Please tell me about p.f audit. How to audit of salary p.f

Sir I am a money transfer agent and earn commission
What if my turnover exceed 1crore and commission is below 1lakh
Do I have to do any thing regarding income tax or audit

if A & B are two partners of AB & CO. and X relative of Mr A, holds security in MNO Ltd. of Rs.110000. Can Mr B appointed as an auditor of MNO ltd?

Hello CAs'

I am a retiring partner of a Firm that has two partners now and pls advice me if the below mentioned format of Dissolution Deed is right?
___________________________

THIS DEED made at …………….. this ………… day of …………., 2000, between

A, son of ………………………………. resident of ………………………………………………. hereinafter referred to as retiring partner, of the ONE PART

and

B, son of ………………………. resident of …………………………. hereinafter referred to as continuing partner of the OTHER PART.

WHEREAS the parties hereto were doing the business of ………………. at …………………………. under the name and style of M/s. …………………………………………………. in terms of Deed of Partnership dated ………………………… AND

WHEREAS on account of disputes and differences arising between them, the parties have decided to dissolve the partnership on the terms and conditions hereinafter appearing. WITNESSETH AS FOLLOWS:

(1) The parties hereto hereby dissolve the partnership subsisting between them under the Deed of Partnership dated …………………. with effect from …………………

(2) The assets and liabilities of the partnership have been assessed and the final balance sheet and profit and loss account have been taken and both the parties have seen the said accounts and are satisfied about its correctness.

(3) The continuing partner has paid to the retiring partner a sum of Rs. ……………… (the receipt whereof the retiring partner hereby acknowledges) as consideration of the share and interest of the retiring partner in the assets, stock-in-trade, goodwill and tenancy rights of the firm.

(4) The retiring partner as beneficial owner hereby assigns and releases unto the continuing partner ALL THAT the one-half share and interest of and in the business and stock-in-trade, assets and other personal chattels including the goodwill thereof TO HOLD the same unto the continuing partner absolutely for ever.

(5) The continuing partner hereby covenants with the retiring partner that he shall discharge all the debts, liabilities and obligations of the partnership and will at all times hereafter keep the retiring partner indemnified against the said debts, liabilities and obligations and from all actions, proceedings, costs, claims and demands in respect thereof.

(6) The retiring partner hereby covenants with the continuing partner that he shall not engage himself directly or indirectly in the business of ………………………….. for a period of ………………………. years from the date of dissolution of the partnership.

(7) The retiring partner hereby releases the continuing partner and the continuing partner hereby releases the retiring partner from all actions, accounts, claims and demands in relation to the said partnership and from all the covenants and agreements contained in the said Deed of Partnership.

(8) The continuing partner hereby agrees and undertakes that he shall notify the dissolution of the partnership to the Registrar of Firms ……………………………… and also in the ………………… Government Gazette and in two newspapers within ………………… days from the date of execution hereof.

IN WITNESS WHEREOF the parties have hereunto set their hands, the day and year first hereinabove written. Signed and delivered by the within named A Signed and delivered by the within named B WITNESSES; 1. 2.

_________________________

Rgds, Siva

Read more at: https://www.caclubindia.com/forum/partner-ship-dissolution-deed-is-this-format-right--355990.asp

Sirr.. what is the EPF and ESIC Rate at present. and what is the provision of computation..? please explain briefly.. thanks

Whether caro 2016 is applicable for may 2016 exam??

Please,
can anyone help how to calculate penal interest on late submission of stock statement in bank.
Please help me by giving illustration so it will be easy to understand.
Let say Limit of CC :- 1 Cr
Interest Rate :- 14%
Penal Interest is @ 2% .

Audit for AY 2014-15 & AY 2015-16 not done still 31/03/2016, so is it possible to do audit u/s 44AB after the due date?

Can any problem to CA for doing audit ?

Please give reply as soon as possible.

Thanks in Advance.

XYZ Bank charges interest on its Advances on 30.03.20XX and the account classification is done on 31.03.20XX (i.e Classification of NPA) and if account become NPA (i.e sub-standard on 31.03.20XX).

Whether to Reverse the Interest Credited in the account of the NPA (Sub-Standard.) on 31.03.2016.

Hi,

If individual firm having Sales Rs.1,07,00,000 and Sales Return is of Rs. 10,00,000. and Net Profit is Rs. ,500,000. So, I Have to do audit either u/s 44AD or 44AB. But Question is that weather turnover i should take is Rs. 10700000(Gross) or Rs. 9700000(Net of sales return)???

if audit is under 44ad, then no need of to deducted Tax (TDS) for commission next year.

Plz Help