Whether purchase is counted in "sales, turnover & gross recipts" as per income tax act for determing 40 lakhs limit?

what is the definition of "Turnover" as per income tax act? does it include purchase also?

pls tell me wts will be the responsibilities of an auditor/CA (External) while auditing the books of pvt.ltd.co., mean what things they expect from an auditor

Hello expert,
1) What is the diff. b/w tax audit & statutory audit?
2)to whom is tax audit applicable?
3)for a Pvt. ltd. company are both tax & stat. audit applicable?

thanks.
kirti

can any1 provide me the file related to HR audit.

Thanks

what should be checked other than grants.. in the ngo audit...in the short period....

We are division of listed Entity having presence as Private Limited Company. We have appointed XYZ & Co. for last F.Y. 09-10 as Statutory auditor's for performing audit and signing Audited Financials, which are signed as on date.

My query is can i appoint ABC & Co. for doing Tax Audit ( other than Xyz & Co. ) for F.Y. 09-10.

Pl confirm under which section its specified that for last f.y. i can change my auditor for doing tax audit or else Xyz & Co mandatorily needs to tax audit for f.y. 09-10

What isthe criteria for audit of speculative business in commodities?

Please reply fast Its urgent

can an asset registered under a director's name be considered as fixed asset for the compaany.

Hi
Repested Member

Can any one tell me?

I am filing return of construction business of a party in my office.

In profit and loss account they disclosed 1 crore exp. in constrution site during the previous year.

And none income is recognised and such 1 crore exp. is net loss.

So what to do for recognised income, because according to matching concept this is not right and what method to apply for recognised income.

And construction is still continue.

And deposit received against 10 flats is shown as current liabilites.

And also capital a/c showing negative balance i.e. repayment of capital by bank account.

Thanks in
advance sir/madam

We are division of listed Entity having presence as Private Limited Company. We have appointed XYZ & Co. for last F.Y. 09-10 as Statutory auditor's for performing audit and signing Audited Financials, which are signed as on date.

My query is can i appoint ABC & Co. for doing Tax Audit ( other than Xyz & Co. ) for F.Y. 09-10.

Pl confirm under which section its specified that for last f.y. i can change my auditor for doing tax audit or else ABC & co. mandatorily needs to tax audit for f.y. 09-10