Patel
10 April 2023 at 16:29

File ITR-3

Dear Sir,
Please tell me about Tax Audit, My business is only F&O trading and 100 % digitally.
In Fy 2022-23  Option trading premium received is 79 Lakh and premium buy is 80 Lakh so my net losses is 1 lakh and carry forward loss to next year,  so know whether I am liable for tax audit or not ?
If not, can I file ITR-3 file without tax audit without error? Is it applicable In my case 6 % profit of Gross Receipt criteria in my case I have no any income ?
If I file ITR -3 without a tax audit and show error what can I do?
Please  know me in detail about it.
Thanks,
Warm Regards,

Can I face a problem at time of ITR 3 file because of loss? Previous year this problem is occurring because of profit is less than 6% of gross receipt then I was go wit audit in fy 21-22


VAIBHAV BANSAL

Are there any ADDITIONAL ELIGIBILITY required for CA for conducting Statutory Audit?


Sai Akhil

Hey I'm conducting research on the use of Big Data in statutory audits. I invite all auditors to fill the questionnaire below. Your participation in this study would be appreciated as it aims to understand the impact and challenges of implementing Big Data in external auditing. Your responses will be kept anonymous, and there are no right or wrong answers. Thanks for your time and it would mean a lot to me. It will take less than 10 minutes to complete.

https://forms.gle/n2wuvBHyDoa1cMfS6


Zeel
05 March 2023 at 09:36

Is audit required?

Hy, i have turnover of 2lac and make loss of 50k do I need to audit account I don't have any income source. I am student and got scholarship of 1 lac and invested in fno. Or when I need to audit my account suggest me about these please.


Rajendra Choudhary
28 February 2023 at 11:25

Regarding certificate of MSME

Dear Sir
as per the requirement, we have to obtain an MSME certificate from the creditors, so kindly explain how we know from which creditors should we get the certificate or not.

Whether getting a certificate once a year or any deadline is required.

Kindly explain the query regarding Audit purpose only.


parth jani

whether tax audit is applicable in case of P'firm/ Pvt Ltd having no profit or loss?
Is the loss including of Remuneration and Interest paid to partners?


satish kumar Chauhan
11 February 2023 at 14:25

Tax audit limit etc

Dear Experts
My query are -1. Tax audit limit for a partner ship firm, the source of income of the firm is commision on sale of vegatable & fruits on consignment sale.
2. Any TDS liablity on freight paid on the behalf of consginer
3. Cash payment limit to consigner and transpoter against consignment sale of vegatable and fruits.

thanks to all experts for reply.


Pranali Bhandari
07 February 2023 at 16:57

Income tax audit under 44ab

Assessee is Partnership Firm,
Turnover is 1.5 cr,
Profit is 6.39% after partner's remuneration.
Cash Receipts and Cash Payment below 5%
they got a notice u/s 139(9) as defective return that books of accounts should be audited.

Please advise we require the books of accounts should be audited u/s 44ab


Kabeer Mohammed
28 January 2023 at 12:06

Company audit123

“Auditor may be removed before expiry of his term” here what do you mean by “term” whether one year or five year or time between agm?


Boopesh Jayabalaji
23 December 2022 at 11:03

Post Incorporation compliancy

Hi All,
I have registered a new company. I would like to know what are the post incorporation must have. I do not expect any major transactions in the business at least for a year. What are the must do form submissions apart from ADT-1 to ensure compliancy ?






CCI Pro
Meet our CAclubindia PRO Members

Follow us



Answer Query