A MACHINE PURCHASED IN 2009 FOR 20 LAC,, RS 12 LAC PAID --- TRIAL RUN IN 2011 OF ONE BATCH , (SALES RS 50000/-) ANOTHER TRIAL RUN, 2 BATCHES ( SALES RS 3.50 LAC) -- TRIAL RUNS FAILED -- NO SUFFICIENT VALUE ADDITION TO INPUT --, LOSS -- MACHINE DEFECTIVE -- BALANCE RS 8 LAC NOT PAID AND REVERSED TO COST OF MACHINE IN 2012 --- DEPRECIATION NOT CLAIMED IN 2011 AND 2012 AS MACHINE NOT CONSIDERED AS " PUT TO USE ".-- IN 2014 MACHINE SOLD FOR 9 LAC - FIRM HAS NO OTHER TURN OVER, BUSINESS OR RECEIPT IN 2011-2012-2013-2014 --- RE: TAXABILITY IN 2014 - LOSS ON SALE OF MACHINE --- HOW TO PRESENT ? THANKS

How to treat absenteeism while calculating ESIC. salary of Rs.16000/- for example Workman A worked for 31 days in Jan-13 and got a monthly salary of Rs.16000/- and workman B woked only 27 days and was absent for 4 days and so he got a salary of Rs. 14000/- only. In such case is the workman B eligible for EISC Deduction? Pls help

Dear sir,
we are the internal auditor of a co. we report every month internal audit report to the co. but as per statutory audit. some changes b/w the internal audit and staturory audt. so now they demand revised internal audit report can it is possible. if yes how? please any body

Treatment for expenses on rental property...can it be capitalised?

How the auditor will certify the cash and the stock in the Balance sheet as on 31st March,because his appointment normally took place after the balance sheet date.

Please state the audit procedures in this regards

sir, what is the term 'sister concern' ?
and is there any difference between sister concern and associates concern ??

Tell me how to do audit of salary EPF,PF at client place

what is book overdraft?

hi.... if the comapny is in dormant status and now want to operate the comapny again.. and the company fails to file the annual returns and other statutory forms to ROC for the last 15 year's (since 1999). now what's the procedure to make the company's status active and for filing annual returns.what type of forms to be filed and fines will be there. please consider it and guide me in this matter. thank u....

Dear Sir/Madam,
Plz any one tell me how to do audit in detail for utilization of loan, which is borrowed by the borrower form XYZ bank.
for example XYZ bank disbursed to borrower Rs.5 Crore for project and borrower spend for this project Rs.3 crore and in progress now bank appoints to me as an auditor for ensure the amount which is spent by the borrower. waiting for reply..
Thanks