Hi
The auditor of company is required to submit a certificate stating that if his appointment will be made it will be within the limits as specified in sec. 224(1B).
My query is whether this provision is applicable to statutory auditors or it is also applicable for internal auditors i.e. whether internal audit will be considered for calculating specified limits?
Thanks in advance

Please let me know who are designated directors in the company. Is there any qualifications for such directors.

A bill shows material cost 75% and labour charges 25%.What I want to know is whether tds should be deducted on 100% of the bill amount or 25% of the bill amount?

What is CT 1 Bond & how it is used ?
I got an order from Foreign customer. I had given the manufacturing of material to our different vendors. Now vendors are asking to complete the formalities. Pl. tell how to act. The incoterm in Customer PO is FOB INDIA

Shashank

Foreign Company has a subsidiary indian non banking financial company. Parent Company has advanced some money to indian subsidiary for 6 months. Now indian subsidiary wants to repatriate this advance money. What are the formalities to be fulfilled?

A prop. is dyeing sarees on contract basis and gets payment after deduction of TDS. While filing return he has shown 8% of receivables as net profit. Whether his case can fall in scrutiny and whether he is liable to maintain/produce books?

Hello Expert,
Th organisation pays Rs 650/month as Leave travel allowance to the employee and is included for calculation of tax for salary income.
What is the maximum LTA exemption to be availed by the employee from income tax?
Can the employer allow the exemption and reduce from TDS.
Will it be included in Form 16 issued by employer in this case?
Thanks

A company has taken over a partnership firm which has deferred tax asset in its closing Balance Sheet.Can the same deferred tax asset be shown by the company in its Balance Sheet and be included in computation of profit & loss of the company????

Can Indian NBFC having 100% foreign investment repatriate advance to foreign company

Can anyone provide me the calculations under payment of bonus act?like Prior charges/Available surplus/Allocable surplus/Bonus payble.
It will be better if it is in an excel sheet