I have received building from related person covered under income tax worth Rs 5L and paid the stamp duty for the gift deed & has duly registered the deed.
Now my question is
Whether i can book the whole value of gift in my books of account? If yes provide the basis to show in the audit?
DEAR SIR/madam,
I have one confusion in Form 3CD we required to disclosed chapter VIA deduction . I want to know whether such deduction expenses should form part of capital account of proprietor?.
If we will enter deduction details in form 3CD as it is the personal expenses of the assessee not of firm business , it will go?
PLS TELME LAST DATE FOR FILLING IT AUDIT
An assessee has turnover less than 1 crore and has loss. Under which section audit is carried out? 44ad or 44ab? Pls guide
Assessee had always been eligible for audit until AY 2019-20 wherein his turnover is less than Rupees One Crore and Net Profit is more than 8% of turnover.
In order not to break the sequence of audit reporting, Assessee is interested to audit his books of account even for AY 2019-20.
Can the CA audit such a case?
If so, under which relevant section of the Income Tax Act shall he be eligible for Tax Audit?
Is there any possibility of extension of last date of the tax audit for the fy 2018-19?
URGENT....
ASSESEE IS A CHARITABLE TRUST NOT LIABLE TO TAX AUDIT. FOR ATTESTATION OF FORM 10B, UNDER WHICH CATEGORY I SHOULD GENERATE UDIN?
PLEASE HELP
THANK YOU.
Whether an AOP Registered under Societies Act having profit 225000 in FY 2018-19 is required to gets his account audited
1.if Yes which type of audit and form is required.
2.Whether any form is required to upload on ITD
I Have done sale of 6.5.lacs in F.Y. 18-19 of as new partnership firm but i didn't want to file ITR u/s 44AD. My nett Profit is 8.05% before partner salaries. Is Tax audit required.
Is there any time limit for getting a UDIN? What is last date to get UDIN on Balance Sheet for FY 2018-19?
FR & Direct Tax (Regular Batch Combo) For May 26 & Onwards
Building received as gift from related person