PLEASE SENT ME A DRAFT FORMET OF INTERNAL AUDIT OF A HOSPITAL
Email- fcaajeetsir@gmail.com

My query is that one of my client is opted sec 44AD last year having turnover of 1.20 crore but for this year he want to opt out of 44AD having turnover of 1.70 crore and profit is 8.5 lakh then under which clause audit is applicable
44AB(A) Or 44AB(E)

Tax Audits for Individuals with Turnover between 1 Cr to 2 Cr are to be counted for the purpose of 60 Audit Limit. Audits below 1Cr will not be counted as 44AD Audits are excluded from limit. However i have doubt with regard to Turnover between 1 Cr to 2 Cr.

hello sir,
Government given an old building to a society for residential school purpose for which the concern school made renovation which includes false ceiling in the dormitory.
can we capitalize it or it can be treated as expense?

As per companies act new Sch III amount are to be rounded.

Suppose I have a figure Rs.189,593 in Balance sheet and I wants to round it off to nearest hundreds.

What is the amount in Balance sheet? Rs.1895.93 or 1896 or 189600 ?

Also if balance sheet schedule have no figure whether I wants to disclose Empty schedule?

Pls reply

whether Tax audit for A.Y. 2021-22 is revised?

Whether RCM payable on purchase from unregistered person ?

Dear Sir,
This is a query regarding the Income Tax Return of LLP. There is a loss in the Firm in the first year of filing ITR. It should be File ITR with Audit or without Audit.

Thanks & Regards,
Mohd Nasruddin


Hi Sir,
Two Partner total Contribution 50000+50000=100000

total turnover 106000

LLP is having sales of Rs.2.33 Crore
Cash expenses and receipts do not exceed 5% of total expenses and receipts
My question is whether this LLP os liable for tax audit ?

Sir
FnO Turnover is 3 cr , FnO loss 3,00,000/= + Professional income is 14,00,000/- net profit is around 5% only 2 lakh received in cash I want to know if Tax audit is applicable due to this point. Last year Tax audit is not applicable Is Audit applicable now for FY 21-22 (AY 22-23)? Please Guide.