Dear All, Is there any specific format available for Concurrent Audit report of FFMC,
If so can any one provide the same... If not then plz provide me the specimen of any report
and plz suggest me is there any Guidance note on Audit of FFMC
Thanks in Advance...

Whether rent agreement made on green legal paper and not on stamp paper without registration considered a valid document for the purpose of audit?

Our client has a lot of balance outstanding under head "bonus payable" and "salary payable". I actually had to know how long the employer keep the balance as outstanding in their books. It would really be great to know the act (if any) applicable to it.

Sir,

Please help me, I have lot of confusion.
Sir what I am telling my business Firm (partners ship firm)

The total turnover 10,00,000 the declaration U/s. 44AD. Presumptive basis 8% Rs. 80,000/- Book Value
Next 1,50,000/- paid remuneration (correct or wrong) please explain,

And second (after book profit >1,50,000-80,000=-70000) it is loss my opinion

Loss on business audit will applicable, book profit 80000 or 70000 loss, clarify audit applicable yes or no (clarify)

* Remuneration calculate method
* consider profits of firm Audit profit or loss time


Thanks
Santhosh

Sir/Madam
A person having Sales TO above 1 C and less than 2 C and his net Profit is above 8% hence he need not to file audit Report u/s 44AB but my querry is that he has to deduct tax or not as per applicable provisions of the Act since TO is above 1C

sir/ madam
i have to submit my audit report for professional bussiness, so kindly let me know which audit report i have to submitted .

thanking you

ishfaq ahmad

I have received a summon from the income tax department under section 131(1)/(1A)/37/36. They are asking me to submit the detail of investment and source thereof in bitcoins for the past 6 years. I have not been working for the last 3-4 years and my family is supporting me. I am not sure what to do in this case. Can someone help please.

Thanks,

Hello sir,
I am a cost article and I am doing internal audit of a manufacturing industry on particulars points so please suggest me on followings points;

Related party transaction of Semi-finished foods, raw material consumed and bought of product.
Transfer pricing

There is a hospital running under the trust registered u/s 12AA of income tax act.have some cash payment for amount exceeding 10000.is section 40a(3) applies to it?if Yes,then what actions to be taken as an auditor?

Hello, an Auditor missed a disclosure on SBN Notes ammended vide notification number gsr 308(e) on 30th march 2017, under the Companies Act, 2013 notified by MCA. The Financials and audit reports have already been filed for all the companies. Can anyone let me know what are the consequences of these and what can be the remedies to rectify the same?