If i fill business normal return upto 5 lac then no tax levied. but what if my turnover is 10 lac and choose to do audit so my tax payable is nil now ? is this benefit of audit ? because if i doesn't do audit then much more tax i have to pay because turnover is 10 lacs.
I am a fresher and do not have much idea about auditing.
INTERNAL AUDIT OF A HOSPITAL
PLEASE SENT ME A DRAFT FORMET OF INTERNAL AUDIT OF A HOSPITAL
Email- fcaajeetsir@gmail.com
44AB(E) Audit Applicability
My query is that one of my client is opted sec 44AD last year having turnover of 1.20 crore but for this year he want to opt out of 44AD having turnover of 1.70 crore and profit is 8.5 lakh then under which clause audit is applicable 44AB(A) Or 44AB(E)
Audit Under Section 44AB(E)
My query is that one of my client is opted sec 44AD last year having turnover of 1.20 crore but for this year he want to opt out of 44AD having turnover of 1.70 crore and profit is 8.5 lakh then under which clause audit is applicable
44AB(A) Or 44AB(E)
FORMAT OF BALANCESHEET & PNL
whether we have compulsorily to give PNL and Balance Sheet of non corporate entities in new format as suggested by ICAI ?
REGARDING CONVERSION OF STOCK IN TRADE
Whether gst liability arise on conversion of stock in trade ?
Tax Audit Limit of 60 Audits per CA
Tax Audits for Individuals with Turnover between 1 Cr to 2 Cr are to be counted for the purpose of 60 Audit Limit. Audits below 1Cr will not be counted as 44AD Audits are excluded from limit. However i have doubt with regard to Turnover between 1 Cr to 2 Cr.
Clause of 44AB
Hello
Which clause is applicable for audit above 1 cr in 3cd report? 44ab(a) shows t/o exceed 1 cr in 3cd format!!
Thanks
False ceiling work - wheather to capitalize or treat as expenditure
hello sir,
Government given an old building to a society for residential school purpose for which the concern school made renovation which includes false ceiling in the dormitory.
can we capitalize it or it can be treated as expense?
Company accounts Schedule III
As per companies act new Sch III amount are to be rounded.
Suppose I have a figure Rs.189,593 in Balance sheet and I wants to round it off to nearest hundreds.
What is the amount in Balance sheet? Rs.1895.93 or 1896 or 189600 ?
Also if balance sheet schedule have no figure whether I wants to disclose Empty schedule?
Pls reply
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Is there any benefit of audit