Hello Everyone.. I Would Like To Know Whether The Incentives Taxable Or Not..? Person Working In Consultant Firm,Get Incentives As Per Recruitement.. Either 2% Or 3%... If His Monthly Gross Is 15000 And Getting Incentive As 4000 Or 5000 On Recruitement Of Candidate.. Is That Be Taxable.. Kindly Help...

We, wish to know a qualified chartered accountant is needed to audit the accounts of Apartment owners Association , which is registered under the provisions of the Travancore -
Cochin Literary Scientific and Charitable Societies Registration Act, 1955.Our income is below Rs20 lakhs and most amount is spent for the maintenance,wages etc.The balance amount is below Rs3 lakhs in year.

what is bank guarantee? how it can be verified during concurrent audit? how to calculate interest?

if a flat owner sold a flat than.shares amt suppose to returned to him & a collect a new shares amt from new flat owner by a society

pls provide every for housing society in mumbai such as income tax slap, audit report were to file tax & audit report register to be maintain; nominee changes reported to.which authority etc..

Lease -

Operating Lease A Shopping Mall is taken on lease and it is sub leased to various tenants. IAS 17/ AS 19 is applicable for the same while recognizing Expense from the point of view of lessee and Income from the point of view of Lessor.

AS/IAS says Lease income/Expense from operating leases should be recognised in the statement of profit and loss on a straight line basis over the lease term, unless another systematic basis is more representative of the time pattern in which benefit derived from the use of the leased asset is diminished.

Can any one interpret above lines with example.

If possible share the impact of the same in Financial statement with example.Also any excel file to work on the same.

Viz: For Example
1.Lease agreement is for a period of 5 Years and each year rent is changing progressively.
2. What happens if tenant cancels agreement in between. what will be the impact on income which is already recognized on Straight line basis.
3. How the impact need to be taken if the company is only considering one year rentals as revenue and recognizing only that portion as revenue.

Thanks & Regards

I am new article traniee. I need help in aspects to be covered in bank audit. I know the overall aspects but dont know how to conduct audit in various areas. For eg i want to know the aspects to be checked of personal loan. If any has any file or self.made notes. Pls share.

Please can anyone tell me journal entry for export incentive entries .when to recognise the income and loss or profit entry .please clarify duty drawback and exporthe licence both are same or different .9840479900

pvt co. has taken loan from 1) dir,relative n shareholders(which is now allowed) do we still hav to report in independent audit report?? if yes, then where as there is no clause in new IAR 2)what about other unsecured loans.. their treatment???

Dear, sir i have one case of partnership firm Dealing in property construction and sale of property, is case me quary yeh hai ki, property me 26 flat sale kiye hai kuch flat firm ke name se sale huye hai aur kuch parners ke name se (registry galti parner ke name se ho gayi) is case me jo sale tornover hai wo kya hum firm ka mane ya parners ke indivdual ka ? aur jis land per property ka construction hua hai wo partner ki hai parner ne land as a capital contribution (joint venture)firm me use ke liye diya hai is case me solution kya hoga