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.

ONE OF A FIRM ASST-YEAR 2022-23 TOTAL GROSS RECT.12,34,500/- AFTER THE NET LOSS RS.13.500/-i INCLUDING PARTNER SALARY RS.1,92,000/- AFTER THE COMMUTATION TAX TOTAL INCOME RS.30,00-/(-AFTER DEPRECATION STATEMENT)PREVIOUS B/F LOSS RS.65,000/-( BUSINESS LOSS RS.22500/- DEER . LOSS RS.42500/-)
MY QUERIES
1) IF APPLICABLE ANY AUDIT .
2) THE FIRM AJDU THE LOSS IN CURRENT YEAR
THANKS

1. what is asi is all about ?
2. whether filling return of asi is mandatory ?
3. if yes, what is due date ?

In the first year, CA (1) appointed him self as the auditor of company XYZ. In the second year the XYZ hired another CA (2). Second year's filing done by CA (2) without official resignation of CA (1) . Soon it came to notice that the auditor has not been apointed for this year and CA (1) is asked to officially resign. Now CA (1) filed ADT 3 and resigned, but gave resignation in the current date.

Now CA (2) is not filling the ADT 1 even after taking the penalty of ₹4800 for the delayed appointment of auditor.

What could be the potential reason for not filling the form ? And what actions can be taken against CA (2) by the company XYZ ?

I want to kbow about finalization accouts. Which entry will be done .
Please explain in detailed .
Then how to count tax . How to do entry of tax in finalisation entry.
Thaank you.

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Hi All
We have few contract employees to running the payroll and they are working in XYZ organisation.
Now the XYZ organisation conducting internal audit, they asking us few declaration, Could you please send us the formats, as we are new to this type of audit
1) DECLARATION ON NUMBER OF INTERSTATE MIGRANT WORKERS DEPLOYED BY THE CONTRACTORS
2) DECLARATION PERTAINING TO DEPLOYMENT OF INTERNATIONAL WORKERS.
3) Register in Form D under EQUAL REMUNERATION ACT
4) DECLARATION ON LIST OF NATIONAL AND FESTIVAL HOLIDAYS APPLICABLE TO THE EMPLOYEES DEPLOYED AT SOCGEN