The exchange rate fluctuation in relation to foreign currency loan for projects under construction to the extent interest cost adjustment is capitalised and the treatment of excess over interest cost differential is given as per AS-11.

My query is that if the company gets benifit of exchange rate fluctuation in relation to foreign currency loan for projects under consturction should reduce the cost or credited to profit and loss account. Schedule VI does not allow decapitalistion of CWIP or assets under consturction. Please expiain the above.

WHAT IS CAPITAL ADEQUACY NORMS IN CASE OF BANKS?CAN ANYONE TELL ME IN SHORT ABOUT IT????

WHAT ARE THE NBFC'S? GIVE ME EXAMPLE'S OF ANY INDIAN NBFC'S???AND ALSO TELL ME INDIAN MUTUAL BENEFIT FINANCIAL COMPANY,MUTUAL BENEFIT COMPANY,AND MISCELLANEOUS NON-BANKIBING COMPANY NAMES?

Sir i had done tax audit of a firm of F/Y 2008-09. Now due to some excise related problem, i want to reverse claim of depreciation. Can i do so? Can i change balance sheet and audit reort? only want to add a note in audit report.
Please revert.
Thanks

is cooperate body n body corporate r one n the same thing or der is difference between them n last company is body corporate or corporate body

An Individual Proprietorship concern covered under tax audit during year 2009-10 engaged in Electrcal contract works.
Also the proprietor is a director of a Private Limited Company in which he is having Shares of Rs.1300000/- & getting Remuneration of Rs.700000/- from this company. Further business transactions are also made during the year under audit & showing of Rs.3572152/- as Debtor in B/S of Concern from the said company.

What's disclouseres to be made in audit report from audit point of view as well as tax point of view.

I HAVE SOLD GODOWN ON DEC2009 OF RS. 3000000, STCG OF RS. 1494020, OWNERSHIP IS NOT TRANSFER TILL 31-03-2010, ( SALE AGREEMENT MADE ON 30-04-2010)

whether STCG TAXABLE IN A.Y. 2010-11 OR 2011-12 , HOW I WILL RECOGNISE STCG IN BOOKS OF ACCOUNT AS ON 31-03-2010

Respected Sir,

If you have Soft Copy (in MS-Word or MS-Excel)of Audit Report under bombay Public Trust Act, 1965, plese provide me.

Regards

sir plz mujhe help karo mein apna roll no bhul gaya hu aur mujhe hall ticket bhi nahi mil raha hai... plz help mera naam hai SHAIKH MOHD ASHRAF ALI aur reg no hai WRO0236444 aur main PCC MAY 2010 mein exam diya tha

Can I do Internal audit of co-operative housing as aprt time pratice. Or I have to take permission for CA Institute. What is advatages of doing part time pratice.

Regards