RECTIFICATION IN FORM 3CD-- ASHOK MEHTA

Hi,

If a auditor had given a form 3cd and latter it was found that the depriciation was not charged on one of the assets as it was wrongly clubbed by the accountant in work in progress. The client now wants to claim the depriciation and wants to file a revised return.

Can the chartered accountant give a new report and change the annexure I of the form 3CD is there a guideline for changing the audit report or rectifying a genuine mistake

regards

ashok mehta
Dear All,

We have an interesting case that goes like this:

2 shareholders cum directors in India has set up a company in singapore engage in the business of software development. Both the directors are in India. The company has appointed a Company Secretary in singapore and the directors never visited Singapore in that FY.

The company has made a net profit of Rs. 300,000 Singapore dollars in the year.

The question is:
1. Is this Net Profit taxable in India?
2. What is the best way to get this profits back to India?

Regards,
Malay