Hi,

One Charitable trust is registered under charitable trust act & regular file Charity Commissioner return. Recepts of Trust is below Taxable limit. Trust is never apply pan card & file Income Tax return, Because of Below Taxable limit receipt of Trust, Whether Trust require compliance of Income Tax Act ?

If Receipts of Trust in case exceeding Rs.50,000/- is liable to Compliance of Income Tax Act ?
Trust is mandatory apply to Registration of U/s 11 & 12 A ?

Please if possible let me Case law of Receipt below taxable limit is Income Tax Compliance not require Charitable Trust?



Please guide us.......

is surbhi bansal buk is sufficient for ipcc or we hve to refer any othr buk

Hi Professionals

Please tell him about the effective date of reduction in the rate of administrative charges from 1.10% to 0.85% of the pay.

My reason of Query is that as per the EPFO Notification NO.323(E) dated 02-02-2015 written that the Notification may be applied from 1th January,2015.

Japanese entity dedcuted TDS while making payament to my entity ----> Can i book TDS credit and claim refund of the same from Indian income tax ----> But my entity is a loss making entity and we do not pay tax ----> hence can only take refund -----> If i cam only book credit -- any time limit in which credit has to be utilised ---Also Please specify the sections or refund form (ie Return and its part)

if an organisation is giving benefit of both ESIC(for salary above 15000) and health insurance to employees,can it be suggested to discontinue ESIC for cost reduction

sir

caro applicable if paid up capital + reserve more than 50 lacs

so, Share Premium Reserve Include or not in the reserve for applicability of caro 2015.

Thanks & Regards

I am appointed as a statutory auditor of a company. The company is intended to reduce the audit fees compare to earlier auditor's fees. Whether I shall be guilty of professional misconduct for undercutting the Audit fees.

Gratuity entry( in company records))in sequence of occurence:-
1. Gratuity deducted from employee salary
2. Gratuity provision made in books based on actuary report.
3. Payment made to LIC fund (also, when no LIC fund exists)
4. Money received from LIC
5. Paid to emplpoyees

Hi Friends,

There is a post qualification certification course offered by ICAI on "Forensic Accounting and Fraud Prevention".

Can anyone please guide me that what will be the scope after completing this course.

Suggestions and opinions are invited...

Thank you

A training centre is establishment for 2 months. Whether the same should be capitalized or not?

The Company provides training and its revenue is out of it. The training centre is not fixed. It is established for short period...like 2 to 3 months.

Also, whether consumables for establishing the same centre will be capitalised or not?