Hello,
I have to carry out the audit of 2 wheeler dealership firm.(Partnership firm)
PLZ suggeest the areas to audited.

Should we have to include prov for bad debts and foreseeable losses as contracat costs for the purpose of arriving at the Percentage of completion.

Can anyone please clarify whether an Indian pvt company which fulfills the first 4 conditions to be considered as as an SMC and which is a subsidiary of a US listed company would be considered as SMC or Non-SMC for the purpose of applicability of AS as per Companies AS Rules 2006.(Based on 5th point in the definition of SMC).

What would be the impact if we do not affix Revenue Stamp on Cash Voucher whose amount is exceeding Rs.5000...

what are the type of expenses admissible under guest house expenses? and what are the expenses not allowed as guest house expenses?

can you pls provide me with the checklist required of audit compliance of listed company as soon as possible.

Whether a ACA can empanel on C & AG.

Passed CA in August only.

If the TDS is not deducted on int. on FDR for the first two quarters as the threshold limit was not exceeded, whether the TDS on int. is subsequent quarters when the exemption limit is exceeded should be deducted including the earlier escaped amount of interest.

Dear Sir,



Kindly advice on the Computation of the Deferred Tax for the following case:

Particulars

Amount (Rs.)

Profit as per Profit & Loss Account
790.00

Add: Depreciation under Companies Act
25,069.00

Less: Depreciation under Income Tax Act
59,904.00

Taxable Income
(-) 34,045.00

M A T under Section 115 J B


Profit as per Profit & Loss Account
790.00

Adjustments
NIL

Book Profit
790.00

M A T @ 10.30%
81.00








What would be the Deferred Tax for the year?



Thanking you.

Yours truly,

Srikanta Adhikary

plaese suggest a internal audit report format in word / excel for the preparation of the final report ?