CAclubindia

Arpit's Expert Profile

Queries Replied : 319

About me

Have got experience across diversified sectors in the areas of Assurance, Consulting and Governance, Risk and Compliance (GRC) Services. Expertise is in Internal Audit, Enterprise Risk Management, Process Improvement, Fraud Investigation and other compliance solutions.

I am a Chartered Accountant and holds a Bachelor Degree in Commerce from University of Delhi.

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Mary V Thomas says : Internal audit procedures / controls - Toll Plaza
Hi, I would like to know the internal audit procedures / internal controls for the toll plaza. Also, with respect to revenue, what are the procedures to be verified. With respect to FAR - do we classify repairs and maintenence charges of roads as revenue and charge off to P/L?

CA Ruchika says : Toll Plaza Audit
Hi Arpit, I want to know more about Toll plaza audit. what kind of analysis one can do and how?

ACS Gaurav Jain says : hiiii
Hi, Digital Marketing exp done by credit card. as paid through credit card it is not possible to deduct equalization levy on amount paid. 1. We required to gross up or we can pay direct 6 % i.e. we paid Rs. 100 towards Digital Marketing Exp to NRI now we have to pay Rs .6 or we Rs. 6.383 ( (100*100/94)-(100)). 2. Equalization levy paid can be claim as Marketing Exp or we have to Book under equalization levy exp Account. 3. Limit of Rs. 1 Lac is for each NRI or total for ALL NRI.