for the purposes of determining the income chargeable under the head “Profits and gains of business or profession” shall be— (i) in accordance with the method of accounting regularly employed by the assessee; and (ii) further adjusted to include the amount of any tax, duty, cess or fee (by whatever name called) actually paid or incurred by the assessee to bring the goods to the place of its location and condition as on the date of valuation.
Kindly reply soon.
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Hi,
Made loss in F&O and intraday trading -220000
Made gain by selling shares kept for short term (less than 12 months) +180000
Only income is from FD interest. +132000
Turnover of (FO+intraday+ short term share trading) is 80 lakhs.
Is audit required in my case?
Can I avoid it by not declaring losses in F&O and intraday and simply show 180000+FD interest as my income and pay tax on it. Will 15% be charged in 180000 profit of short term trading?
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Sir, my firm previous Year i.e, (F.Y.-206-17)Audited but this business very down position, Turnover below 1 Cores and profit percent 8% and above. What con do it. my query is Audit / Un audit of Income Tax Return file?
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A Proprietorship firm having business turnover less than 1 crore wants to show profit less than 8%/6%. Is he required to gets his accounts audited? If in this situation his turnover is between 1 crore to 2 crore than what happened?
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What is Spoke Audit? Please give me a reply as far as possible.Its very urgent.
FR & Direct Tax (Regular Batch Combo) For May 26 & Onwards
Audit checklist for jewellery shop