sir, i am dealing in purchase and sales of shares on delivery basis. if my sales exceeds 40 lacs then i have to audit. we have received three statements from our broker 1) contract notes 2)profit&loss account 3)ledger . by providing all these statements to my CA, audit will be possible or not. whether i have to maintain any accounts in addition to providing all the above statements or there is no need of it.

a proprietorship firm was under tax audit u/s 44AB (because his net profit was below 8% of turnover under costruction business {u/s 44AD}) in the previous year. whether it compulsory for him to deduct tds this year

audit of vouching is compulsory n every firm

Dear Friends,

Pls.tell me whether interest paid on late payment of TDS,VAT,Service TAx,or any others statutary dues, which is allowable expenses as per income tax act.? & under what section it is mentioned is it allowable or not?

Pls.reply my queries.

Regards,
Prakash Jasani

email id: prakashjasani_56@rediffmail.com

after making provision entry it is necessary to reverse

Before taking VAT Audit, is it required for incoming auditor to communicate with previous auditor as required under clause (VIII) Part-I, Schedule - I?

If any amount paid to purchase of foriegn currency in respect foriegn tour ahead.... and can club expenses treated as sales promotion expenses...? if club bill is paid for servises used for business guests...?

Is there any law whcih prevents Tax audit and financial cnsultancy by one propreitory company??

whether we can accept internal audit of a company where one of the directors or chairman is my relative ? if yes.. whether it has to disclosed in the report....

please provide me the accounting of depreciation on revalued assets
whether reduction is to be made on revuation reserve for dep on revalued assets etc.