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AUDITORS EDAPPAL

In which section we have to take udin for tax audit of turnover below one crore.


dhaval bandiwadekar

Company A Private Limited had an NPA loan in FY 23-24 for which the Bank gave OTS (one-time settlement) time limit of which was supposed to end in April 2024, but the company paid a 50% portion in FY 23-24 and took extension of 90 days and paid entire loan in the month of June 2024, i.e. FY 24-25. The loan amount was Rs.5 crores, settled at Rs.4 crores. How to deal with this as per AS 4 Event occurred after the balance sheet date.


Shubham Nalawade

Why Rule 11 e of companies rule 2014 is issued by the ministry of corporate affairs.
Means what was the general practice did by business that lead to mca to issue this rule.
Rule 11 e is relating to disclosure for advances given by company to intermediary parties.
In short I just wanted to know actual reason behind rule 11 e.


B. vignesh
20 June 2024 at 14:56

Fund of Fund Investment audit

Please any one clarify that as per US GAAP we have to disclose the investments details if the value of the investment is 5% more than net worth or partners capital in the financial statement. My doubt is In case the organization is investment company or firm engaged in fund of fund, whether it is enough to show the fund in which such company have invested and the value is more than 5% of the net worth or partners capital or is it necessary to show the investment in which fund that we have invested, if it's so how to calculate the 5%,


sivakumar hnv

Please clarify UPS Battery is an asset or consumable. I mean Exide battery for UPS is a goods or consumables. and explain how?


rubi

Anyone please provide me the checklist of statutory audit of limited company.


Preeti Tiwari

Hello
I am a student of ramanujan college,DU and i am in my 4th sem(will be completed in june/july). I am giving my ca inter group 2 exam in may.
i am really tensed whether i should continue college for 1 more year or i should quit it and obtain a diploma degree and continue with my articleship.
i have already talked with my college adminstration regarding conversion to DU SOL however they said that it is not possible as my college doesn't allow migration.
Now i really wanna know what to do? if i take 1 year gap can i get articleship in good firm?


PAPAIAH J
24 April 2024 at 09:47

Audit applicability for 44AD

I have done buisness for last 3years and I have declared income under 44ad for those 3 years. Now I left the buisness. Whether I need to get audited for next year
1.if my income from all other sources exceed 2.5 lakhs???
2. If I got a job and my income exceed 2.5laks???


Bharat Kulkarni
07 April 2024 at 16:03

Writing off trade payable

A company that has received a legal notice to pay money by from their creditor. the creditor claim is recognised as trade payable. The company wants to write off the debt to save liability. what process as auditor i should follow and is any declaration is required from company?


Shubhashri lakshmi
03 April 2024 at 17:09

General Query on Valuation

Can person holding COP from May 2024 sign the Valuation report for the period ended March 2024?







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