Can anybody tell me how is Payroll audit conducted in a case of company having a large amount of employee. What will be the procedure in this case. Can anybody give me the audit prog in this type of audit.

Whats does the onerous contracts refers to??

THE ASSESSEE HAS ALLREADY GOT HIS ACCOUNTS AUDITED UNDER AN ACT OTHER THAN THE INCOME TAX ACT. THE OPINION OF THE AUDITOR U/S 44AB OF THE INCOME TAX ACT DIFFERS WITH THE OPINIONS/COMMENTS OF THE OTHER AUDITOR.
IN THIS SITUATION, WHETHER THE AUDITOR(appointed u/s 44AB) IS REQUIRED TO REPORT IN FORM 3CA OR 3CB??

Hello All,

My company has decided to cut the 10% salary of all employees, now the challenge is, those employees, basic salary is 6500.00, we have to deduct their PF is 780.00 but now their basic salary is 5850.00 so their PF is 702.00
But as per PF law you can’t reduce the Basic salary. Senior please suggest me what I need to do.
Thanks in advance for opinion.
With Regards
Ganesh Arya

My net turnover of sales Rs.38.00 Lacs
(Excl.Vat) if vat includes in sales gross turnover of sales becomes Rs.41.00 lacs.
In this case shall I liable for I.Tax & Vat Audit??????? Pls.help me.

Respected Sirs
we are Pvt Ltd company our AGM was held on 1st september2009 we didnt appoint a ca for the next financial Year 2009-10 whether we can appoint a CA at any time during the financial year or there is any specific provision for appointment of a CA

Is there any difference between statutory audit and tax audit ? who are liable for statutory audit ? is it compulsory(statutory audit) for every company(private as well as public)

A proprietor of Ladies Dress material has Two Retail Shops in the same area with Two differnt Shop names and Two different VAT Nos.Both the shops are dealing in same type of products.One shop is crossing the T.O. of Rs.40Lakhs and another is below 40laks(showing more than 5% N.P)
my query is, whether the books of second retail shop-which otherwise is covered under the provisions of presumptive tax-are also required to be audited U/S.44AB? or can it be covered under 44AF(4)
Can ITO take a stand that to avoid the provisions of 44AB becoming applicable to the second retail shop the assessee has preferred to split the same business in two units ?

Pls, tell me "Why 3CD is necessary to prepare and what is its use" Pls, tell me more about 3CD Annexure

Thanks with Regards
MANISH SHARMA

Dear Friend

A company has deducted TDS on Vat for a Civil contractor Bills Rased but the Civil Contractor has not Charges or Rased bill with Vat.Where Should I Account TDS on Vat In Current Asset OR as a Direct Expense and can the TDS of Vat can be clamed for Incometax

Please Say