My salary income is 3.80 Lac. During the financial year 2017-18 in F & O trading I bear a loss of Rs. 39,80000/- and gain profit of Rs. 38,20,000/-. Means total turnover u/s 44AB is Rs. 78.00 Lac and net loss of Rs. 1,60000/-. Please suggest whether I will be liable for audit due to 44AD or not. Please

I'm doing audit of a school which is formed by a trust and therefore all the income and expenses of the school are merged in balance sheet of trust and one income tax return in the name of the trust is filed.
What will be the TDS provision on salary of school staff.
And please advice any special thing to check in audit of such school.

Have got an assignment of a Education Trust audit, please help me with the statutory compliances need to check as most important for trust, need a checklist and a format to present the findings if any.

Dear Sir,

We have a labor contract taken from agencies. We paid wages along with ER contribution of PF and ESI to agencies. Observed, some labors PF and ESI amount not remitted properly to the government due to UAN / Aadhar / Date of birth problem. moreover, before registration some of labors are quit from the agencies. ( worked one or two days ).

We have a buyers Audit. They requirement to PF & ESI should be match with agency statutory remittance. Every month , we are facing the problem due to above issues.

Pl. clarify and how to ratify this issues ? How to manage the buyers audit.? what about Non remitted amount ??? Rules what says ? URGENT. Pl. HELP AND REPLY.

Is tds deduct on vatable invoice if yes please give explanation
Please sir give me reply as soon as possible..

Can internal auditor demands working papers(prepared by the accountant) from the employee of the company.The Case is that the accountant has provided all the information and explanation that is demanded by the Internal Auditor but the Internal Auditor also demanding the workings formats (Excel Sheets and Handmade working of the accountant) of the accountant for his documentation.Can he demand so? Because he Intends to use that working formats for himself in other engagements.Actually I am dealing with the Internal Auditor who is demanding my working formats that i had prepared for me and I dont want to provide the same to the auditor.However I had provided all the necessary informations and explanations to the Internal auditor.plz provide your valuable suggestions.

Kindly clarify provision of companies Act and income tax act , where father is the director of a college registered under religious trust and his son is appointed as a statutarry auditor of the same college,the college is run by a governing board where the director signs the financial statements.

What shall be the accounting for dividend paid in excess of that proposed for the last year?

Can it be shown as exceptional item?? or under reserves ?

Suppose, audited financial statements are not adopted in AGM and even in adjourned AGM then what will the responsibilities of the auditor, it is sure company has to file unadopted FS to ROC unitl FS are adopted but even in the adjourned AGM FS are not adopted by members then are there any obligations for the auditor to comply or whether the auditor is free after issuing the Audit report??

i want to know whether autitor is reuired to keep book of account of client in his own records