Mef empanelment criteria for 2012-13 by rbi for stat audit
This query is : Resolved
01 November 2012
CASE : My firm status as on 01.01.2012 was partnership and I was eligible for Category III. However on Draft MEF the category has been shown as IV (proprietorship).
On 15.03.12 one of the partner has resigned and rejoined on 25.03.12 rendering the firm as Propeietorship for 10 days.Does this effect the Category. I am of the view that status as on 01.1.2012 is to be considered while making the panel. Please forum advise my recourse if any and whether I am correct or not
On 15.03.12 one of the partner has resigned and rejoined on 25.03.12 rendering the firm as Propeietorship for 10 days.Does this effect the Category. I am of the view that status as on 01.1.2012 is to be considered while making the panel. Please forum advise my recourse if any and whether I am correct or not
Amol S Joglekar
(Expert)
04 November 2012
My dear; please have some consideration towards the concept embedded in "events occuring after balance sheet date" Materiality.... It would have been very easy for all the elite people to form a firm on 1.1.xxxx and disolve the same very next day... and enjoy cat 1 or cat 2 status.....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Capital gains in IT returns
- Gift to nri relatives residing in usa
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
