Pl let me know whether surcharge and edu. cess on TDS deduction is abolished w.e.f. 1-10-09 or immediate effect i.e. w.e.f 1.4.2009 ?

example sec 194c - tds rate is/was 2% + 3% edu cess = total 2.06%. This was old rate . does it continue till 30/9/09 ?

whether permission of central govt to be taken if no auditor is appointed by private company in AGM or what procedure is to followed

What we mean by Memoranda of change with respect to bank branch audit ?

The PF Trust Fund has to invest its monies as per certain rules. Can any body please provide the details of the same?
Thanks

To my knowledge there are following changes in new 3cd report , namely,
1)clause 12A deleted
2)clause 17(h)(a),(l),(m) deleted
3)clause 25(c) deleted
4)clause 17A inserted
5)clause 21-point II inserted
6)clause 27(b) changed.

plz confirm above changes.

can anybody specify the changes in new 3Cd report compared to old 3 Cd report ?

Hi all,

As per IFRS depreciation is to be provided to the assets on component basis if that component is material..Is this component depreciation is optional or compulsory..Pls help on this..

Thanks in advance

Hi,

if i want to convert our profit & loss account and Balance for consolidating with our parent co.s books (which is in US) what exchange rate i need to take for.

1. Profit and Loss Items.
2. Balance Sheet Items.

is any AS having information about it???

Regards,
Nazir

Is voucher and bill the same?

Should i attach the print out of the entry passed by me in an accounting software say tally, and attache it to the bills.

Or bills itself is a voucher?

Thanks in advance

Jaison

my client Mr.X [an individual] has -2- business:
1. production of cloth [proprietary concern] - turnover p.a. rs.35 lakhs.
2. truck hiring business [proprietary concern] - presumptive taxation optrion availed - turnover p.a. rs.10 lakhs.

now as on 31-03-2009, for computation of audit limit u/s. 44AB business no.2 will be considered?
will x be subject to audit for AY 2009-10?