what is the proceedure to be followed in
case of noticing financial irregularites
during audit of societies under MCSAct
& the illegal use of auditors seal by the mg. committee to stamp the documents without approval.

if an enterprise wanted to shift their office building to a new building, and the new building(under construction) was owned by managing director of the enterprise.
My query was whether the enterprise booked this construction expenditure in the enterprise books of accounts(rent is paid by the enterprise) or is there any other treatment for this

hi,
i have a little problem in capitalizing an asset.during the financial year the company had purchased a mobile phone for Rs.19500 and the amount had been charged through telephone expenses and the company has paid F.B.T for the amount too.what should be done now?

One of my gross commission is Rs.12.00 lacs. When his are to be audited under Section 44AB considered as that he is a professional. LIC itself is doing business , but how we say that he is a professional. Please clarify.

Sir,

i want to know if dta on losses for previous year is not done.. than in current year what to do....

Plaease provide information about non-applicability or exemption from following Certain Accounting standard for Micro,Small & Medium Sized Company.

Is AS-15, As - 18 & AS-22 applicable on SMC.

Wht is the implication of negative cash balance on any day on the financial statements and as an auditor what should be the recommendation to the client?

Clause 17A of form no. 3CD mentions about inadmissibility of interest u/s 23 payable to SMEs. But the same can be claimed u/s 43B of the income tax act, 1961. So what is the relevance of introducing this new clause?
Is there any specific requirement to introduce clause 17A in form 3CD?

There is a company where the name was approved by the ROC and the director of the company incurred expenses in the approved name but before the date of incorporation of the company. What will be the treatment of the said expenses? Show we debit in the profit & loss a/c or be capitalised as goodwill or some other place.

IF A PARTY GAVE ONE CHQ.FOR RS.100000 AND DEPOSITED IN BANK AND BOUNCED. WHILE PASSING THE ENTRIES RECIPT OF CHQ. IS BANK A/C DEBIT & PARTY A/C CREDITED.

WHILE CHQ.BOUNCED SHALL I PASS THE PAYMENT ENTRY OR JOURNAL VOUCHER KINDLY CLARIFY

THANKS®ARDS