A Person declares his income u/s 44 AE showing deemed income as Rs.3500 per month per tankar as per the provisions of this section and his gross receipts exeeds from Rs. 60 lacs,

Q-1. Is he liable for tax audit??

Section 44AB state that the provision of Audit will apply on a person carrying on business u/s 44AE and claiming his income to be lower than the profits or gains so deemed to be the profits and gains of his business.

Q-2. Is it Assumed that the above provision of sec-44AB will not apply if he declares his deemed income according to the provision of sec-44AE(i.e 3500 or above per month per goods carriage)and his gross receipts exeeds from Rs. 60 lacs?? AND

Q-3. If he owns more than ten goods carriage, than provision of tax audit apply ???

And
Q-4. Is he liable to deduct TDS under contractual payments or salary payments??

please answer this query with judgements or circulars related to it.

Hi,

Please help me in solving the following:
How can we verify non cash item in cash flow statement:
If it is cash item and it is reflected as non cash item (knowingly) to increse the cash.

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can any one send me the format of that certificate to be issued............

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My query is whether LIC commission agent having commission income is considered as profession for the incometax purpose?

commission receipt Rs.25L wheteher he is require to get his books of accounts for tax audit?
as per my view it should be considered as profession and limit of Rs.15L should be applicable.
But i am also getting opinion that it can be considered as a bussiness and limit of Rs.60L for tax audit will be applicable. the insurance commission agent is not specifically mentioned in the list of profession mentioned thats why conflict is arised.

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Can A relative (as defined under companies Act or income Tax Act) of share holder become an auditor of private limited company in which that share holder is holding 51% or more shares?
please also take into consideration the professional ethics that is to be followed by ICAI member

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which point should be consider while giving certificate for visa purpose? is there suggested format?

Dear Experts,
Can any one provide me the due dates for payment of statutory dues,because necessary for me to verify it while i do internal audit for a manufacturing company.
1)Income Tax (i.e. TDS)
2)Wealth Tax
3)Excise Duty
4)Service Tax
5)Import Duty
6)Provident Fund
7)ESI
8)VAT
If any other statutory dues are there even that can be informed to me.

Thanks & Regards,
Rajesh.