trust audit checklist


68th Annual Report and Audited Accounts of ICAI for 2016-17

ANNOUNCEMENT Sub 68th Annual Report and Audited Accounts of the Institute for the year 2016 17 The 68th Annual Report and Audited Accounts of the Institute for the year ended 31st March 2017 have been published in Part III Section 4 of the Gazette of India Extraordinary dated 29th September 2017 Cli

CBDT extends date for Linking of Aadhaar with PAN to 31st December

CBDT extends date for a Linking of Aadhaar with PAN and b Due date for filing Income Tax Returns and Tax Audit Reports To facilitate ease of compliance by the taxpayers CBDT has extended the date in the following cases i Aadhaar was to be linked with PAN by 31stAugust 2017 The date for linking Aadha

Audit due date extended to 31st October 2017

F No 225 270 2017 ITA II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block ITA II Division New Delhi dated the 31st of August 2017 Order under Section 119 of the Income tax Act 1961 Act The Goods and Services Tax GST has come into effect on 01 07

Amendment in revised Guidance Note on Audit of Consolidated Financial Statements

I The Council of ICAI at its 365th meeting held on May 17 19 2017 considered a matter regarding amendment to paragraph 17 of Revised Guidance Note on Audit of Consolidated Financial Statements issued in October 2016 At the meeting the Council noted that the members had expressed concerns regarding t

Requirements for passing ISA reduced to 60% marks

Requirements for passing Information Systems Audit Assessment Test It is hereby informed that in exercise of the authority vested with it under Regulation 204 of the Chartered Accountants Regulations 1988 the Council of the Institute of Chartered Accountants of India has decided to revise the requir

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Experts Opinions

Limit on number of statutory audits by a ca as per icai

Ministry of Corporate Affairs has issued Notification dated June 5 2015 exempting the maximum ceiling of 20 companies as provided in clause g of sub section 3 of Section 141 of the Companies Act 2013 in case of One Person Companies Dormant Companies Small Companies and Private Companies having paid

Turnover as per tax audit report

Sir What are the receipts we have to consider for filling clause 40 of the tax audit report Previous year Preceding previous year turnover Whether turnover includes other income or not Regards Kiran

Can Extent audit due date 17-18

Can Extent audit due date 17 18

Audit for partnership firm with annual turnover less than 1.5 cr.

Audit for partnership firm with annual turnover less than 1 5 cr is compulsory for 16 17 financial or it ll be compulsory from the current session 17 18 Pls help

Auditor Appointment

If a proprietorship firm is converted into partnership firm in 2012 2013 From 2012 2013 to 2015 16 the turnover of the firm is below audit limit But in 2016 17 the turnover exceed the audit limit and the firm has appointed an auditor Now my question is that whether the new auditor has to intimate th


GST Rates in India : A Checklist

After the implementation of GST a new sleek of reforms has been announced by our Finance Minister Arun Jaitley which propelled the rate reductions across growing list This 21st Goods and Services Tax Council meeting in Hyderabad has brought another course of revision in the prices for some commoditi

Audit ay 17-18

Any chance of further Extension in Income Tax Audit Dates

mnemonics for CA final audit

please share mnemonic for ca final audit small topics especially for CIS chapter

Audit for partnership firm for the year 16-17

Audit for partnership firm with annual turnover less than 1 5 cr is compulsory for 16 17 financial or it ll be compulsory from the current session 17 18 Pls help

charitable Trust registered under 12A U/s Income Tax Act 1961

Temple obtain 12A Registration under Income tax but temple are involved in some trade taxable goods then temple are required or not to get registration

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GST On Charitable and Religious Trust

As we all know that the GST has several impacts over the Charitable Trust and Religious Bodies However I am sharing my views on GST applicability on Charitable Trust and Religious Bodies The provisions relating to taxation of activities of charitable institutions and religious trusts have been borro

Tax audit not applicable for Turnover less than 1 crore

Section 44 of Income Tax Act 1961 essentially deals with sections related to audit presumptive taxation and special provisions related to computation of income for business purpose Till FY 2015 16 eligible assesses having turnover less than Rs 1cr and net profit less than 8 cannot were not allowed t

Real Estate Development Agreements, Share Valuation & Charitable Trusts : Recent Tax Amendments

1 Taxation of Capital Asset under Development Agreement with Builder 1 1 In recent past it has quite been a trend that individual plot house owners enter into some development agreement with builders whereby in a typical agreement the builder demolish the old house and constructs a new multistory bu

Cost records and Cost audit under companies act, 2013

The Cost Audit represents the verification of cost accounts and a check on the adherence of Cost Accounting Standards The Companies Act 2013 empowers the Central Government CG to make rules in the areas of maintenance of cost records by the companies engaged in specified industries manufacturing of

Tax Audit (Sec 44AB) limit for Business is 1 Crore or 2 Crore?

What is Audit Audit means an inspection of books of accounts by some officials or some specified persons for the purpose of establishing the fact that the accounting records present a true and fair view Types of Audit There are two types of audit namely Statutory audit and Tax audit What is Statutor

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Updated on : 10/16/2017 7:35:20 PM

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