Hi

Can a statutory auditor of holding company be internal auditor of its subsidiary company?

X is statutory auditor of ABC. ABC has a subsidiary company DEF. ABC shareholders requested X to be internal auditor of DEF. Can he accept this offer? Does he has any restriction to accept this offer.

Please respond at the earliest.

Regards,
CA. Sunil Saini

If the turnover of an assessee from business, which he has begun with in the current year, is36,00,000 and from profession, that in which he deals since last two years is5,00,000, will there be any liability of tax audit to be carried out?

Please reply as soon as possible.

My brother is working in a private IT firm.
His trading volume has crossed 60 lakh last year.

All trades are delivery based .

Q: is it necessary for him to go for tax audit? or tax audit is mandatory only for intraday trades?

regards

DEAR SIR,
I WANT TO KNOW WHO ARE BEING CALLED AS PROFESSION FOR TAX AUDIT PURPOSE AND UNDER WHAT SECTION

THANKS IN ADVANCE
REGARDS
SANTOSH GUPTA

Dear all,

i have some doubt about can i issue ch behalf of proprietor name. one of the contractor done work his foirm name XXX but he asking cheque his name YYY, is it eligible for audit

thanks & regards

What is minimum Statutory Audit Fees for Private Company?

Can Please anyone tell me "if interior decorator's turnover is 3Lakhs he Didn't maintain proper Books of Account then what is the impact what to do?

Can a private company appoint an auditor who is a relative of the director or share holder assuming they have significant influence? Pl clarify

Dear all

Will any one provide me the solved problems of the Cost Audit applicable for the CWA Final Course .My mail ID is t_shinde777@yahoo.co.in OR t.shinde777@gmail.com

Thansk
Tushar S Shinde

Usually during the audits of companies as per Companies Act, we come across areas where the statutory compliances (with regard to IT, VAT, Service Tax etc) are not complied with OR complied but with errors.The VAT returns if wrong cannot be revised after 6 months. Same is with the case of Service tax returns also ( 1 year) How do we report these things in the audit report to the members of the company.

For tax audits, if the statutory payments are not made, the expenses will be disallowed. Is this applicable for VAT & Service tax.