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expenses on internet connection.what is the sutable accounting head for it
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As per Amendment , wef from 30-03-2016 AS 10 & AS 6 is substituted by AS 10 as Property,Plant & Equipment. Do will Depreciation will be charged under AS10..?
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PL. PROVIDE THE PROCEDURE OF VALUATION OF INVENTORIES AS PER INCOME TAX ICDS
AS PER MY OPINION COST OF INVENTORIES INCLUDE COST OF MATERIAL + CENTRAL DUTY+CENTRAL TAXES.
LOCAL VAT ETC. NOT INCLUDED IN COST OF INVENTORIES
PL. SUGGEST ME
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According to CBDT Notification ICDS is applicable to client.If there is no changes or deviations in Accounts and ICDS points I to X,then whether it is necessary to make any disclosure in audit report or can we leave it blank or can mention in it as not applicable. Please clarify me? I am unable to understand what we have to report under Clause 13(f) of Form 3CD of Revised Form Tax Audit. A Clear guidance in this regards is also not available. Detail suggestion required
This Query has 2 replies
According to CBDT Notification ICDS is applicable to client.If there is no changes or deviations in Accounts and ICDS points I to X,then whether it is necessary to make any disclosure in audit report or can we leave it blank or can mention in it as not applicable. Please clarify me? I am unable to understand what we have to report under Clause 13(f) of Form 3CD of Revised Form Tax Audit. A Clear guidance in this regards is also not available. Detail suggestion required
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Kindly suggest me the disclosures which are necessary to be made while making 3CD for the A.Y. 2017-18? WHATS IS TO BE WRITTEN IN DISCLOUSER IN FORM 3CD IN ICDS 1 - DISCLOSURES ICDS 1 - DISCLOSURES ICDS 2 - DISCLOSURES ICDS 3 - DISCLOSURES ICDS 4 - DISCLOSURES AND SO ON
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Hai,
Query: What are the external and internal audit evidence available for verification of the amount of brokerage income of a company involved in the business of trading in commodities on behalf of its clients.
I hope my query will be solved.
Thank you.
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What are specific disclosures that are required as per clause 13(f) of the revised Tax audit report. Is there any specimen report ?
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Dear sir
If an individual engage in coca cola distribution business and his turnover less then one crore but his total income less then exemption limit (200000)
But income 1.0%-1.5% only
Now question that person liable to audited accounts or file returns compulsory
Otherwise not require return & not maintains accounts
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Kindly solve my query
Can bank give fixed deposit maturity amount in cash to customer? If no then according to which section?
Thanks in advancr
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Expenses head