Dear sir,

please help me the Depr rate for Lockers

Regards
Dhina

what is the relevance of 44AA if 44AD is necessarily be used ?
IF turn over is 20 lakh and profit is 1.5 lakh i.e. less than 8% then a/c not to be maintained then what is the significance of 44AA. what is the significance of limit provided in sec 44AA i.e. 10 lakh or profit 1.5 lakh.

Can u tell me an example when maintenance of a/c's is governed by sec 44AA ?
(1)If Profit is 8% or more then a/c's not to be maintained. (2)If it is less than 8% and profit does not exceed basic exemption limit then a/c not to be maintained (3)IF Profit is less than 8% and it is more than basic exemption slab then only a/c's to be maintained. So this all is governed by Sec 44AD and here we can see no significance of 44AA. Can u Plz narrate me an examplw where a/c's maintenance is goverened by sec 44AA.
(Except in the case of professionals )

My company is into imports. I want to open a foreign branch wherein all sales will be done from this foreign branch and purchases will be made from indian head office. Is this possible? How do I transfer goods to the branch for issuing sales invoices or should the indian head office sell the goods to branch by endorsing the bl and then issue sales invoices from foreign branch.

Turn Over 20 lakh
Profit declared 1.5 lakh
Is he liable to maintain the books or not ?

even if he opt for 44AD he is not required to maintain the books, as profit is not more than basic exemption slab

but as profit is less than 8% so would it be said that he is now not using 44AD ans if he is not using 44AD mean he is required to maintain books as per 44AA

Is it necessary to claim 44AD if turn over is less than 1 crore or an asseessee can claim profit as computed on the basis of books of accounts maintained by him even if profit is less than 8% of turn over as shown by books of accounts
Eg-turn over 50 lakh
profit 3 lakh
and accounts has been maintained by assessee so can he claim profit to be 3 lakh and not use 44AD and as he is not using 44AD conditions of 44AD of audit of a/cs if profit declared is less than 8% then accounts to be audited shall not be voilated too. So can he show profit of 3 lakh with out audit being done

I have a rental business of 50 trucks.i get income by giving sales invoice to parties.but there is no purchase invoice in my tally. so nothing is in my purchase side. i am entering fuel and maintenance cost under direct expenses.so how i calculate profit of my business.please help.

sir , we are registered vat dealer , our business is used car puchases and sales. we puchases used cars from un-registered vat dealers , can we take input credit on that without purcahse invoices . our business is located in andhra pradesh.

Insurance premium paid on insurance of fixed asset is capital expenditure OR revenue expenditure.????

Sir,

I request a formula for propotionate calculation of expense to sale achieved , where the details is as follows;

Month = June -14

Expense = 15 K for the month

Budget = 63.75 lkhs (Till 20/06/14)

Actual = 43.41 Lkhs (till 20/06/14)

Please consider this as very imp:

Thanks

What is fictitious assets? what is the treatment of such assets?