what are check list of conduct a concurrent audit.

Hello everyone, i have filed form 1, 18 and 32 on 19th october 2013 and paid Rs.4800/- and generate challan for this, however there is one more payment to be made which i was not able to pay due to power cut in between the payment was in process. Please suggest me further because its really urgent. waiting for the views of the experts. Please write me oo email_gokhale.harish@gmail.com

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if turnover rs 60 lacs than audit is compulsory in assessment year 2013-14 and net profit of rs 167000

Someone told me that in USA there is a Inheritance property tax? does it means that after the death of parents, son has to pay 30-40% tax in order to live in his parental property? what if son is a college going student how will he pay 30-40% tax in order live in his parents house? i also read somewhere that indian government is also planning to apply this in India.

assuming that valuation certificate is valid of 6months, if the company made two allotments within 6 month to a foreign investor pleasE clarify whether we need to submit valuation certificate original each time (i.e two times)while filing FCGPR with RBI?

Pls, tell me if goods (in which dealer trades or final goods) are destroyed by fire than what about input vat credit... means dealer will claim that from sales tax department or from insurance company in case goods were insured against fire

Pls, tell me meaning and example of service under vat... as i read that vat system includes tax on goods and services both... here goods me be any thing but i am unable to visualise the term service here

WHAT IS THE CONCEPT OF BANK RECONCILLIATION STATEMENT?
IS IT CHECKING BANK A/C WITH PASSBOOK?

A PERSON IS PAYING 1 LAC PER ANNUM AS INTEREST ON HOUSING LOAN WHICH HE HAS TAKEN FOR CONSTRUCTION PURPOSE FOR LAST 5 YEARS.

LAST MONTH HE HAS TAKEN 2nd LOAN FOR REPAIR AND RENOVATION PURPOSE FOR WHICH HE WILL PAY 60,000 RS PER YEAR

WHETHER HE WILL GET DEDUCTION OF

1.1,50,000 PER YEAR
2 1.30,000 PER YEAR
3.1,60,000 PER YEAR

NOW HE IS RESIDING IN HIS OWN HOUSE, FOR LAST 5 YEARS HOUSE IS ON RENT?
2 FLOORS ARE STILL ON RENT

indirect tax important topic to cover