As it is a NPO registered under XXI of 1860
1. What would be the value of building
2. How it reflect in R/P, I/C and Balance Sheet.

KINDLY GUIDE ON WHAT IS THE PROCEDURE FOR ENROLLING /EMPANELMENT OF A CA FOR AUDIT OF CO-OPERATIVE SOCIETY ?

CAN ANY ONE SHARE AUDIT REPORT FORMAT OF RELIGIOUS TRUST UNDER TRUST ACT

In section 138 of the companies act, company is mandatorily required to appoint an internal auditor if turnover criteria is met. The question is - TO of the company for fy 16-17 us 201 crore hence appointed internal auditor in fy 17-18. Now assume the TO of the company for fy 17-18 is only 180 crores. In such a case is it necessary for the co. To appoint internal auditors for fy 18-19?

Dear Sir / Madam,

Mr A is having Rs. 90000/- loss from F&O (Turnover calculated Rs. 18.50 lakhs) and Gross Professional Receipts of Rs. 8 lakhs. His Net Professional (after expenses) income comes to Rs. 5.75 lakhs. His Net income % from Prof activities comes to 71.88%.

Whether:
1) Loss of F&O (90000/-) can be adjusted against professional income (5.75 lakhs)?
2) Is tax audit applicable as there is a loss from F&O?

Kindly guide
Suraj

Hi expert,
It is a request with respectful regarding audit case. I want to know that we had audited individual return for the financial year 2017 to 2018 because our turnover exceed so we had filed income tax return in audit by CA. And paid the minimum tax under audit. It was first year of audit. There was turnover 98 lakh rupees in the financial year 2017-2018. But there is turnover 28 Lakh rupees in the financial year 2018-2019. May I file and pay the income tax on 44AD, 8%.

Best regards,
Mohd Nasruddin

Hello Everyone..
FOR A PROPRIETORSHIP FIRM, WE HAVE FILED ITR ON 30 SEPT WITH TAX AUDIT REPORT FOR FY 17-18 AS TURNOVER FOR PY WAS MORE THAN 1 CR.
BUT NOW IN FY 18-19, TURNOVER IS LESS THAN 1 CRORE..SO WHETHER AUDIT REPORT IS REQUIRED OR NOT AND DUE DATE FOR FILING ITR WILL BE 31ST JULY, 2019??
Please explain with example

Dear Sir,
please tell me about whether Tax Audit Applicable u/s 44AB or not, my client income from Business under section 44AD Rs. 158795( i.e 32% of Turnover Rs.4,95,044, more than 8% as per 44AD(1)) & my other Income is Rs.103359, Gross Total Income Rs.262154. Chapter VI Deduction Rs. 54317 (LIC 30317+Donation 24000) hence my Total income chargeable to tax Rs. 207840.

as per above case whether Tax Audit is Applicable or not ? please tell me.

( A person covered under Section 44ADA is required to get his books of account compulsorily audited u/s 44AB if such person claims that the profits and gains from the Profession are lower than the profits and gains computed in accordance with the provisions of section 44ADA(1) AND if his income exceeds the maximum amount which is not changeable to tax (i.e basic exemption limit).

1.My client partnership firm in first year having losses in books of accounts f.y18-19 .whose turnover less than 1 crore. whether audit is necessary ?
2 . Interest on partner capital and remuneration to partner is mandatory to pay them in case of loss in firm ?
3. Can we Claim Additional Depreciation in first year of production ?

FORM 3CB/3CA & 3CD IS DIGITALLY SIGNED AND THERE IS NO PLACE IN UTILITY FOR UDIN. NOW HOW AND WHERE TO REFLECT UDIN