Dear Sir/Madam,


I have read the AAS 12 carefully and many thanks for your help!
You have done a really excellent and considerately great job.

I found from some internet source that, "In India, public sector companies
and banks have joint audits. The concept of a joint audit - where more
than one firm audits the financials - is not popular globally and of the
G20 countries is only practiced by France."

However,
(1)how can we define a company falls into the category of "public sector companies"? Is there any official list of "public sector companies"?

(2)And I was puzzled some of the companies employing joint auditors are not
banks and they are private in ownership.

Since joint auditors are generally more costly..It's really strange.

Why these private in nature(ownership)listed companies choose to employ joint auditors (rather than one audit firm), since they are not required must to do so by law?


So deeply thanks and looking forward to your quick reply.


Yours sincerely,
Daisy

A manufacturing co is consturcting a building. Co is deducting WCT TDS under MVAT act as the said activity comes under WCT.

Co is making WCT TDS payment under form no. 405 under MVAT Act.

After closing of the year is there any return to be filed with sales tax department or filing of form no. 405 is sufficient.

I have not cleared my 2nd group of PCE. In IT & SM, according to me, I should score more than 60 marks but I am not able to cross atleast 40. What is the loose point. How should I prepare for 2nd group in Nov,09

my family owns some land and to save tax they decided to make a pvt ltd company and buy the land and issue shares to the family members accordingly ,now we want to divide the land ,we do not want to sell it ,every member needs posession of the land we bought it for 150 rupee /sqft and now its 750 rupee /sqft . now my question is how can we divide it so tat i can get the posession of land

Thank you

I cleared my pcc exams in june09 and I started my articleship in sep07

I want to know when is my ca final attempt due?


thanx & regards

Ritin Kharbanda

Pls share your views at M/s SR Batliboi & Co. (Employed or Otherwise).

dear sir,i faild second time.due to informaton technology. so please send me upto date short material for best preparation. i can refer whole subject in short time.and can concentrate on other subject my mail id is: smparmar1412@gmail.com.plz it is very urgent for me.

i have cleared CPT Oct07 n registered articleship late in AUG08, now my attempt is on MAY10, n due to getting indulge in office aint getting time to study. Now just want to get out of this Office as this gng to be my last chance to take the transfer which is Conversion from PCC to IPCC.. but my attempt wud get extended to NOV10. Please Suggest me weather should i convert or not as if i continue to be in this firm i don't think i will be abl to clear my xamz on tym. M in a total mess now as i missed the chance of getting IPCC for may10. N moreover i hvnt yet done wih any classes for any subjects..!!

Pl let me know upto what extent a company can issue bonds & Debentures ?

Is there any registration required with ROC for the registrations of Bonds / Debentures ?

Hoping a quick updation for the same.

Regards

Amit Gupta

Dear Sir,

I have purchased a flat jointly and now I would like to claim deduction u/s 80C for Stamp duty and registration. I will get possesstion of flat in November 2010.

Can both of us take dedctuion u/s 80C in the FY 2009 -2010.


Kindly clarify and oblige.

Regards,

Vijay