Speculation and intra day loss on shares, futures and options Rs. 15,00,000/-
Speculation and Intra Day Gain on shares, Futures and options Rs. 10,00,000/-
Total Turnover Rs. 25,00,000/-
Net Loss Rs. 5,00,000/-
Whether audit is required u/s 44AD as profit is below 8% of the turnover?

We are a newly registered Political Party with registered office in Allahabad. We need to send our annual accounts to the Election Commission of India, audited by an Auditor on the Panel of CAG. Now this is new for us thus we don't know the procedure to do so. Kindly guide us.

Stating F. Y. 2016-17 a partnership firm can not claim remuneration and interest paid to partners if filing return u/s 44AD. So if a partnership firm has total sale of 20 lacs and after claiming remuneration and interest paid to partner net profit is 20000/- then do i need compulsory audit as according to new conditions my net profit is less than 8%

What is the difference between Safe custody and Bank locker???

Whether board resolution is required before making new Fd by the co? Whether for short term or long term?

Whether an auditor has to check with compliance part of CO or it is a CS responsibility?

Sir,,,, Don't the bank need to collect processing fee from all type of loans and advances while renewal????

Has any one has freely download software for gujarati fonts or anyone can suggest easy way to better type in gujarati language..I have to draft trust audit report in Gujarati Language.

What is frf in auditing please tell in brief with example.

ITC mismatching : dear sir , my friends is a two wheeler sub dealer in orrisa ,sub dealer is purchasing bick from his dealer .I file my income tax return but 3 month ago , adit was come odited my file and sales track and found that mismatching between out put tax show and ITC taken by sub dealer mismatching amount isRs . 1,56,187.00. finaly sub dealer is got income tax notice so kindly advice in following queries. .. 1. will sub dealer having any deficaulty with tax notice instinct of sub dealer file tax return accouding to his sales and income 2.whether income tax notice is valide incase of sub dealer 3.what is the core of action sub dealer will take thanks and regards irfan alam