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?
DEAR SIR,
Is husk is agriculture produce or not?
what is the last date of completing audit of private limited companies and when ITR is to be filled for this ?
Hello All,
I have a query.
Our company is engaged in the manufacturing of Telecom Equipments. As per cost record rules and the proviso to rule 3 under the Companies Act, 2013, if a company falls under the classification definition of Small Enterprise as per MSME act, then Maintenance of Cost Records is not required. Our company falls under this exemption criteria as our investment in Plant and machinery is less than Rs. 5 Crores but more than 25 lakhs, although we dont have MSME registration or Udyog Aadhaar Registration.
Considering the said exemption is the maintenance of cost records and cost audit applicable to us. ?
Thanks,
Dhananjay Jitesh Pandey
Company Secretary
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.
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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
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Tax audit