Is it possible to carry on both tax and statutory audit for an organisation?

2.Whats is the major issues to be considered to carry on a.Tax audit
b.Statuory audit?
C.Sample of audit report?

I want to know waht is poceedure of surrender of ST-2 (i.e Registration Certificate)

is there are any circulars or notification regarding this?
The superrintendent is asking for requirement of last three years ST returns but we had not filed the returns from 01.04.07 onwards as there is no business activities, letter of non filing of return is already filed with service tax.

I am doing my MBA project in final accounts in a firm which does business on consignment. They purchase a stock on consignment at higher value than their sales value which they sells to their customers.
The difference (sales value-purchase value) amount is being reimbursed to them by the company from whom they have purchased.

In their trading accounts they have shown as nil gross profit. their calculation was as follows
Debit side
Purchase 1000 pcs @ Rs. 1250 = 12,50,000
(-) Purchase diff(of sales qty)
350 @ rs.250 = 87,500
TOTAL DEBIT BALANCE = 11,62,500

Credit side
Sales 350 pcs @ Rs.1000 = 3,50,000
Closing stock
650 pcs @ Rs.1250 = 8,12,500
TOTAL CREDIT BALANCE = 11,62,500

HENCE Gross profit is NIL

NOW I WOULD LIKE TO KNOW WHETHER THEIR WAY OF PRODUCING ACCOUNTS IS PROPER

My Dear so called "Experts"....
Let me ask you some easy questions....

Qs. 1. What is the criteria for becoming an expert in this forum?
Qs.2.Why are the answers of some "experts", so wrong !!!!!????????
Qs.3. Why the so called experts have such poor command on English that even a 1st class kid can write better grammer ??????

Why ??? why???? why????

hello everyone,

Can some body tell me whether there is any penlty for concelment in the following case:-

Suppose Mr. A never file return under wealth tax act. He receive a notice from assessing officer for filling of return. He filled return in response of notice.

Now assessing officer want to include all assets for penlty on concelment of income. Is Assessing officer is right?

Also give any circular or case law if any.

if any person forget to carryforwrd and to take setoff in last ay of house property loss what wiil be the solution? can i carryforward the loss in current ay? can i take a setoff in current ay? plz give suggestion.

Sir, What is the provision if a company (pvt) fails to file forms 20B, 23AC, 23ACA within the stipulated time, but files it later paying the additional fees as prescribed ? Is it a criminal offence ? What liability arises on directors for such delay..? Please help. In urgent need of your suggestion.
Aditya

assessee had already shown credit of Rs. 1,80,000 in his capital account for the year 2006-07 and on scrutiny declared such credit as gift received from non-relatives by submitting all the relevant documents as required by officer. AO make addition of such credit as gift u/s. 56(vi). Now is it the case of furnishing inaccurate particular of income entail penalty u/s.271(1)(c) ?

a hotel industury provides following services
1.hall Charges(Rental)
2.Spa
3.Dry- cleaning services on laundry
under convention services on food served at banquets applicable tax rate is 6.18% on other services applicable tax rate is 10.3%

4.Saloon
5.Health Club
6.Business Centre
7.travel Desk

Please tell me Under which heads we sould be applied for registration

Sir,
A person has given the donation to a trust under the 85% Scheme.From such amount Trust purchase a Building for social purpose.can Trust can claim depriciation on such building.If yes,please provide appropiate judgement or any provision.