Hi,

I have a query on provident Fund deduction for contract emolyee.
As there is no any consutancy, there is employer & employee relationship but still the provident fund for ontract employee is not deducted. So can someone guide me whether it is necessary to deduct the PF for contract employee in above situation or not?

I Want Note on Caro

Dear sir,
An Associate member of the institute who is in full time employment, fix a name board in his house, his name with Chartered Accountant below. Whether a CA in full time employement can fix a board like that? whether it is guilty of professional misconduct?

X SOLD GOODS TO Y IN THE MONTH OF MARCH FOR WHICH BILL WAS ISSSUED TO Y FOR RS.1 LAKH AND THE PAYMENT WAS MADE BY Y IN THE MONTH OF Y.

2.Y IS FOLLOWING CASH BASIS WHEREIN THE AMOUNT PAID WAS RECGNISD IN THE YEAR OF PAYMENT?iS THE TREATMENT RIGHT?

Is it permissible for a person who is himself a CA and a partner of an audit firm, to serve as a professional consultant in his individual capacity and receive professional fees, from a Company, which is being audited by the same audit firm where the said individual is also a partner, on the plea that the audit firm is a different legal entity from the individual ?

1.Can we carry on both tax audit and statutory audit for an organsiation?

2.The major issues to be considered while carrying on the statutory audit?

3.While carrying on the statutory audit if we come across the tax related issues such payment made in cash exceding Rs.20000 and tds related issues how should we consider it?

May i know which one is the best material to
study for Audit in PCC May 2010
attempt??


Please tell me as soon as possible.
Hoping for a better than the best reply
from all the Experts!

Do we need sign of chartered accountant on form no.2 for applying mebership no.
2.If i didnt get attested on PE-II certificate is it ok.

Thanks in advance.

Can you please refer me the book for Company Audit (Statutory and Internal audit)

Respected Sirs,
I have a query regarding Tax audit:

"A client whose total turnover is Rs.89 lacs in PY and get his account audited with a Chartered Account, but he not file the return/report till now. Is he liable to paid penalty u/s 271B?"

Please suggest.