a private company is a subsidiary of company incorporated outside India and its turnover is only Rs 40000 and paid up capital is Rs 1 lakh .
small company definition exclude to a subsidiary company so it means it is not a small company .
for caro since it is pvt company and satisfy the condition of exemption so caro will not apply.
For IFC(Internal financial control) also satisfy exemption limit so ifc also does not apply. being a subsidiary of a foreign company does not affect exemption of CARO and IFC.
Kindly confirm if the above understanding is correct for the purpose of audit report.

So i have started my articleship in June 23 and took a transfer on oct 2nd and currently not registred anywhere. Also my form 109 has been filled but if i have to start my articleship freshly like from the very start how do i proceed with it. I have been selected in one of the big 4 and they are saying they dont hire a transfer case so i need to have fresh registration

is hsn inward sheet compulsory for gst 9 ? dealer has turnover of only 2.25 crores.

Journal entry of salary with p tax, pf, esi, canteen recovery deduction. A canteen Bill raised by a vendor of RS 50000/- out of which only 40000/- recovered from employees and RS 10000/- not recovered from the employee as they left the job.

NET WORTH OF ASSOICATES COMPANY ( H ) - 3013479
SHAREHOLDING OF( B) IN ( H)- 25.9 %
PROFIT AFTER TAX IN (H) = ( 11559)

PL REPLY
THANKS

Boucher designing & pannel designing, technological work Sac code ( 998314 ).
Which sec. Tds applicable & what rate

Received below msg from Income tax
In AY 2022-23 ITR for donations to charitable/ relief funds. However, PAN provided is invalid.

Correct PAN ABCDE1234F
Where as PAN mentioned in ITR is ABCDE2341F

How to file ITR-U for the same us 139(8A) where i only need to Update Section 80G

B2C Sales not reported in GSTR 1 can we report while filling Annual Return GSTR 9.

I imported steel goods from china and one container was stopped by DRI DEPARTMENT at port.They send the goods to laboratory for testing.we imported aluminium coils from china.If goods are not aluminum as per testing reports, what will be the consequences as per law ? Please clarify?

If total income exceeds 1 cr then Schedule AL is mandatory to be uploaded?