Can anyone guide me as to how to do audit using computer?is there any software available through which statutory and tax audits can be done?i would like to know how the big auditing firms are conducting statutory and tax audits coz big companies have big volumes and to physically vouch and tick everything becomes a tedious job.so what is the methodologh and audit plan these firms are following and how they take care of the legal compliances?Some people say that excel can be used for audit but MS Excel merely hepls in data analysis.Kindly guide me on the same and please suggest some audit software names that can be used to audit data of tally

hi i want to know what is the differance between the transportation cost and freight

We are STPI company and claimed 10A benefit in last year.

There are some expenses claimed in last year & reversed in current year. Auditor has asked to reverse it as Other Income. Our problem is if we show as other income then we can't include in business income to claim 10A deduction becuase, in general, other income used to take out from business income and offered to tax under other sources head.

for us tt is better to not to claim provisional expenses so income get increase and claim 10A benefit rather pay 30% on reversal of expenses which were actually not paid by the company.

What should be the remedy,can Co. claim 10A benefit on reversal of expenses i.e. show that exps reversal in business income? Any supporting case law is available to satifsy audior?

Please help.


Regards,
Mehul Dedhia
mehulddedhia2002@yahoo.com

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