Hi evey one!!!
can any one tell me the proceedure and areas to be verified and other guideline in detors audit.

Thanks.

When Form 20 B to be isued under Works Contract Act?Same way when Form 20 and 20 C are to be issued?

Hi,

I have a doubt whether the amendment, that now onwards CA can do partnership with other professionals, will not affect the Professional Ethics that CA can't do advertisement?

As a professional, CA can do p'ship with MBA in Marketing.Isn't it contradictory?

Ashish Joshi
Ahmedabad
CA Final

Dear all,

When is it mandatory for a private limited company to get tax audit done? and who can do it. Is is necessary that a CA should do it?

The replies about Eligibility of Signing of Tax Audit Report from Mr. CA. Tilak Raj Sharma & Mr. CA. B. Chakrapani Warrier are contra which query raised by Mr. Hardik V. Sheth.

Expecting, whether that is counted as 1 or 3???? Pls clarify clearly.

What are the areas to be kept in mind while doing Stock Audit ?

What are most important areas to be verified at the time of audit of Export Sales ?

What are most important areas to be verified at the time of audit of import purchases ?

Dear Sir,

I am a CA Final student and in the last year of articleship .I have a doubt about requirement of CAR2004(amended) in relation to a Private Limited Company.My question as follows.M/s ABC Limited is a Private limited company having a paid up capital of Rs.50 lakhs.Company is a loss making since its incorporation.Last financial year company was received a grant of Rs.5 lakhs as promoters contribution and same is shown as Capital reserve under the head of Reserves(AS-12) and Surplus in Libility side of the balance sheet,on that year company's paid capital was Rs.5lakhs (50000equity shares of Rs.10 each).On January 2008 Company has increased its share capital to Rs.50 lakhs by issuing 450000 equity shares of Rs.10 each.My question is that since the company is having a reserves + equity share capital more than Rs.50 lakhs,have they required to comply with the CARO,2004 reporting requiremnents.

My query is regarding suspicious transactions that a bank has to report on weekly basis. if a person has withdrawn about 120 lacs in cash in about 7 transactions from his saving account, which is new a/c about 3 months old.He also has same sort of deposits and there are similar trasactions other than in cash. Should this type of a/c be reported in the STR.