Is there any minimum fees for doing Statutory audit?
as I come to know that minimum audit fees should be Rs.5000/-

Gud morning,

Please advise how much NSC amt we can take for the Income tax calculation. For e.g, suppose a male individual is having Rs.100000 NSC, can we avail full amt for the income tax payment .

I know that the under section 80c ceiling upto 100000.

As per the provisions of section 77B of The Companies Act 1956 a Company cannot Buy-Back its Shares throught any subsidiary comapny including it's own subsidiaries.
Can anyone please explain me the logic behind this amended provisions as to why law has specifically prohibited the buyback through such mode?

a)Does a single prop. firm for consultancy for (environmental research) qualify for registration for this act?

b)What sort of books of accounts are mandatory to be maintained under this act?

c)What are the pros. and cons for registration of such firm under this act? Ae their better alternatives and why?

d)Is it mandatory for the proprietor to have the books audited by a CA? Is their a minimum limit above which Audit Report is compulsory.

e)What is the Government website in which i can
i)i can download necessary forms
ii) i can get more info

Suppose there is a single proprietary consulatancy giving consultancy services related to environmental research. What is the limit of turnover in this case for the firmafter which it must have its books of accounts audited by a CA in India.

Sir, in case of goodwill, where the book value is less than the face value, ie30000 is the book value and 50000 is the revalued value, and there are k,l, and m as partners sharing 5:3:2 p/l, how is it accounted where the goodwill is to be written off?

On the retirement of L, N is admitted as new partner.

Instead of writing off 20000 among old partners, how is it that they have illustrated by writing off 50000 itself among k,m, and n?

similarly they have illustrated another sum having book value 40000 and full value 56800, and having A, B, C as partners, and A retires and 56800 is shared between B and C in their ratio. can you please explain me the concept behind this?

We want to import parts and components of computer motherboard and assemble in India. Please tell whether in this case assembling amounts to manufacture under excise law. if yes how much is the excise duty is leviable and the procedure for this. Also tell how much custom duty is payable for importing the motherboard parts and components.if we sell the finished product, i.e. motherboard to clients in bangalore how much vat will be charged.

The concern i work is into trading of goods which are partly sent on consignment to different cities in india & partly local sales.

We are using tally 9. I want to learn journal entries of consignment sales using tally.

I request the members of this club to provide me with journal entries using tally along with ledger creation ( groups under which accounts like consignmen a/cs to be taken).

I also want the sales tax treatment of consignment sales.

I referred to b.s.raman & shukla & grewal text books but couldn't do the entries in Tally.

please kindly provide me a solution.

Q1] If an assessee files a return after due date (Belated u/s 139(4))and forgets to include:

1) Secured loan balances,
2) Deprecation on some of its fixed assets
&
3) TDS available for refund

in its return and he is not liable to pay tax then what will be the consequences as he is not allowed to revise his return?

Q2] Will he be able to claim the Depreciation on assets which were not included in Balance sheet & on which dep was not taken and TDS refund next year?

Q3] Will he be able to show his secured loans next year which were wrongly not included in balance sheet this year?

Please help me....

wil General knowledge questions wil be asked in interview.....
if so can any anyone please say me on what questions will be asked....