Audit queries [932]

Its Urgent

If any hospital running also a shop in its premises which also expose to outsiders means outsider can also purchase the medicine from shop , Can that Shop required vat REGISTRATION.

darpan chheda

12 February 2009 at 11:41

Internal audit

What are the provisions in the companies act regarding internal audit?
is it compulsory?
Is there any monetary limit specified in the act?

CA Ashok Kumar Jha

11 February 2009 at 18:40

Company A received interest from company B on unsecured loan which was given earlier to company B.Both the Company have a common director mr. mukesh. mr mukesh is executive director in company A and non executive director in company B.

Is interest received by company A is related party transaction and any disclosure required for the same.Company A is reporting enterprise.

Riddhi

11 February 2009 at 18:23

Consolidation of Company (AS21)

Can one Subsidiary have 2 Holding company.

CA BIREN SHAH

11 February 2009 at 17:29

to do or not to do the audit.

1. i have two propritorship farm.one of them is cloth and another is of chemical business.
now turnover of cloth business is 35 lacs and turnover of chemical business is 10 lacs.
whether i am liable for tax audit u/s 44AB?

2. if turnover of the profession is 8 lacs and turnover of business is 35 lacs.
then i am liable for tax audit u/s 44AB?