MY QUERY IS, A PVT. LTD. CO. WHOSE AUDITOR HAS BEEN EXPIRE APPOINT ME AS AUDITOR IN JULY'09, WRONGLY WE HAVE NOT FILE THE FORM 23B IN ROC, IN THIS SITUATION PLEASE TELL US THE PROCEDURE FOR FILLING THE FORM 23B OR PENALTY IF ANY FOR LATE FILLING FORM 23B.

THANKS

CA M.K. JAIN

Under CARO a registered is required to maintain u/s 301. So, What is that register & what are to be written in that register.

How to calculate maximum amount involved during the year in case of loan taken/granted ?
Eg: If A ltd has taken loan from 3 directors.Whether maximum amount of each director will be added to come at maximum amount involved during the year ?

OR

maximum amount on a particular date during the year should be considered to come at maximum amount involved during the year ?

M/s A & Co, Chartered Accountantants, is getting statutory audit fee if Rs.2000/- . Can he get for rendering other services fee of Rs.3000/- from the same client.

Dear sir
Can u pls. tell me whether SEBI is bringing any proposal for internal audit activities to be carried out by Statutory auditors in stead of internal audit employees in an organisation.If so,

i)what is the ramification of such proposal.

ii)When it is going to be effective.

iii)What will happen to existing internal audit department staffs,qualified as well as unqualified.

iv)Will the existing permanent IA employees loose their jobs in the organisation

Thanx and regards
S.K.majumdar
Asst.Manager(IA)
Internal audit

pls help whether ass will apply in nov 09 exam or standard on auditing what we have to write ass or standard on auditing

hello sir,
can i use any costing technique while doing the statutory audit of a factory of a FMCG company?

Whether Tax audit report can be issued in case where statutory audit is not conducted and statutory audit report is not issued because of non accptance of accounts by BOD. If yes then tax audit report should be in Form 3CA or 3CB. Please reply ASAP.

Thanks in advance.

UPTO SEPTEMBER THE PERSONIS SALARIED EMPLOYEE AND FROM SEPTEMBER ONWARDS HE STARTED HISOWN PRACTICE.AND HE IS ELIGIBLE FOR TAX AUDIT. SO,
1.SHOULD WE PREPARE THE BALANCE SHEET FROM 1ST APRIL ONWARDS OR FROM 1ST SEPT.WHEN HE STARTED HIS PRACTICE.
2.IN 3CD ANNEXURE II IS IT NECESSARY TO FILL UP THE PRECEEDING YEARS FIGURE AS TAX AUDIT IS APPLICABLE FROM THIS YEAR.
REPLY

Dear Experts,

A company has been registered in December 2008 and the business was not started in the FY 2008-09. Do they require to file audited books of accounts with CLB for the FY 2008-09 or they can extend the first financial year upto 31st March 2010 and file the books for the entire period. How do they go ahead in second case with IT Act. Do they reuire to file nil return for the AY 2009-10?