Does Turnover Includes VAT?
Example-Sales:380000/- VAT-400000/-
Is Tax Audit Applicable?

Is a Body corporate different from public or private companies?

i am harsh kedia n my pcc is due in may,2009.can u help me regarding study of theoritical papers?like how to study for audit,law....wat should be the strategy??this thing is adding to my tension.

A Public limited Co. has earned a profit of Rs.20 crore on sale of its various fixed assets( mainly land and building). How can the same be accounted for? Can it be transferred to Capital reserve? Are there any provisions regarding such transfer?

I am CA Final student,I am in great confusion about the four accounting standards issued by institute,these are AS.13,AS.21,AS.23 and AS.27.How do we correlate these accounting standards in practical and examination situations,what are differences between these standards,I've read these standards number of times but I cannot understand the effect of these standrads.I have worked out number of problems from sudy material .Please Help Me

WE HAVE TAKEN MACHINERY HIRED BASIS FOR THAT MACHINERY MAINTENACE(for example D.G Set) i.e RUNNING EXP.ETC., WHERE WE HAVE TO BOOK either Plant & Machinery Maintenance or Machinery hire charges

if we have accounted under the Plant and Machinery Maintenance we have to pay fringe binfit tax.

How Much Total Holidays as per rules of icai & how much Preparation Leave Allowed as per ICAI & preparation Leave excluded from Total Holidays or inclusive

if a student join new CA final after Completing PE-2 held on May07 examination then he/she requirted to give eligibility test or not & what will be date of his attempt

I cleared my foundation examination in 1999 and after that i get eligibility certificate for group I only and appeared for intermediate exams in group I twice. But cant succeed & due to my personal reasons i m not able to continue my intermediate studies. I also completed my articleship for 3 years in 2002. Now after 5 years in this feb i rejoined the course as PCC & also completed 100 hours ITT programme. I have got my SRO number from the institute also. Now in the PCC examination form it asks for intermediate examination eligilibity certificate for both the groups but i had only for group I only.
Whether I am eligible for appearing in PCE or not.
Please help me

Which rate of tds is applicable on contract of machinery rent whether the rate of contract i.e. 2.06% or rent of machinery i.e.10.3% pls reply with such a circular or notification issed by CBDT in this connection

hello experts
i am doing audit of a listed concern which has been declared sick by BIFR
it had issued rs.4 cr debentures earlier
n now due to non payment of int,n principal amount it gone for OTS(one time settlement) and has written back the balance amount as income of the previous year
now my quest.is if co.used the principal amt.against purchase of fixed assets and now when it is writing off both int n principal amt,will it have to adjust principal amt.against fixed assets n capital will come or writting off full amtas b.income is correct
plz refer section also
thankx