AUDITORS EDAPPAL
15 August 2023 at 17:59

Query regarding form 29b

Whether we need to report surrender of shares in form 29b,if yes where to report it.


Esrar Ahmed
02 August 2023 at 16:06

Tax Audit Applicability Esrar

There is a person doing business and he was filing income under 44AD as the turnover is less than 2 Crores. And for the current FY 22-23 his turnover is more than 3 Crores. Can i file the ITR returns without Audit as per the new las of 5CR.

If Audit is not applicable then in which ITR we have to file can we take the Income in 44AD only???


JYOTI GOEL

SIR
ASSESSEE HAS TURNOVER OF RS. 80.00 LAC IN TRADING BUSINESS AND HAS RECEIVED COMISSION OF RS. 40.00 LAC FROM OTHER BUSINESS. THE QUERY IS -1. IF AUDIT IS APPLICABLE BECAUSE TURONVER HAS CROSSED 1.00 CRORE. OR
2. INCOME CAN BE DECLARED UNDER 44AD FOR TRADING BUSINESS AND FOR COMISSION INCOME BOOKS ARE MAINTAINED. AND ITR 3 CAN BE FILED WITHOUT AUDIT.


raghavendra b

DEAR SIR,

ONE OF MY CLIENT IS PARTNERSHIP FIRM ITS TURNOVER LESS THAN 10LAKHS MEANS 6,77,892/- IN THIS SITUATION SHOULD WE FILE TAX AUDIT U/S 44AB, BECAUSE ONE OF MY CLIENT IS ITS PARTNER HIS IT RETURN SHOULD BE FILED, BUT THE FIRM DID NOT FILE ITR NOW CAN WE FILE AFTER FIRM'S ITR FILING THE INDIVIDUAL SHOULD BE FILED BEFORE JULY

WHAT TO DO

REGARDS


shreeji silver

Please send the Financial Audit check list of Jewelry showroom

Read more at: https://www.caclubindia.com/experts/ask_query.asp


Sudipta Das

My company was incorporated in f.y 2021-22. The statutory auditor who filed ROC returns last year is not responsive. Please guide me can I change the auditor without resignation of last auditor. ??


akshay maloo
10 July 2023 at 16:22

Income Tax Audit u/s 44AB(e)

One of my client has salaried income and doing F&O trading. In the last two FY i.e. FY 2020-21 & FY 2021-22 he has loss in F&O and asked to do Audit. So I audit him under sec 44AB(e).

Now, in the current FY 2022-23 he still have loss in F&O. Is audit applicable or we can file normal return.


sanjay

partnership firm having turnover of 10 lac and profit is of rs 3000 whether audit required or not ??

can we file itr 5 with normal balance sheet and p and l ?


CA Ritu Chauhan

LLP has to get its books of account audited if contribution from partners exceeds Rs. 25 Lakh or Turnover exceeds Rs. 40 Lakh. Whether this 'Contribution' includes Current Capital also ?


VIKHAS RAVI
04 July 2023 at 15:43

Audit report applicability

Which audit report format is applicable, in case of a company for the FY 2019-20 to issued in the month of July 2023.
Whether Audit report format for the FY 2019-20 or existing Audit report format.






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