pls tell me that which type of party covered under sec. 301 of co. Act. and while reporting for loan taken from party cover under sec. 301 is it compulsory to report the transaction done with those party.whether loan from directors are covered under 301.

two company in which one is pvt ltd and other is ltd company made an AOP for a work contract. in which pvt ltd company is providing tech. consultancy and ltd financing and selling the material also some traction also done i.e. payment for some time and recevird again to the AOP. so plz tell me what should i show in from 3CD u/c 269T, 269SS & payment to specified person u/s 40.

whether both comapny is the sister concern of the AOP.

hi,
i wanted to know if in a real estate company (private company) can they receive any amount in cash towards sale of land...? is there any notification or circular for the same..

Hai to all,

The company has paid RS 50,000 for drafting and modification of share agreement.Should it capitalise or charge to revenue?

two company in which one is pvt ltd and other is ltd company made an AOP for a work contract. in which pvt ltd company is providing tech. consultancy and ltd financing and selling the material also some traction also done i.e. payment for some time and recevird again to the AOP. so plz tell me what should i show in from 3CD u/c 269T, 269SS & payment to specified person u/s 40.

whether both comapny is the sister concern of the AOP.

Can the auditor sign the audit report of the company, the director of which is in full time employement in the firm in which the auditor is a partner?

mr. X sold goods to Y. freight charges on goods are to be borne by the seller but actually the freight are paid by the purchaser. so, mr X credits Y's a/cs in our book and debits freight expenses.If freight charges require to deduct tds than who has the liability to deduct tax. mr y who has made the payment to transportation co. or mr X who has to actually records the exp.in his book?
plz reply , its urgent....

1)How is Internal Audit different from Statutory Audit apart from the fact that the scope of internal audit is determined by management whereas statutory audit is done mainly to give his opinion on matters mentioned u/s 227 of companies Act.

2)Also please let me know how auditor’s approach changes in conducting the above two audits.

Kindly answer question wise.

Please keep the query open to enable other experts to express their view.

Thanks.

Is there a difference between a bill and an invoice? If yes, what is the difference?

a company is maintaining books on mercantile basis and entry for payment for bonus, gratuity,leave encashment are accounting on cash basic what is the auditor's responsibility. is it sufficient to disclose in notes on account that these expenses are accounted as and when paid.