If an expenses payable (eg Audit fee payable) appears in balance sheet for how many years it can remain due i.e payment is not received

If an employee earns more than Rs 10000 as salary but for example in any given month say May he has earned only Rs 6500 as he was absent for few days.. So what amount of Professional tax should be taken into consideration for the month of May? It should be Rs 200 or Nil? (Maharashtra)... Thanks in advance :)

We know that as per CA Act,CA will be liable to mis conduct if he discloses the information acquired during his audit to any person without the consent of his client or otherwise required by law.

1.My question is that what is meant by ''required by law'' ? Whether it means ''Court order''or ''government order''? Please give examples.

2.Whether government departments (like Police dept.)can obtain information from CA about his client ?

3.Whether the ''information'' includes the figures shown in the books of accounts of the client like sales figures,purchases figure,balance sheet figures...etc or whether it must be any sensitive data about the client?

Please give me answer to all above my questions.it is urgent

hi experts while auditin of one of our client from hotel industry we found that they are providing free food to its staff on daily basis. around to 30 to 40 employees but no accounting for such expenses. what can be the reason? and on what basis cost should be calculated and booked in books? pls explain the same in detail. regards

Our CA Firm is to be appointed as auditor of the company for FY 2015-16 and existing auditor need to be removed. On behalf of the company, I have to do the removal procedure.

My doubt is that :
As per Sec140(1) of Companies Act 2013 read with rule 7 of chapter 10 of Companies rules, it says that " the company shall hold the general meeting within sixty days of receipt of approval of the Central Government for passing the special resolution". So, it means that after the company get the approval of CG only, they have to pass a special resolution in AGM/EGM ,isn't it??

But in ADT-2 Form, the 2 (out of 3)mandatory attachments are "Copy of special resolution" and "Minutes of AGM or EGM" and also it is mandatory to quote the MGT-14 SRN number.

So Sir, practically should the company pass two special resolution in GM i.e. 1)after board resolution and before ADT-2 filing and 2)after the approval of CG ??? Or does it mean anything else???

Hello,

Please guide me on:
'How to conduct income tax audit of an assesse who owns few liquor shops'.
What points should I consider in conducting audit? Below are the details which are available:

1. All purchase details are duly available.
2. License fees paid details are available.
3. Bank guarantee details available.
4. Sales book/register is not available. All sales are recorded on average basis due to huge cash receipts on daily basis.
5. Expenses like salary, rent and other operating expense are settled through cash. No records are available for same as well.

What other points should I consider apart from above mentioned points?
.

Dear Experts kindly guide me on following issue:- 1.Disclosure required to be given in audit report or elsewhere by statutory and tax Auditor for cash deposit of Rs. 2crore or more by Company. 2. Safeguard for auditor from reporting such transaction.

A Company taking loan for import of Machinery in 22nd July 2015 & Machinery Import in Company on 28th aug 2015.

My question is that whether July & Aug Month Interest Capitalized or Charged to PNL ?????
Machine Installation Complete upto Aug And machinery ready for use from Sept but Company use machinery from Jan 2016.

Plz Resolved this Query as soon as possible.

Sir , if we have not received account conformation for creditor ( after followup ) what next action we will take

what is meant by retiring auditor in sec 139,141 of companies act 2013, please tell me