Audit
INDIAN MARKET RATES FOR GOLD & SILVER- I
Given below are the gold & silver rates of 10 years from 1956- 1965 required for valuation purposes and calculating tax. This is contributed by CA Final Student Arti Patrikar. Valuation Date standard GOLD 24 carats SILVER 9960 touch Rate Per Rate Per 02.11.56 106.13 Tola 173.88 100 Tolas 31.12.56 104.44 “ 173.69 “ 31.03.57 [...]
LAST DATE OF FILLING OF VAT AUDIT REPORT HAS BEEN EXTENDED
The dealers having gross purchases or sales more than Rs.40.00 Lakhs during the F.Y 2007-08 should get their books of Account audited by Chartered Accountant or Cost Accountant and will have to submit VAT Audit Report to Sales Tax Department by 02/03/2009 earlier it was 31/01/2009. The dealers holding license under Foreign & Country Liquor [...]
LAST DATE OF FILLING OF MONTHLY RETURNS
The registered dealers having MVAT liability for F.Y 2007-08 (01/04/07-31/03/08) more than Rs.10.00 Lakhs or Refund more than Rs.1.00 Crore should file monthly return. As per circular 17T (08) DT. 05/05/08, MVAT monthly returns should be filed electronically in Form 231(Form IIIE for CST) within 21st day of the next month. Last date of filing [...]
SATTYAM: AN INDIAN VERSION OF WORLDCOM
I am of the veiw that we should not panic by the exaggeration of the Satyam issue made by media and wait till any official statements from SEBI, Ministry of Company Afairs, The Institute of Chartered Accountants of India. Satyam is the country’s fourth largest IT firm and has over 51,000 employees. B. Ramalinga Raju [...]