Rohit Mishra

if the agri. income exceed rs. 40 lacs then is it liable to tax audit under sec. 44AB of income tax act,1961 ?

assume that the assess has no other income exceed rs. 5000/-


Rohit Mishra
20 July 2009 at 00:21

valuation of inventory

if we change the method of valuation of inventory from fifo to weighted average method then it is required to change the value of opening stock and adjust the difference with the current year profit or loss.

and the other thing can A.O. rejects the change in method of valuation of inventory that we have adopted ? can he disallow the treatment ?
Please give me any case reference or judgement for this situation.


Balasubramaniyam Sundaram Iyer

whether sales tax collected in respect of sales made has to be included in the "total gross sales, turnover, gros receipts" for determing the treshold limits of Rs.40 lakhs for audit purpose


ashish
18 July 2009 at 13:43

PF detail in Form 3 CD

hi... pls inform me about PF detail in form 3CD..?? should we give total payment of PF including employer's contribution..month wise.?? or only employees contribution......?????


ashish
18 July 2009 at 13:38

TDS DETAIL IN 3CD

How to show TDS deducted and deposit detail in form 3CD....??should it be party wise or monthly ....??? and what if company has not deposited TDS within Due date & interest not paid on late payment....??


CA L Gopal Shah

I am in new practices, i want to know can i sign the Finals a/cs of Proprietor and partnership business firm of my joint family members, i dont have any interest in that.


shweta agarwal
18 July 2009 at 11:25

additional dep

hi,
in a new unit, if p&m was purchased last yr. and no dep was claimed then, can additional dep be claimed this yr. as it is put to use now.


rajesh
17 July 2009 at 14:57

ABOVE TWENTY THOUSAND CASH RECEIPTS

DEAR SIR/ MADAM

ABOVE 20000 CASH RECEIPTS FROM PARTNERS IN PARTENSHIP FIRM AN DIRECTORS IN PRIVATE LIMITED COMPANY IS POSSIBLE OR THESE AMOUNTS ARE DISALLOWED UNDER SEC.269SS AND PENALTY RAISED. PLEASE TELL

THANKS IN ADVANCE


shrenik
16 July 2009 at 15:14

Dr. Require Audit ????

Mr. abc is a Dr. running a hospital. his annual gross receipts are about 25 lacs. is Audit u/s 44AB required for him ????


CA Ankur Dhamanaskar
16 July 2009 at 13:20

Journal voucher

Query regarding vouching...!!!

What is the purpose behind checking Journal vouchers, when all the documentation is done with bank payment voucher???






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