preparation of audit report
This query is : Resolved
11 August 2010
sir i have some question in my mind pl.... give me suggetion.
sir at my office one client which hv proprietorship firm. The proprietor of the business died on 12/12/2009. then after the business is carried out by his son.
Now my question is that is there requirement to prepaire audit report for the period of 1/04/2009-31/03/2010 or prepaire 2 audit report from 1/04-12/12 and 13/12-31/03?
sir at my office one client which hv proprietorship firm. The proprietor of the business died on 12/12/2009. then after the business is carried out by his son.
Now my question is that is there requirement to prepaire audit report for the period of 1/04/2009-31/03/2010 or prepaire 2 audit report from 1/04-12/12 and 13/12-31/03?
12 August 2010
U have to file two differnt Return.
1. Son's PAN # is different from Father.
2. Whatever, the asset and money came to son's busienss, pass one JV for incorporation
Bank A/c Dr.
Furntirue A/c Dr.
S. Drs. A/c Dr.
Deposit A/c Dr.
To S. Crs.
To Loan
To Capital Account
3. As a legal heirs, Son can sign his Father's Income Tax Return.
4. But most of the cases, family people not ready to file the return after some1 decessed, for avoiding Audit Fees....
1. Son's PAN # is different from Father.
2. Whatever, the asset and money came to son's busienss, pass one JV for incorporation
Bank A/c Dr.
Furntirue A/c Dr.
S. Drs. A/c Dr.
Deposit A/c Dr.
To S. Crs.
To Loan
To Capital Account
3. As a legal heirs, Son can sign his Father's Income Tax Return.
4. But most of the cases, family people not ready to file the return after some1 decessed, for avoiding Audit Fees....
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