with due respect sir, i want 2 say that earlier u have provided us the important question of IT which has really helped a lot...so i request u sir please show us the milestone for success by providing us the important questions of audit..

Dear all, On what basis did they numbered standards on auditing? Any logic behind that? Is there any easy way to remember the entire thing?

Can anyone please advise whether there is a statutory requirement to get the signature on the revenue stamps affixed on cash payments made to staff against salaries etc.If yes, what is the monetary limit for the payment which reqiures affixing of revenue stamp.

Thanks,

P.C. Joshi

Firm collecting money on behalf of his bike customers and paying to the bike supplier without any sales or purchase bills respectively and only collecting money on behalf of his principal .. no vat tax etc collected or paid and directly transfer and bills to his customer .. which amount is to be taken for turnover .. whether the difference between money collected and paid or to be shown as direct sale or purchases in his books ... and penalty u/s 271 B applicability on which amount .. whether gross receipt of amount or the difference ?

under caro 2015, turnover limit was calculated by: 1. deducting trade discounts 2. sales tax/ excise duty shud be deducted 3. sales return should be deducted 4. commission to 3rd party shud not be deducted now whether under caro 2016, the same criteria will apply for the calculation of turnover??

SIR

PLEASE LET ME KNOW THE DIFF. BETWEEN PARTNERSHIP FIRM & LLP

If a company does not calculate and provide depreciation as per new format as per companies act 2013, is it mandatory for the auditor to qualify in his report?

Dear Folks,

Is it mandatory to have separate auditor for the IFC or can be done by the statutory auditor himself. If so please explain the procedure.

Thanks

Whether audit done whose turnover does not exceed 1 crore but has profit below 8% are also considered in calculation of 60 audits?

Dear Sir, any Share transaction is crossed more than 3 cror in the FY 2015 - 16. this is comes under tax audit. if any charactered accountent is required. please tell me sir