I am Ganesh partner in Innovative tex a new company formed in Sep-2015. Our sale for the FY 2015-16 is just about 1 lakh only. Does we require to have a professional auditor to certify for financial statement for filling income tax returns for the company?
What is form to be filled for filling returns for a partnership company?
Regards
S Ganesh.
9940360554.

Sir I am doing concurrent audit. but I am confuse regarding retention money of bank in a day. rs 12 lakh of 15 lakh .Please guide me

Respected Sir/mam
I am facing problem in fvu generation
while fvu generation of text file of AIR Return an Error Message displays on the Screen

A-FV-T6524004
253 - A-FV-T6524004 Amount details of corresponding Sale / Purchase transaction not provided.

Though I have provided all the details.

Kindly help me in this regard

Can anyone tell me what is duty of observer •??? i have been allotted the same

Dear Experts,
Assume i have purchased machinery
Rs. 1 Lakh on 1/10/2015, depreciation
As per company act. Is 9500/- (SLM) and
Depreciation as per income tax is 15000/-
However useful life of machinery is 10
Year, please let me know the complete treatment
of deffered tax how the DTL/DTA will create
and how it will be reverse in subsequent year

Waiting for your kind reply.....

Thanx & Regard
Radhika chauhan

Dear Expert,

Plz confirm the salary on which PF (@12%) shall be contributed towards salary. My client pays only basic & adhoc allowance
Will it include Basis only or Basic + Adhoc Allowance.
Plz clarify with the case ,if any...nd also focus on adhoc allowance...
Plz confirm on urgent basis.

Dear Sir,

I have a Overdraft facility with Corporation Bank. This facility was sanctioned on 21.10.2014. Its renewal was mandaotory upto 21.04.2016, otherwise it will become NPA as per RBI norms.

So what bank has done is that they have charged renewal fee from 21.10.2014 to 21.04.2016 seperately and anuual renewal fee from 22.04.2016 to 22.04.2017.

Now my account has been take over by SBBJ bank on 28.04.2016.

I requested to bank to kindly reverse the renewal charges propotionately of 11 months.
As I am not going to use this facility. And charges are of Anuual basis and thus shall be reversed.

I wanted to ask experts whether i can do this?

Please help.

Hi i want to know whether Gratuity is part of CTC or not, or fully paid by company & not to be included in CTC Breakup of Employees.

Please Reply Urgent.

If my income is below the taxable limit, which investment option gives more return - fixed deposit with nationalised banks or mutual funds?

Dear

Partnership formed on 26/05/2011 and registered in act
on 31.05.2015 one partner gave his resignation and other partner of firm accepted his resignation
now we are standing on 29.04.2016 date

what is the procedure to give effect the above

partners need to effect retirement on 31.05.2015 only