a manufacturing company has purchased fixed asset and is not capitalising the taxes like vat, cst , excise duty etc.

is their this policy right?
is vat / cst/ excise on Fixed Asset refundable

can a partner of a ca firm in practice become the Satutory
Branch Auditor of a PSB in his individual
capacity, or in the name of his proprietary firm in case firm in which is
partner is the SBA of another PSB.

Please clarify as to the auditing standards that what is to be refered whether AAS or the new SA's please tell me the effective date

Many Chartered Accountant firms in rajasthan have been informed of the allotment of Bank Branch Audit for the year ended 31.03.2009.However we have not received any communication from any bank though our firm name also appear in the panel released by ICAI. We would like to know whether there is any way to know if we have been appointed branch auditors of any of the PSU Banks for 2008-09.

Is raising an invoice a prerequisite for recording Income. A Company, as per agreement, has recorded revenue in March, however the invoice was raised in April (thus 2 different accounting years). The Company has applied the provisions of AS 9 and all the risks and rewards are transferred to the purchaser but invoice was not generated. So keeping in mind the concept of Substance over Form, is the recording of Income correct. Will the answer differ if there is no agreement.

what are the doc to be verified for export sales...???

I want to discuss a problem that if a person handles the tax matter of a company during 11 a.m to 2 p.m of every working and by doing that he get Rs. 25000 per month. In upcoming AGM the company wants to appoint him as an statutory auditors. Will he laible to work in the shoes of statutory auditors?

Dear Sir

Could you please explain me what is the objective of internal, statutory and tax audit?

Thank you

A COURIOR COMPANY HAVING GROSS RECEIPTS FOR THE F.Y 2008-2009 IS RS.15,00,000/- AND TDS DEDUCTED BY THE CUSTOMERS OF THE COMPANY IS RS. 40000/-. WHETHER TAX AUDIT U/S 44AB IS REQUIRED OR NOT?

A COURIOR COMPANY HAVING GROSS RECEIPTS FOR THE F.Y 2008-2009 IS RS.15,00,000/- AND TDS DEDUCTED BY THE CUSTOMERS OF THE COMPANY IS RS. 40000/-. WHETHER TAX AUDIT U/S 44AB IS REQUIRED OR NOT?