I have a query regarding Ceiling on the Number of Audits..
i know the limit is 20 (excluding pvt ltd companies etc) for a partner but in my firm the partner easily signs more than 20 audits.. the ICAI also has an announcement saying company audits will be max 30... but here too my partner signs more than 30...
also can someone explain that if there are 5 partners in my firm the max number of audits would be 100 but is it restricted to 20 per person?

which color pen used by statutory auditor & internal auditor while cheking vouchers etc.
if we are working in office & we have to check the voucher as internal cheking then which color pen we shoud used?

DEAR SIR/ MADAM

ABOVE 20000 CASH RECEIPTS FROM PARTNERS IN PARTENSHIP FIRM AN DIRECTORS IN PRIVATE LIMITED COMPANY IS POSSIBLE OR THESE AMOUNTS ARE DISALLOWED UNDER SEC.269SS AND PENALTY RAISED. PLEASE TELL

THANKS IN ADVANCE

Tell me the best teacher for PCC Tax whether ajay jain of mk gupta or dr. girish ahuja.
Because ajay jain doesn't teach practical quistion as much mk gupta.

In case of professional, who is a visiting faculty in various institutes, whether teaching honorarium received by him will be considered for calculating limit for 44AB. The institute paying honorarium is duduction TDS as professional fees.

Hi,

I have recently applied for COP and planning to join a 15 year old existing firm as partner. I am also planning to do my own practice in my individual capacity.
In this regard, need clarificaiton w.r.to:
1.Can practice simultaneously in individual capacity when I am a pertner in another firm.
2.If yes, shall I intimate the same to instittue ? (I hold COP)
3. Is it better to practice in individual capacity or to float a proprietorship firm.
4. Please also clarify any advantages/disadvantages with the above mentioned arrangements.

Thanks in advance for the help.
V. Srinivas.

I had heared one audit is sox audit? will anybody help me to know more about this type of audit...

Pl Tell me what is activity of a Internal Auditor as per his designation?
For Cheif Internal Auditor
For Sr. Internal Auditor
For Jr. Internal Auditor
For Audit Asst.
For Any other post in Internal Audit Dept.?

One of Our Vendor previously work for us as Jobworker till month of Feb.09 and after from Mar. 09 Agreement Changed between us, and he charged full bill i.e. RM+PM+Processing Charges, Hence he must charged VAT of amount.
But he charged SErvice TAx as per previous practise and we booked his bill in accounts in March 09 and we final our Accounts Book.
Then what is process of Revision in Such a case for Charging VAT Instead of Service TAx?????

i ve confusion,, reagrding maximum limit of companies a ca can audit.. one book its written 30.. another book 45...