Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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abc says : INTERNAL AUDITOR
DEAR SIR IT IS A UINQUE QUERY - PLEASE HELP & SOLVE ASAP..... I WANT TO KNOW....WHETHER PRIVATE COS CAN OUTSOURCE THEIR INTERNAL AUDIT FUNCTION TO ANY OUTSIDE PERSON WHICH IS NOT A CA FIRM (AS THERE IS NO SUCH REQUIRING PROVISION TO APPOINT ONLY A CA FIRM) CASE: - A PRIVATE COMPANY DOES NOT EMPLOY ACCOUNTING STAFF DUE TO LACK OF SPACE & OFFICE IT OUTSOURCES ITS ACCOUNTS FUNCTION TO SOME OUTSIDE ACCOUNTANT WHO IS NOT A CA BUT RUNS HIS OWN ACCOUNT WRITING FIRM FOR VARIOUS PEOPLE.... 1) CAN THIS ACCOUNTANT / ACCOUNT WRITING FIRM ALSO UNDERTAKE INTERNAL AUDIT OF SUCH PRIVATE CO. 2) IF NOT CAN THIS ACCOUNT WRITING FIRM UNDERTAKE INTERNAL AUDIT OF SOME OTHER PVT CO. FOR WHICH IT IS NOT WRITING ACCOUNTS IS IT TRUE THAT FOR BEING AN INTERNAL AUDITOR OF A PRIVATE LTD CO. IT IS NOT NECESSARY FOR ONE TO BE A QUALIFIED CA....AND ONLY KNOWELDGE & EXPERIENCE OF AUDIT & ACCOUNTING FUNCTIONS & BUSINESS OF CLIENT IS MORETHAN ENOUGH IF BOARD DEEMS FIT? THIS QUEST IS SPECIFICALLY FOR PRIVATE COS...& NOT PUBLIC COS (WHERE CA FIRM IS APPOINTED AS INTERNAL AUDITOR).... THANKS & REGARDS REPLY AWAITED..

sandesh says : hlw sir
from when its better to start for the final exam. ny final due date is may 2015

ASHWIN says : service tax
Dear sir, I am accountant in one proprietor firm and firm have service Tax number Proprietor (person) received Rental income from one party Party deducts TDS and after deducting TDS spend Rental amount to Proprietor (person). Proprietor quarterly deposited 12.36% Service Tax to government. If proprietor received bill of firm name from one service providing company. Can proprietor (firm) credit it .,yes or No, If no than If we can received bill named Personal Name than we can received this service Tax amount credit . Please give guidance about it Thanks & Regards Ashwin gohel Rajkot

shruti says : service tax
if mailing address change from delhi to gurgaon then same procedure follows as u disccussed earlier?

BANDANA AGARWAL says : query related to llp incorporation resubmis
dear experts,i have submitted form llp1 for application for resevation of name after submission of the form the roc reply is that "clarification for non filling of B/s and A/R of existing co. form shd be submitted by 17/01/2013 failing which the eform shall be treated as invalid and shall not be taken on record(refer rule 36 of companies regulation 1956)" Now i have already filled the 23ac, 23aca, 20b of existing co. before submission of this form. now my query is what kind of clarification they are asking and how to resubmit and do i need to resubmit the llp1 form??? please help me