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?

Suppose I have to do a Statutory audit of a company then what are the procedure or process i have to take to complete this task.Reply as soon as possible.also in case of tax audit.

the client has 3 businesses, ALL IN THE PROP. CAPACITY.

the turnover of the businesses is as follows:

1. 32 lakhs

2. 2.5 lakhs

3. 11 lakhs

sec. 44AB is applicable as the total turnover exceeds Rs. 40 lakhs

NOW THE QUES. IS

WHETER THE TAX AUDIT REPORT BE PREPARED FOR ALL THE THREE BUINESSES INDIVIDUALLY
WILL THE ANSWER BE CHANGED IF THE TURNOVER OF 1ST BUSINESS IS 42 LAKHS. IN SUCH CASE, WHETHER TAX AUDIT REPORT BE PREPARED FOR ALL THE THREE BUSINESSES.

PLS REPLY SOON, THANKS IN ADVANCE