hello,
pls tell me whether anyone had followed surbhi bansal notes for audit and given/passed the exam pls tell me what was the confidence level and satisfaction level.
i had the latest book of surbhi bansal and i am planning(actually read a few pages) to go for that book for exams.
pls suggest, all suggestions will be valuable and helpful in the much needed context.

thank you

Dear Experts ,

I am in the finalisation process of an educational institution

. They have debited a lot of expenditures on there building as building and maintainence a/c (Dir Exp) and under some other expense heads. My query is that upto what limit can be treated as expenditure and above what limit should be capitalised ? What is the crieteria for that ?Is it related to amount or nature of expense?If yes what is the criteria Kindly help...

Also please let me know the depreciation rates of Xerox machiene and Water Purifier.

In one of my client which i was doing Tax audit,
i used to see lot of expense booked under the head Business promotion.
it is nothing but the under-table expense, Bribe given to various government authorities including IT Dept.
The question is
these expenses do not have any evidence, formally we have to disallow.
However, whether they can be treated as gift given to a person associated with the Company?
THANKS A LOT IN ADVANCE.

Sir,

for selecting samples there seems to be some logic However, i am not aware of that can anyone please tell me what is the logic/formula under which a sample be selected.

It may be for Cash vouching, bank, journal, purchase or any other else.

THANKS IN ADVANCE.

what are the companies notified under Sec 194A which does not come under the specifically mentioned category
u/s.194A(3)(iii)(f)

can anybody tell me whether we should mention the amount of loan taken or repaid during the year even if the transactions are dealt with account payee cheque/draft
thanks in advance

For which type of entity, internal audit is compulsory.

Do we need to consider interest paid while disclosing the amount repaid in clause 24b of form 3cd u/s 269T?

pls tell me how i start to do audit i have not do any audit till now pls help me about this

hi.. as per schedule VI there is requirement to show debtors outstanding for a period exceeding six months....my question is how to classify such debtors..?? is there any way to find it in tally ??