Dear Sir

I got job in Mutual Fund service provider company in internal audit section.

Please give me an ideal about that job.

with regards
Manikandan

I am enjoying cash credit faclity of Rs. 1 lakh for my partnership firm with business turnover of Rs. 20 lakhs involved in retail trade. Recently my bank asked for audited financial statements of my firm stating that now as per RBI circular any customer whose turnover is more than Rs. 10lakh and is avialing any advances from bank needs to get accounts audited.

Where as per Income tax act My firm is not required for audit as turnover is juts Rs. 20 lakhs? Can anyone confirm the has RBI issued circular to thath effect?


Regards

Divyesh

Dear expert,
what are the reports & forms submitted upon completing
1. Tax audit &
2. Statutory audit.

pls reply.

rgds.

In Annexure - I of tax audit report, in part B Sr. No. 16 says Tax provided/Paid in the books. My Query is that what type of taxes included there? Whether TDS is to be added or only advance tax or self assessment tax paid of the previous year or provision made during the year or all of this?
Please reply soon as possible

Dear sir,
A qualified CA who is in full time employment, started a firm with two of his friends as practicing CA's. But he admitted as a sleeping partner and share only profit or loss?
Query:
1. Whether he need a COP?
2. Is there any misconduct of all or any of the CA's by admitting a CA who is in full time employment?

Dear sir,

I want to know the presentation of share capitals schedule as per schedule VI of companys act. please give description of these shares:

3,33,000 (previous year) eq. shares of rs. 100 each fully paid up.
100000 New eq shares of rs.100 each paid up 50 rs. at a premium of rs. 400 each

how these shares would appear in ISSUES , SUBSCRIBED & PAID UP Share CAPITAL HEAD in schedule.

reply ASAP.

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