Dear Sir,
I wanted to know the exact defination of turnover of Clearing & forwarsing Agents Turnover for Section 44AB,as we are accunting the receipt & payment as direct income & Direct Expenses n its goes to Cr
so please tel me exact defination

As per First Schedule Part I, Clause (4), Can a practising member enter into a Partnership with any person resident abroad. Which institute's qualifications are recognised by the Central Govt or the council for the purpose of permitting such partnerships.

Helli sir,

I have an assignment to conduct internal audit of a stock broker. The scope of audit will include following
1. the existence, scope and efficiency of the internal control system,
2. compliance with the provisions of the SEBI Act, 1992,
3. Securities Contracts (Regulation) Act 1956,
4. SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992,
5. circulars issued by SEBI,
6. agreements,
7. KYC requirements,
8. Bye Laws of the Exchanges,
9. data security and insurance in respect of the operations of stock brokers/clearing members.

Can you pls provide some guidance as to how can I proceed or where can I get a literature on requirements of above laws for stock brokers.

Thanks in anticpation.
Pooja

What is leave encashment? Why provision is required for the same in books of accounts.

name of new aas applecable or not

would any expailne to me Deferred Tax by way an example


thank

A co. already carrying on business starts a new project which will take more than 2 years.
Co. has started the project & incurring expenses but no revenue is generated whether it is feasible to charge all the expenses from profits of other business.

Is any text availble in this respect with conditions, if yes please let me know.

A co. already carrying on business starts a new project which will take more than 2 years.
Co. has started the project & incurring expenses but no revenue is generated whether it is feasible to charge all the expenses from profits of other business.

Is any text availble in this respect with conditions, if yes please let me know.

In case of Tax Audit U/s 44AB whether in addition to report in Form 3 CA/CB we are required to issue Statutory Audit Report if we are statutory auditor's as well.

That means audit report under 3 CA/CB is only tax audit report.

Dear Sir

We the company is providing CAD/CAM Activity in relation to engineering services for the automobile sector
with the help of License Software taken
on lease from the Vendor or purchase from
the Vendor.

Now what our client does, they use output
provided by us in the modification of
automobile.

Now my question is that
1. whether the activity being done by us covered under the Scientific & Technical Service head in the Service Tax act,1994 ?
2. Whether the activity being done by us
is can be classified as IT-Software ?
3. Whether the design & Drawing supplied
by us to the customer for utilised in the
manufacture & modification of Automobile can be classified as goods ?

Shatrughan