Audit QnA [Resolved]

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CA ATUL SHAH

This Query has 1 replies

01 June 2016 at 19:40

Turnover/sales definition for mobile recharge distributor

Dear All,
My client is a mobile recharge distributor. He is doing recharge of Rs 2 L daily. Also giving cheque to the company for the recharge in his firms account from his current account. He is receiving commission of 1.7 % on the recharge amount So my question is that 1) Is this type of turnover considered as sale and have to do tax audit ? or only commission is calculated as turnover ?

AJAY GUPTA

This Query has 3 replies

01 June 2016 at 11:09

Applicability of Audit of Trust

A charitable trust registered under 12 A recd corpus donation of Rs 300000/- and interest income Rs 34000/- filed ITR-7 without accounts being audited. Now a notice for defective return 139(9) is recd under error code 57 stating income exceed 2 lac and audit is compulsory. Pls suggest what to do and whether audit required or not.

Anirban Ghosh

This Query has 2 replies

31 May 2016 at 02:22

Audit

IS THERE ANY CHANCE FOR COMPANY SECRETARIES DOING TAX AUDIT AND OTHER AUDITS AFTER PASSING OF GST BILLS???

caclub member

This Query has 1 replies

29 May 2016 at 10:29

tds on goldsmith

my query is, if I issue 100 gms 24kt pure gold to goldsmith for making jewellery and I receive 100gms 22kt gold jewellery from him. I paid rs.3000/- as making charges to him and he took the difference of 24kt and 22kt as his wastage. so on what amount I will be liable to deduct tds.

Anonymous

This Query has 1 replies

28 May 2016 at 11:00

Internal audit

Template/draft format Internal Audit Report of the company under Companies Act2013

Anonymous

This Query has 4 replies

24 May 2016 at 19:22

APPLICABILITY OF TDS ON TRANSPORTERS U/S 194C

Hello, Is Tds eligible to be deducted if the amount of transport does not exceed 30000 per bill or 75000 annually and the transporter owns less than 10 trucks and a declaration of the same is given

CA NItesh Goyal

This Query has 2 replies

24 May 2016 at 15:22

Internal control

what is internal control procedure for factory of fmcg goods for inventory.

KAPIL

This Query has 1 replies

24 May 2016 at 00:00

Educational institution

One of my friend has opened up a playschool and for getting registered in the state it had to be of trust character... my question is that he had opened the school for profit motive and registered as a trust what is criteria for determining the eligibilty for audit... gross receipts exceeds 2. 5lakhs thanks in advance