taxoworld

1) I.D PROOF OF THE EMPLOYER 2) PASSPORT SIZE PHOTO OF THE EMPLOYER 3) PAN CARD 4) LIST OF EMPLOYEES 5) RENTAL AGREEMENT 6) ELECTRICITY BILL 7) TELUGU NAME BOARD

  1.       1) PAN CARD 2) ADHAR CARD 3) PASSPORT SIZE PHOTO 4) MAIL ID 5) MOBILE NUMBER    

  1(a). Section 123(1) + Rule 3 Declaration of dividend out of reserve in case of inadequate or no profits 1(b)(i). Exemption of rule 6. However only for CFS when all its other members have been intimated in writing and for which the proof of delivery of such intimation is available with the company, and do not object to the company not presenting consolidated financial statement, securities are not listed or not in the process of listing on any stock exchange and its ultimate or any intermediate holding company files CFS with the registrar which are following the applicable AS>  Opinion CFS is applicable 1(b)(ii). Term of auditor and rotation for auditor seciton 139(2) and rule 5 class of companies Every listed company or unlisted public company having paid up share capital more than or equal to Rs. 10 crores shall not reappoint individual as auditor for more than 1 term of 5 consecutive years and firm as auditor for more than 2 terms of 5 consecutive years. 1(c...

  EXPORT: One of the fundamental principle to make exports competitive in the international market is that taxes should not be exported. Hence, export   to   destinations   outside India as well as supplies to SEZ have been ‘zero-rated’, i.e. the goods or services exported are relieved of   GST levied upon them either at the input stage or at the final product stage by way of refund of taxes paid. Thus, it can be seen that supply to SEZ unit/developer is treated at par with physical exports. Supplies made for export through merchant exporters are taxed at 0.1% with ITC benefit. Supplies of goods from Domestic Tariff Area (DTA) to EOU/ Electronic Hardware Technology Park (EHTP) Unit/ Software Technology Park (STP) Unit/ Bio-Technology Parks (BTP) Unit are considered as ‘deemed exports’ and are allowed some of the benefits that actual export enjoy Taxability of export : Export of goods or services are treated as inter-State supply and zero rated. This mean...

1(b)  General Steps in the Conduct of RBA - RBA consists of four main phases starting with the identification and prioritization of risks, to the determination of residual risk, reduction of residual risk to acceptable level and the reporting to auditee of audit results. These are achieved through the following:   Step 1: Understand auditee operations to identify and prioritize risks: Understanding auditee operations involves processes for reviewing and understanding the audited organization’s risk management processes for its strategies, framework of operations, operational performance and information process framework, in order to identify and prioritize the error and fraud risks that impact the audit of financial statements. The environment in which the auditee operates, the information required to monitor changes in the environment, and the process or activities integral to the audited entity’s success in meeting its objectives are the key factors to an understanding ...