if a person has turnover below limit say rs.98 lcs and its not mandatory for him to audit his books of accounts..which will be his minimum tax liab. and as a professional what advice we shall give to him

pls answer as early possible

I have a partnership firm,and in F.Y. 2012-13, i have sales turnover of Rs. 2,80,000/- ( Rs. Two Lakh Eighty Thousand ) approx. I have net profit of Rs.8,500/= ( Rs.Eight Thousand Five Hundred ) approx.

In short my Gross turnover is below 1 crore and my NP is below 8%

So whether Tax Audit is compulsary in my
case, and if yes under which section.

Pls. advice.

Is audit required under Sec 44AB or any other Section of IT Act to carry forward f&o Loss if turnover is less than Rs 1 crore ????

My turnover in F & O is around 10 Lakhs & i have incurred loss of about 2 lakhs during FY 2012-13 AY 2013-14. To carry forward loss, will audit u/s 44AB will be required.

Also whether provisions of section 44AD will apply if accounts are not audited(i.e minimum profit of 8% of turnover/gross receipts)

Dear all
Kindly guide me about how to file the 24Q/26Q for government instutions.
or mail me the steps by print screen.

Con: hellowbala@gmail.com
09688067320

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company has not deducted TdS on director remunaration(U/S 194J @10% but deducated Tds as per salary slab considering salary.

can remunaration can be considered as salary.

company has not deducted TdS on director remunaration(U/S 194J @10% but deducated Tds as per salary slab considering salary.

can remunaration can be considered as salary.

•Determined the scope of audit procedures and assignment schedule

• Possess knowledge of audit functions, defining audit schedules


I HAVE SEEN THIS IN ONE OF THE CV

WHAT DOES IT MEAN?

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