As per Companies Act and CA Act, statutory auditor cannot purchase shares of auditee company.
My query is that whether this provision also apllies to internal auditor or not?

Please reply.

Hi Friends/experts,
1)In valuation of goodwill,why proposed dividend is not considered as liability?
2)In calcaulation of cpital employed why we will not considered long term borrowed funds?
Pls explian the above queries with logic

I cleared my CA this november attempt. I am totally confused about which career option to choose.
I am confused between Finance (Mostly banking) and IT (ERP and Business Intelligence)
Finance: It is the traditional field for CA's. As such there is more stability. However, one may get bored doing the same routine work.
IT: It is the hottest career option as of today. ERP implementation, XBRL are need of the day where CA's are being hired as Functional Consultant. However, it is an unconventional area as compared to Finance. Some of my seniors don't recommend it.
I am seriously confused and need your help. I have equal liking towards both the options. Which one to choose?

dear experts i can show my first attempts in ipcc and ca final to the employee easily but how can i show my first attempt cleared in cpt?can iget any proof from icai regarding this to show in my interview?i appeared cpt between my graduation?

SIR jai shree krishan
i have CREATED A TRUST 7 YEAR BACK AND SINCE INCEPTION Trust has RECEIVED CORPUS DONATION FROM CHATITABLE TRUST REGISTRED U/S 12A APPR Rs. 18 LACS TILL THE F. Y. 2009.10. AND Trust APPLIED FOR REGISTRATION U/S 12A ON AUGUST 2010, and get registered u/s 12A wef 01.04.10 NOW A.O WANT TO TAXES Rs. 18 LACS AS INCOME. PLEASE TELL ME WHAT IS THE TRAETEMENT Of THIS. can Ao is right is his action and what is the remidy

Suppose ABC ltd is based in australia and XYZ ltd is situated in INdia which is a susidiary of ABC Ltd. Then while VAT Registration what address will be mentioned in Board REsolution.

I had bought a flat in July 1994 for Rs 85000.Now i am selling it in App. Rs 10 lakhs.I intend to repay my housing construction loan taken for a new property out of this amount for which construction was started in August 2008 and completion certificate issued in Nov.2009.
What are my capital gains tax liabilities?Can I claim exemption for repaying housing construction loan as I was relying on the sale proceeds of this house to pay for construction of this new property.

IN THE TEXTILE MILLS, THERE ARE NORMALLY HEAVY EXPENDITURE ON THE MACHINERY MAINTENANCE.
MY QUERY IS THAT IS IT DIRECT EXPENSE TRANSFERRABLE TO THE MANUFACTURING AC. OR NOT?

Dear Colleagues
can any body clear me about
whether Vat/Sales Tax is attracted on Transfer of Business Assets when there is a conversion of Proprietorship Firm into Partnership Firm, pls give me some case law or section or rule reference
Thanks in anticipation

Pls let me know the rate of VAT applicable on sale of used machinery(like hydra mobile crain used for loading & unloading in transmission tower line business) in Maharashtra. is it 12.5% or 5%

also let me know what is the excise impect on same how to prepare invoice for same

your early reply will be highly solicited

Thanks & regards