Whether payment is made to R.T.O.in cash more than 20000/- disallowed? Under which authority is covered ? Is there any specific provision under I.T.Act that payment made to R.T.O. for more tahn Rs.20000/- in cash not disallowed ?
Pls reply this is urgent sir

Dear Experts,
i wanna know that if a person carrying a profession/business n his gross receipt from dat profession is Rs 9/Rs 39 lac & he is carrying another profession/business n da gross receipt from dat profession is also same i.e., Rs. 9/Rs 39 lac, is he liable to Audit u/s 44AB.
Plz clarify with example,if possible

Thanks in advance

Please provide me the vouching process or checklist for Doing the Sales(central and local) and Purchase(central and Local).

I want to know what are the
Documentation that has to be check for loan advance in bank audit?

if Co.ABC has invested Rs.75lakh on May,09 as a debenture application money in it's group company, and has received back from them on Jan,2010. (i.e. during the year it self)
The ABC co. has shown this transaction as Investment in it's Books of accounts.
and no income is generated on this investment.

query:
whether above transaction covered under sec.372A i.e inter corporate deposit or in any other section of co. act?

since as per my judgment it is just manipulation of accounts.

i am appointed as a audit clerk for a concurrent audit. But have no experience in it. from tomorrow onwards i will go for it. any can give me some tips about concurrent audit? what are all the documents should i ask the bankers? what type of documents should i verify, how and what is the supporting papers for that?

Hi,
I have a doubt relating to professional ethics of CA's. I will explain it with an example. AB and associates is a firm of Chartered Accountants. Mr.A signs the audit report of few clients for example x pvt ltd. Here Mr.A retires from the firm and starts his on sole proprietary concern named A and associates. Now he signs for the audit report of x pvt ltd under his new concern name A and associates. Does nt he need to communicate to the old firm about this as the old auditor is AB and Associates. If he does nt communicate will it lead to professional misconduct as the new auditor needs to communicate to the old auditor who had signed the report.

Here my doubt is as Mr.A himself signing in both the cases, is he exempt from informing to AB and Associates.

Since he is taking one of the clients from AB and Associates which belongs to it. It becomes a professional misconduct. So he is Liable to communicate it to AB and Associates. Is'nt it?

Please let me know.

If An Indian co. having subsidiary outside India, e.g. In USA, while consolidating is it necessary to convert the subsidiary accounts from US GAAP to IGAAP & get audited in India again,Please also let me know the necessary documentation.....

Hello Experts
I m a pcc student and have been failing in audit for the previous two attempts. please suggest me some good book from where i can do audit.
Thanks

There is the limit on the total number of Company audits u/s. 224 (1B), I would like to ask whether the Audit of a NON PROFIT MAKING COMPANY will be counted for the purpose of Ceiling under above mentioned saction.